K2 Gold reports 97.10 percent solubility. K2 Gold stock sits 16.84 percent below its high

Published on 10/07/2026 at 05:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cashu Research set a CAD 1.25 target on September 15, 2026. For K2 Gold stock, drilling spans 14,000 meters with 16 assays pending.

KTO, CA50117M1068, Illustration mit AI erstellt.

K2 Gold Corporation reported a 97.10 percent soluble-gold-to-fire-assay-gold ratio from 211 samples taken from seven Dragonfly holes at Mojave on September 16, 2026, while K2 Gold stock sits 16.84 percent below its 52-week high. The result gives the exploration story a technical angle, but the next stage remains metallurgical testing rather than mine development.

Soluble gold reaches 97.10 percent

According to GlobeNewswire on September 16, 2026, the 2026 samples produced a 97.10 percent aggregate AuCN/AuFA ratio, compared with 95.00 percent from 206 selected check samples collected in 2020. Individual 2026 hole ratios ranged from 93.40 percent to 99.90 percent.

The same release said K2 plans a representative bottle-roll program to examine gold extraction, reagent consumption and particle-size effects. The company cautioned that the selected samples should not be treated as representative of all drilled material, and that further metallurgical work is required before processing performance or potential recovery can be assessed.

Drilling remains the market catalyst

Cashu Research's September 15, 2026 initiation report describes a fully permitted and funded 14,000-meter Mojave campaign. Cashu Research assigned a Speculative Buy rating and a 12-month CAD 1.25 price target against a CAD 0.84 verified close on September 14, 2026.

The report also identified the early-stage nature of the project: Mojave had no mineral resource or reserve, true widths remained unknown and metallurgy had not been established. Those constraints matter because drill widths and preliminary solubility ratios do not yet establish an economic deposit.

As of September 9, K2 had completed 23 holes covering 4,182 meters, with 16 additional results pending, according to Yahoo Finance. The pending assays and the planned bottle-roll work therefore provide two distinct tests of the Mojave thesis: continuity of mineralization and potential processing response.

Stock remains below its yearly high

KTO.V was last at CAD 0.79 on the TSX Venture Exchange on October 6, 2026 at 3:58 p.m. EDT. The CAD 0.35 to CAD 0.95 52-week range places the quote 16.84 percent below the high, while market capitalization stood at CAD 123.9 million on the same date.

For investors, the key distinction is between exploration success and a defined resource. K2's reported 97.10 percent ratio is higher than its 95.00 percent 2020 comparison, yet the company still needs broader testing and additional drilling to connect technical results with a development case.

The further course of trading is shown by the continuously updated real-time quote of K2 Gold stock.