K2 Gold - High-Grade Step-Outs Expanding The Dragonfly Zone, Mojave Project: 27.43m of 4.03 g/t Au

The KE Report Sep 10, 2026 9:19

Summary

K2 Gold's Dragonfly step-out (drilling beyond the known footprint) returned 27.4m at 4.08 g/t gold, extending the system 40m.

Multi-gram intercepts in this oxide gold setting outpace the 0.6 to 0.8 g/t grade typical at operating oxide mines.

Arsenic geochemistry is vectoring K2 Gold's surface mineralization toward deeper, higher-grade down-dip hits.

Rigs have shifted roughly 3km south to the Newmont target area within a 14,000m first-phase program on the Eastside Gold Trend.

Drill assays are expected to flow every two weeks on a pad-by-pad basis, with about 15 holes pending at the lab.

The 'Newmont target area' is being drilled now and sits roughly 3 km from the Dragonfly zone; no assays have been reported from it yet.

Headline step-out at Dragonfly returned 27.4m at 4.08 g/t gold from a hole collared 40m beyond prior drilling, extending the known mineralized system.
Hole 24 also cut 3m at 17.5 g/t gold; Margarit suggests this could be the down-dip projection of near-surface mineralization (up to 0.9 g/t) seen in the earlier release.
Margarit argues the system is multiple parallel stacked structures rather than a single vein, with geometry 'coming into focus' and potential to widen at depth.
The mineralization is oxide-hosted; Margarit contrasts the multi-gram intercepts with typical oxide producers running 0.6–0.8 g/t gold.
First-phase program is 14,000m of drilling on the Eastside Gold Trend (part of the larger Mojave Project in California); 7 holes released so far with roughly 15 more in the lab, and assays expected on about a two-week cadence.

Top takeaway Fleck frames the discussion around the 27.4m headline intercept and presses Margarit on the stacked-structure thesis and how the project compares to known oxide producers.
Signals he will keep following up as more holes are released, and notes results have been arriving on roughly a two-week cadence.

Top takeaway Argues the Dragonfly system is a series of parallel stacked structures rather than a single vein, supported by arsenic geochemistry tying near-surface mineralization to deeper intercepts.
Frames the multi-gram oxide intercepts as unusually rich versus oxide producers averaging 0.6–0.8 g/t gold.
Cautious on resource sizing — calling it 'early days' — but expects the 14,000m Eastside Gold Trend program to clarify the system's scale and width at depth.
Points to a roughly two-week assay cadence and ~15 holes still in the lab as evidence that positive news flow will continue.
Notes the rig has moved ~3 km south to the Newmont target area to test the broader Mojave Project, with no assays back yet but visual encouragement in the core.