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K2 Gold Approves $9.8 Million 2026 Budget
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - K2 Gold Corporation  (TSX...
About this update from K2 Gold Corporation
[{"type":"text","content":"K2 Gold Approves $9.8 Million 2026 BudgetVancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (\"K2\" or the \"Company\") today announced that its Board of Directors has approved a $9,800,000 budget for 2026. The approved budget is designed to aggressively advance the Mojave Project upon receipt of the final Record of Decision, while also funding drill testing of new high-priority targets recently defined at the Si2 Project in Nevada. \"With a $9.8 million exploration budget now approved, 2026 is shaping up to be a pivotal year for K2,\" stated Anthony Margarit, President & CEO of K2 Gold. \"The Board's approval is a clear endorsement of the progress we have made across the portfolio. At Mojave, we continue to demonstrate compelling scale, with multiple kilometres of high-grade gold, copper and polymetallic gold-silver-lead-zinc trends now defined, positioning the project for a return to drilling — something our team has been working toward for several years, and which will be particularly meaningful for us. In parallel, our work at Si2 has generated a very compelling pipeline of new targets that we expect to see drill-tested in the near term, while the Wels project presents an opportunity to re-ignite value in Yukon. Together, we believe these projects place K2 in a strong position to deliver multiple discovery-oriented catalysts through 2026.\"Mojave Project - Large-Scale Polymetallic System with Multiple High-Grade TargetsMojave represents a polymetallic mineralized system, hosting a 5 km long corridor of high-grade gold mineralization in the east (Newmont - Dragonfly - Gold Valley) and 5km of strike of high-grade copper mineralization in the westMojave Sample Result Highlights:Bonanza-grade gold at the Gold Valley target, including rock samples up to 375 g/t Au and the first-ever visible gold reported at Mojave.Gold Valley lies along a 1.5 km structural trend extending north-northwest from the Dragonfly target, where K2 drilled 86.9 m of 4.0 g/t Au from surface (2020).A 5 km long copper corridor on the western side of the project, with samples from: The Stega target area which has generated grab samples up to 14.2% Cu and 15.79 g/t Au. Soda Valley target returning grab samples 2.91%, 2.61%, and 2.47% Cu and associated silver up to 125...