K2 Gold Corporation (TSXV: KTO) has obtained promising results from its 2022 rock chip sampling program at K2’s Si2 Gold Project in Nevada, USA.
Key Point Summary
- Rock chip sampling outlines strong mercury anomalism across multiple alteration cells on the Si2 Property.
- Mercury in rock values are similar in tenor to those observed at AngloGold Ashanti’s Silicon deposit, over a similar scale at surface.
- High mercury values are coincident with observed NE-trending structural control. The best mercury values are found where strong steam-heated advanced argillic alteration overlies mapped and interpreted NE-trending structures. K2 believes these structures are priority drill targets.
“Since acquiring the Si2 project in late January, our goal has been to rapidly advance the project to drill-ready status using a systematic strategy based on sound fundamental geologic and geophysical field work,” President and CEO, Anthony Margarit, said.
“The rock sampling results have clearly demonstrated that the Si2 hydrothermal system is extensive, exhibiting strong advanced argillic alteration and mercury anomalism at all key target areas.
“With the completion of the IP Survey our 2022 exploration program at Si2 is now complete. We look forward to incorporating this final information into our dataset and finalizing targeting for a Q1 2023 drill programme.”
Si2 hosts a large, eight sq. km steam heated alteration footprint interpreted to represent the upper levels of a buried gold-bearing epithermal system. The company collected 308 rock samples over areas of strong advanced argillic alteration at the property to define potential fluid pathways indicative of a structurally controlled epithermal system at depth. Ninety-five samples of 308 returned mercury (Hg) values greater than 0.5 ppm over multiple large alteration cells identified by K2’s alteration mapping. In addition, a northeast trending fault structure hosting hydrothermal black pyrite-matrix breccia was found to host significant arsenic (As) and antimony (Sb) anomalism, suggesting the paleo water table was at present day surface in some locations and indicating that the boiling zone, or level of precious metal mineralization, may be relatively close to present-day surface.
Fault Controlled Mercury Anomalism at Surface.
Next Steps
Following the completion of an orientation IP survey, the Company will construct a geologic model defining targets for a 2023 drill program. As the results of the IP and ELF surveys become available and are interpreted, they will be released to market.
K2 will proceed with preparing a Notice of Intent for submission to the Federal Bureau of Land Management (BLM) to support drilling activities.
For further information please visit: https://k2gold.com/
