K2 Gold (TSX-V: KTO) reported results from the final four holes of the first phase of drilling at the Dragonfly Zone on its 100% owned Mojave Project. Hole DF26-031, drilled from pad DF-M about 94m north of K2's 2020 high-grade intercept, cut 83.82m of 3.40 g/t Au from surface, including 48.77m of 4.98 g/t Au; the hole was abandoned due to difficult drilling conditions. Holes DF26-029 and DF26-030 validated BHP's 1997 results, returning 38.10m of 1.38 g/t Au and 100.58m of 1.01 g/t Au from surface. K2 has completed 42 holes totalling 8,013m in its fully permitted and funded 14,000m program, with 27 holes at Newmont awaiting assays, and all 15 holes reported at Dragonfly have intersected high-grade oxide gold mineralization.
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