K2 Gold Announces Exercise of 9.3 Million Warrants to Advance the Mojave Project

Core Viewpoint - K2 Gold Corporation has exercised 9.3 million share purchase warrants, raising CAD$2,789,700 to fund the upcoming drill program at the Mojave Project, indicating strong insider confidence in the project's potential [1][2][3]. Financial Summary - The exercise of 9.299 million warrants at an exercise price of CAD$0.30 has provided a cash infusion of CAD$2,789,700 [1]. - The financing positions K2 Gold well for its drilling activities at the Mojave Project, which is fully owned by the company [1]. Project Overview - The Mojave Project is a 5,830-hectare oxide gold project located in Inyo County, California, with a history of successful drilling by major companies like Newmont and BHP [7]. - Previous drilling results include significant intersections such as 86.9m of 4.0 g/t Au, with a notable 45.7m of 6.7 g/t Au from surface to 45.72m in hole DF20-0021 [3][4]. - The project has identified multiple undrilled targets and widespread gold mineralization over a structural corridor exceeding 5 km [4]. Insider Commitment - A significant portion of the warrants was exercised by company insiders, reflecting their confidence in the Mojave Project's upside potential [2]. Future Plans - K2 Gold is prepared to commence drilling upon receiving the necessary permits, aiming to unlock the value of the Mojave Project [3].