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K2 Gold Corporation (OTCMKTS:KTGDF) Stock Rallies After Update on Diamond Drilling

Pete Matthews , , , ,

One of the companies that was in the news yesterday was K2 Gold Corporation (OTCMKTS:KTGDF), which came up with an update with regards to its currently on-going 2023 drilling initiative at the Si2 project. The project is situated around 60 kms to the north west of Tonopah in Nevada and within the Walker Lane trend.

Trading Data

On Friday, KTGDF stock jumped 6.06% to $0.1400 with 75.08K shares, compared to volume of 13.13K shares. The stock moved within a range of $0.1400 – 0.1460 after opening trade at $0.1460.

K2 Gold Provides Update on Diamond Drilling at Si2 Gold Project, Nevada

The company announced that drilling at the property had started back on May 2, 2023 and up until now, two holes had been completed. Both those holes targeted areas which had been of interest in the Southern zone of the property. It could be a good idea to take a look at some of the highlights from the updates provided by K2 Gold yesterday.

The President and Chief Executive Officer of the company Anthony Margarit spoke about the takeaways from the drilling program so far. He noted that following the completion of the drilling of the two holes the company’s team had confirmed that the property hosted an epithermal alteration system. Both the holes were in intersected zones and that had allowed the drilling team to vector in the direction of the heart of the alteration in the southern zone of the asset.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.