K2 Gold Corporation’s (TSXV: KTO) 2023 diamond drilling programme at the Si2 Gold Project in Nevada is underway.
“Since acquiring the Si2 project in January 2022 the Team at K2 has rapidly advanced the understanding of the project geology and defined very compelling targets,” President and CEO, Anthony Margarit, said.
“We are excited to get this drill program underway. The aim of the program is to test fault structures which control the extensive steam-heated surficial alteration we see at surface. We are targeting these structures at depth in order to sample the potentially gold bearing ‘boiling zone’ of the epithermal system.”
The 2023 drilling programme will consist of a minimum of 2,500m of diamond drill core. Drilling will focus on the “area of interest” (AOI) AOI1, AOI1.5, and AOI2 target areas.
The drill holes are designed to intersect steeply northwest-dipping fault structures which control the extensive steam-heated alteration and mercury anomalism mapped and sampled by K2 at surface.
These fault structures are interpreted to be the main fluid pathways within the system which may have transported mineralizing hydrothermal fluids. The faults will be tested at depths of a minimum of 100m below surface, and deeper.
About the Si2 Project
The Si2 Gold Project is located in Esmeralda County, Nevada, approximately 60km northwest of Tonopah, Nevada, and 20km northwest of Allegiant Gold’s Eastside deposit (1.4Moz Au, 8.8 Moz Ag).
For further information please visit: https://k2gold.com/
