- K2 Gold Corp. (KTO) released the results of the rock chip sampling program from its Si2 Gold Project
- Mercury in rock values was similar to those observed at AngloGold’s (NYSE:AU) silicon deposit over a similar scale at surface
- High mercury values were coincident with observed northeast-trending structural control
- K2 Gold (KTO) is unchanged, trading at $0.09 per share as of 12:25 p.m. ET
K2 Gold Corp. (KTO) released the results of the rock chip sampling program from its Si2 Gold Project.
Rock chip sampling outlined strong mercury anomalism across multiple alteration cells on the Si2 property.
Mercury in rock values was similar to those observed at AngloGold’s (NYSE:AU) silicon deposit over a similar scale at surface.
High mercury values were coincident with observed northeast-trending structural control. The best mercury values are found where strong steam-heated advanced argillic alteration overlies mapped and interpreted structures. The company believes these structures are priority drill targets.
K2’s President and CEO, Anthony Margarit, stated that since acquiring the Si2 project in late January, the 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.
“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 program.”
After an orientation IP survey is complete, the company plans to construct a geologic model defining targets for next year’s drill program. Results of induced polarization and extremely low-frequency surveys will become available after they are interpreted.
Located 60 km northwest of Tonopah, Nevada, Si2 hosts a large (8 km2) alteration cell interpreted to represent the upper, steam-heated level of a buried gold-bearing epithermal system.
K2 Gold Corp. (KTO) is a gold exploration company with projects in the southwestern USA and Yukon. Along with the Si2 project, K2 is focused on the Wels project in Yukon and the Mojave property in California. Mojave is a 58.3 sq. km. oxide gold project with base metal targets.
K2 Gold (KTO) is unchanged, trading at $0.09 per share as of 12:25 p.m. ET.
