Mojave Project


Inyo County, California

Land Package

More than 12 exploration targets with only 2 drilled by previous ownership, over a 5,830 hectares.

Minerlization consists of

Sediment-hosted oxide gold, that is structurally controlled silver – base metal +/- gold. Potential for Cu-Au Porphyry mineralization on western side of project.

  • 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 intrusive plug, dikes, and sills also locally disrupted the units.

    Gold mineralization was first discovered 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, the Company has completed geochemical and geophysical surveys, geologic mapping LiDAR, a World-View 3 alteration survey, and completed a 17 hole – 2540m RC drilling program focused on the Dragonfly and Newmont Zones.

    • Mojave was BHP’s last remaining gold property in N. America before exiting gold exploration and mining worldwide
    • Historical drilling by Newmont BHP, & Asamera - ore grade economic intersections from surface - ~ 145 holes total (25 holes drilled by Newmont and 10 by BHP, every hole intersected mineralization)
    • Internal resource estimates (historic and non 43-101 compliant)) by Newmont and Great Bear Resources on only 2 of 8 currently identified gold targets. BHP internal report very ‘optimistic’
    • Project area rescinded from Wilderness Study Area in mid 90’s because of the mineral potential (by Democrat Senator Feinstein). Negotiated withdrawal to facilitate formation of Death Valley National Park
    • Local government actively looking to diversify economy beyond tourism, leisure and recreation which accounts for >50% of employment in Inyo County

Recent Drill Results

Chronology of the Mojave Project

  • Early 1900s

    Vein base metal mining in the Stega/Keeler area

  • 1940 - 1960s

    Keeler Gold mine (intermittent operation) Total production unreported <0.5 Moz

  • 1980s

    Simultaneous exploration on east * west flanks (property consolidated in the 90's)

    • West - discoverd by Mobil (1984) and worked on by Asamera (drill -113 short holes)
    • East - Newmont (Newmont drills 25 holes in Newmont zone)
    • Historical resource (non-compliant) 174,000 oz @ 2.01 g/t Au; Newmont Zone (based on 8 holes)
  • 1994

    Senator Feinstein removed Mojave from the Wilderness Study Area because of its apparent mineral potential

  • 1996-1998

    BHP drilled 10 holes - Dragonfly. Internal report very positive

  • 1998 - 2004

    Property in litigation, Vendor prevails

  • 2008 - 2009

    Timberline compilation work, no drilling

  • 2011

    Sungro Minerals - Compiled previous work and authoured Technical Report, not publ. No Exploration

  • 2013 - 2015

    Great Bear Resources - Trenching and Sampling 43m@4 g/t Dragonfly. Undrilled

  • 2015 - 2018

    SSR - Limited rock sampling and airborne Geophysics

  • 2019

    K2 Gold Aquires Property

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