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Projects
Mojave Project
Location | Inyo County, California |
Land Package | Over 5,830 Ha of prospective ground with more than 12 exploration targets. |
Mineralization | Mineralization ranges from distal sediment-hosted oxide gold occurrences (Eastern Target Area) to proximal sediment-hosted Cu, Ag-base metal veins, polymetallic (Au-Ag-Cu-Pb-Zn) skarn, and potential Cu-Au porphyry occurrences on the western side of the property. |
The Mojave Project is a 5,830-hectare oxide gold and base metal project located in Inyo County, California. Multiple oxide gold targets beginning at surface have been successfully historically drilled at the project, most notably by Newmont and BHP. Since acquiring the property in 2019, K2 has completed geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and successfully completed a 17-hole RC drilling program focused on the Dragonfly and Newmont Zones (the Eastern Target Area). Highlights from K2’s drilling program include 4.0 g/t Au over 86.9m from surface at the Dragonfly Zone, and 1.69 g/t Au over 41.15m from 44.20m down hole at the Newmont Zone, located 2km south of Dragonfly.
Sampling at the Gold Valley target located on the east side of the property returned grab samples of 208 g/t (6.7 oz/t) gold and 32.1 g/t gold from initial prospecting. Gold Valley is located 1.5km north-northwest along the same structure as the Dragonfly target.
Mojave hosts a range of mineralization likely related to a buried pluton identified by VTEM and aeromagnetic geophysics. The pluton is believed to be the heat engine responsible for distal sediment-hosted oxide gold occurrences (Eastern Target Area) to proximal sediment-hosted Cu, Ag-base metal veins, polymetallic (Au-Ag-Cu-Pb-Zn) skarn, and potential Cu-Au porphyry occurrences on the western side of the property.
Overview of target areas at the Mojave Project
Another Milestone Soon to Be Surpassed in the EIS Process
Milestones Timeline
K2’s Plan of Operations for the Mojave Project was subject to a 60-day scoping and public comment period which closed on October 16, 2023. Since the closure of the scoping period, the BLM has been preparing a Draft EIS document which will incorporate public scoping comments and assess project alternatives.
The Draft EIS will be made available for a second round of public comment following the publication of a Notice of Availability in the Federal Register. K2 expects that the Draft EIS will be completed in early 2024.
The project is located in west-central Inyo County in the southern Inyo Mountains approximately 5.5 km east of Keeler, California, and 25km southeast of Lone Pine, California. The project is road-accessible via existing gravel roads. Multiple historical drilling programs utilized a network of drill access roads which lead to the target areas and would allow for no new disturbance upon reactivation.
The Mojave property is underlain by a Paleozoic, carbonate-dominated stratigraphic sequence of siltstone, shale, limestone, and conglomeratic units that have been subjected to multiple deformational events. The units are commonly folded and thrusted and are cut by late, steeply dipping, normal to strike-slip faults. Jurassic-aged intrusive plugs, dikes, and sills also locally disrupted the units. The property is broadly divided into the Eastern and Western Target Areas.
All mineralization at Mojave is interpreted to be part of an intrusion related polymetallic system(s), with a possible centralized magmatic source and heat engine identified beneath the Eastern Target Area by VTEM and aeromagnetic geophysics. This buried pluton is interpreted to be responsible for the extensive hydrothermal activity and mineralization observed over the >100km2 property. Mineralization ranges from distal sediment-hosted oxide gold occurrences (Eastern Target Area) to more proximal sediment-hosted copper; Ag-base metal veins; polymetallic (Au-Ag-Cu-Pb-Zn) skarn; and, potential, Cu-Au porphyry occurrences on the western side of the property.
The southern Inyo Mountains and Cerro Gordo Mining District have a lengthy history of exploration and mining, with initial exploration in the area dating back to the 1860’s. Silver was discovered at the Cerro Gordo Mines area 1.5km north of the Mojave Property in the early 1860’s, with mining and smelting operations beginning in 1865. Ore-bearing veins in the Santa Rosa area were discovered in 1910, leading to a mining operation 5km southeast of the property which ran from 1911 to 1938 with a brief hiatus from 1912 to 1915. Historical workings surround the project area, including the previously mentioned Cerro Gordo Mine (Pd-Zn-Ag intrusive-related replacement deposits), the Morning Star Mine (Au-Ag-Cu-Zn in marble) immediately north of the project, the Keeler Mine (Au-Ag veins) 1.5km southwest of the property, and the Santa Rosa Mine (Pb-Zn-Cu veins) 5km to the southeast.
Modern exploration began with the discovery of gold mineralization at Soda Ridge on the Northwest corner of the Mojave Property by Mobil in 1984. Prior to K2’s recently completed work at least eight other gold rich areas on the property had been recorded and partially investigated by exploration and mining companies, most notably Newmont and BHP. To date 145 drill holes have been completed by three companies: Newmont in 1985 (22 RC holes), Asamera in 1986 (113 RC and diamond drill holes), and BHP in 1997 (10 RC holes) on three of the nine gold targets. Other companies that have explored on the Mojave property include Great Bear Resources and SSR Mining, but the recent work by K2 is the most extensive and comprehensive since 1997. There are now 12 gold and base metal exploration targets on the Mojave property. The historical drill programs focused on three different target areas on the property, Newmont, Empire Zone and Dragonfly. Highlights of historical drill results include 1.05 g/t over 99.06m, 2.1 g/t Au over 16.8m, and 1.54 g/t Au over 24.4m.
Since acquiring the property in 2019, the Company has completed geochemical and geophysical surveys, geologic mapping, LiDAR and WorldView-3 surveys, and completed a 17-hole 2,540m RC drilling program focused on the Dragonfly and Newmont Zones. Highlights of the drilling include:
- DF20-002: 6.68 g/t Au over 45.72m from surface
- DF20-004: 7.18 g/t Au over 30.48m from surface
- NM20-011: 1.69 g/t Au over 41.15m from 44.20m down hole
- NM20-016: 1.00 g/t Au over 22.86m from 42.67m down hole
Highlights of K2 Gold’s drilling results from Dragonfly and Newmont
Target | Site ID | Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
---|---|---|---|---|---|---|
Dragonfly | DF-1 | DF20-001 | 0.00 | 18.29 | 18.29 | 3.10 |
And | 42.67 | 51.82 | 9.14 | 0.70 | ||
And | 102.11 | 108.20 | 6.10 | 1.11 | ||
Envelope of Alt. | 0.00 | 51.82 | 51.82 | 1.23 | ||
DF20-002 | 0.00 | 45.72 | 45.72 | 6.68 | ||
Including | 9.14 | 33.53 | 24.38 | 10.93 | ||
And | 67.06 | 86.87 | 19.81 | 2.18 | ||
And | 161.54 | 164.59 | 3.05 | 1.02 | ||
Envelope of Alt. | 0.00 | 86.87 | 86.87 | 4.02 | ||
DF20-003 | 3.05 | 21.34 | 18.29 | 3.21 | ||
And | 53.34 | 65.53 | 12.19 | 2.29 | ||
And | 109.73 | 120.40 | 10.67 | 0.86 | ||
And | 134.11 | 146.30 | 12.19 | 1.24 | ||
Envelope of Alt. | 3.05 | 65.53 | 62.48 | 1.40 | ||
DF20-004 | 0 | 30.48 | 30.48 | 7.18 | ||
Including | 7.62 | 22.86 | 15.24 | 11.12 | ||
And | 59.44 | 76.20 | 16.72 | 1.86 | ||
And | 108.20 | 117.35 | 9.12 | 1.23 | ||
Envelope of Alt. | 0.00 | 76.20 | 76.20 | 3.27 | ||
DF-2 | DF20-005 | 13.72 | 22.86 | 9.12 | 0.65 | |
DF20-006 | 1.52 | 25.91 | 24.32 | 0.21 | ||
And | 71.63 | 82.3 | 10.64 | 0.58 | ||
DF20-007 | 21.34 | 35.05 | 13.72 | 0.49 | ||
DF20-008 | NSV | |||||
Newmont | NM-1 | NM20-009 | 53.34 | 73.15 | 19.81 | 0.66 |
Including | 68.58 | 73.15 | 4.57 | 1.99 | ||
NM20-010 | 65.53 | 89.92 | 24.38 | 0.64 | ||
NM20-011 | 44.20 | 85.34 | 41.15 | 1.64 | ||
Including | 48.77 | 65.53 | 16.76 | 2.03 | ||
And | 71.63 | 82.30 | 10.67 | 2.36 | ||
NM20-012 | 54.86 | 82.30 | 27.43 | 0.56 | ||
NM20-013 | 53.34 | 56.39 | 3.05 | 1.38 | ||
NM-2 | NM20-014 | 35.05 | 41.15 | 6.10 | 1.58 | |
And | 79.25 | 86.87 | 7.62 | 2.35 | ||
NM20-015 | 39.62 | 60.96 | 21.34 | 0.68 | ||
Including | 42.67 | 51.82 | 9.14 | 1.43 | ||
NM20-016 | 42.67 | 65.53 | 22.86 | 1.00 | ||
Including | 44.20 | 54.86 | 10.67 | 2.01 | ||
NM20-017 | 42.67 | 62.48 | 19.81 | 0.82 | ||
Including | 51.82 | 59.44 | 7.62 | 1.87 |
Highlights of historical drilling results from Newmont, East Zone and Dragonfly
Target | Hole ID | From (m) | To (m) | Int (m) | Au (g/t) |
---|---|---|---|---|---|
Newmont | CGL-1 | 8.23 | 11.28 | 1.52 | 8.23 |
CGL-3 | 38.40 | 55.17 | 16.76 | 2.08 | |
CGL-12 | 208.79 | 225.55 | 16.76 | 1.09 | |
CGL-19 | 74.68 | 99.06 | 24.38 | 0.91 | |
Incl. | 74.68 | 80.78 | 6.10 | 3.07 | |
CM97-9 | 120.40 | 135.64 | 15.24 | 1.00 | |
East | CGL-8 | 51.816 | 56.388 | 4.572 | 1.82 |
Dragonfly | CM97-3 | 47.24 | 53.34 | 6.10 | 2.00 |
And | 163.07 | 172.20 | 9.13 | 1.17 | |
CM97-4 | 0.00 | 24.38 | 24.38 | 1.54 | |
Incl. | 16.76 | 22.86 | 4.95 | 6.10 | |
And | 42.67 | 54.86 | 12.19 | 3.84 | |
And | 88.59 | 97.54 | 9.14 | 1.55 | |
CM97-5 | 146.30 | 158.50 | 12.20 | 1.48 |