K2 Gold (TSXV:KTO) - High-Grade Mojave Project Nears Major Drilling Breakthrough

Interview with Anthony Margarit, President & CEO of K2 Gold

Our previous interview: https://www.cruxinvestor.com/posts/k2-gold-kto-ma-in-nevada-is-focus-1479

Recording date: 28th August 2025

K2 Gold Corporation (TSXV: KTO) stands on the verge of a significant milestone as its flagship Mojave project in California approaches final Environmental Impact Statement (EIS) permitting approval. The company's 6,000-hectare polymetallic project has delivered exceptional drill results, including a standout intersection of 86.9 meters at 4 grams per ton gold, positioning it as one of the more promising exploration stories in North American mining.

Under CEO Anthony Margarit, a geologist with a proven track record including early involvement in Rio Tinto's Diavik diamond mine discovery, K2 has strategically navigated the complex EIS permitting process—the highest level of environmental permitting in the United States. The company recently received encouraging news when the Bureau of Land Management identified K2's plan of operations as their preferred alternative in the draft EIS, representing a crucial pre-decision milestone.

The upcoming drilling program spans 30,000 meters across 120 holes on 30 pads, designed to test mineralization continuity along a 5-kilometer gold trend. Recent surface sampling has yielded spectacular results, with samples reaching 374 grams per ton gold on the same structural system. The project's polymetallic nature extends beyond gold to include four copper targets, one spanning nearly 5 kilometers, plus four silver-lead-zinc targets.

Financially, K2 has positioned itself strategically with approximately $13 million in outstanding warrants, many expiring October 1st. Management expresses high confidence that warrant exercises will fully fund the drilling program without dilutive equity raises. The project benefits from its location adjacent to the historic Cerro Gordo mine, California's largest 19th-century silver producer, validating the district's mineral potential.

With EIS approval expected imminently, K2 Gold represents a compelling exploration opportunity combining exceptional grades, strategic permitting progress, and built-in financing within a proven mining district.

View K2 Gold's company profile: https://www.cruxinvestor.com/companies/k2-gold-corporation

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