TSX-V-listed K2 Gold has signed an option agreement to acquire a 100% interest in the Cerro Gordo project, adjacent to its Mojave project, in California.
President and CEO Steve Swatton says that the addition of Cerro Gordo complements the work that K2 is doing at Mojave and provides the company with a road-accessible property.
“As we continue to define additional copper and gold targets at Mojave in anticipation of receipt of the Phase 2 drill permit, the company can work in parallel on defining drill targets for immediate access at Cerro Gordo and build on our understanding of the mineral controls of the entire project area,” he says.
The Cerro Gordo property consists of 59 lode claims and five patented claims covering about 360 ha. The property is is located on the north-west corner of the Mojave property, covering numerous historic workings for gold and silver-base metals.