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K2 Gold's IP Survey Defines High Priority Drill Targets at Si2 Project, Nevada, USA
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2022) - K2 Gold Corporation (TSXV: KTO...
About this update from K2 Gold Corporation
[{"type":"text","content":"K2 Gold's IP Survey Defines High Priority Drill Targets at Si2 Project, Nevada, USAVancouver, British Columbia--(Newsfile Corp. - December 6, 2022) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (\"K2\" or the \"Company\") today announced the results of its 2022 orientation IP survey at its Si2 Gold Project (\"Si2\"), located 60 km northwest of Tonopah Nevada. Key Point SummaryIdentification of discrete, well defined IP anomalies: two lines of inline pole-dipole Induced Polarization (IP) survey revealed coincident resistivity and chargeability anomalies in multiple target areas. IP anomalies identified in the near surface are coincident with mapped and observed features of the upper steam heated levels of an epithermal system including:The broadest and strongest areas of advanced argillic alteration mapped at surface. Northeast trending faults, including those which host residual, powdery silica (AOI2) and preserved black pyrite-matrix breccia with arsenic and antimony anomalism (AOI1.5).High tenor mercury in rock samples. K2 interprets coincident resistive and chargeable anomalies in the IP survey as areas of potential silicification and sulphide = High Priority Drill Targets. Drill targets have been generated; plans are underway for a drill program in early 2023.Anthony Margarit, K2's President and CEO, stated, \"The exploration pathway at our Si2 project has rapidly accelerated and continues to deliver positive results as we advance through each exploration phase. The results of the IP survey are incredibly encouraging, with the identification of multiple coincident chargeability and resistivity anomalies that appear to be related to controlling faults mapped by K2 at surface. Now, with multiple sets of geophysical data, supported by geologic evidence on surface, we believe we have generated very compelling targets. I anticipate drilling to commence at Si2 by Q2 of 2023.\"Si2 hosts a large, 8 km2 steam heated alteration cell interpreted to represent the upper levels of a buried gold-bearing epithermal system. To date the Company has completed exploration work including:Hyperspectral remote sensing imagery (WorldView3) which defined broad areas of high-level advanced argillic alteration.Ground magnetic survey covering the entire project area which identified multiple interpreted fault structures.308 rock samples a...