Maiden Campaign Chasing Californian Gold
K2 Gold Corporation (TSX-V: KTO) has kicked-off the company’s first drilling programme at the Mojave project in Inyo County, Southern California.
Chairman, John Robins, said this drilling programmr will focus only on the Dragonfly and Newmont target areas, two gold rich zones with a 4.5km strike length of known mineralisation outcropping at surface. It is expected to produce approximately 3,200m of drill chips to a maximum depth of 200m per hole.
“This project represents one of the most exciting exploration opportunities I have ever worked on,” Mr Robins said.
“Our surface work over the last year has identified several large zones of oxide gold mineralisation. The commencement of drilling is a very positive step forward for the Mojave project.”
President and CEO Stephen Swatton said the company has safely mobilised a drill rig and personnel to Mojave – a high grade oxide gold project which has not been drilled since BHP’s 10-hole programme in 1997.
“With approximately $2.5 million in cash, K2 is fully financed to complete this initial drilling campaign comprising four sites on the Eastern side of the property.”
All 35 historic holes drilled by Newmont and BHP within the Newmont and Dragonfly zones intersected alteration and anomalous gold mineralisation.
K2 is permitted to drill two sites at Dragonfly and each will be located at least 90m from previous BHP drilling.