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K2 Gold Submits Notice of Intent and Secures Diamond Drill for Si2 Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - K2 Gold Corporation (TSXV: KT...
About this update from K2 Gold Corporation
[{"type":"text","content":"K2 Gold Submits Notice of Intent and Secures Diamond Drill for Si2 Project, NevadaVancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (\"K2\" or the \"Company\") is pleased to announce that it has submitted a Notice of Intent (\"NOI\") to the Bureau of Land Management (\"BLM\") to begin drilling at the Si2 Gold Project. The NOI covers the preparation of up to 15 drill sites with hole depths of up to 600m each, for which the Company has secured a diamond drill from Big Sky Exploration.The targets at Si2 exhibit many characteristics of a preserved mineralized epithermal system. K2's initial drill program is designed to drill test steeply dipping faults which act as the plumbing for large, steam-heated alteration zones. Faults on the property which are found adjacent to, and within the alteration zones have been confirmed as key fluid pathways through multiple geological, geochemical, geophysical surveys (Figure 1). These structures appear to control the extensive steam-heated alteration observed at surface and may be indicative of a preserved epithermal system.\"The targets at Si2 are indicative of a preserved epithermal system. Many of the characteristics they exhibit are similar to those initially observed at AngloGold Ashanti's Silicon project - where a 3.37 Moz Au resource was announced in 2022 - prior to drilling and discovery. Since acquiring the Si2 project in January 2022, our team has rapidly developed targets based on geologic, geochemical, and geophysical evidence compiled using numerous methods. We plan to test the highest-ranking targets and are focusing on potential areas of precious mineral enrichment in the \"boiling zone\" of the epithermal system which we believe may lie at depth beneath the alteration we see at surface at Si2.\", stated Anthony Margarit, President and CEO of K2 Gold.Figure 1: Plan map of WorldView 3 alteration hotspots and planned drill sites at the Si2 Gold Project.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6578/155530_e87b092ef4a62898_002full.jpgAbout the Si2 ProjectThe 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). The project is ...