Si2 Gold Project

Location

Esmeralda County, Nevada

Land Package

Road accessible and consists of 65 BLM lode claims covering 543 Ha.

Minerlization

Steam heated alunite-kaolinite-buddingtonite alteration within a sequence of felsic to intermediate volcanic rocks with brecciation and strongly anomalous mercury.

  • 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). The project is road accessible and consists of 65 BLM lode claims covering 543 Ha. The claims cover an 8 km2 area of steam heated alunite-kaolinite-buddingtonite alteration within a sequence of felsic to intermediate volcanic rocks with brecciation and strongly anomalous mercury. The alteration appears to be focused along an arcuate set of structures within a series strongly altered rhyolitic domes and is interpreted to represent a high-level setting within a low-sulfidation epithermal gold-silver system. In this type of geologic setting there is typically minimal anomalous gold mineralization at surface, however, gold grades may increase at depth along controlling structures at critical locations in the hydrothermal system (i.e. boiling zones). The Si2 Gold Project was initially identified by the same exploration team that identified AngloGold Ashanti’s Silicon project near Beatty, Nevada, and was staked based on its strong geological similarities to Silicon. The property is currently surrounded by claims held by AngloGold Ashanti, with exception to a small block of claims held by Hecla Mining immediately southwest of the Si2 Gold Project.

    There is limited historic exploration in the project area including minor geologic mapping, rock sampling, alteration studies, and 22 historic RC holes drilled in 1988-89. The bulk of the drilling was focused to the southwest of the Si2 Gold Project on claims currently held by Hecla Mining and targeted silicified ribs cutting andesite. Only three of the historic holes are located on the Si2 Gold Project and reach a maximum depth of 115.82m (380 ft) and reportedly encountered narrow intervals of anomalous mercury and gold (up to 0.3 g/t Au); supporting the current geologic interpretation.

    • The Si2 Gold Project is a potential analogue to AngloGold Ashanti’s Silicon project (one of Nevada’s significant new gold discoveries).
    • Si2 was initially identified and staked by the same exploration team that discovered AngloGold Ashanti’s Silicon project (3.3 Million Ounce Resource) near Beatty, NV.  The property was acquired based on its strong geological similarities to the Silicon project.
    • Hecla Mining controls the adjoining property immediately to the south, and AngloGold Ashanti has staked a significant block of claims surrounding both K2 and Hecla's claims. 
    • Limited historic shallow drilling at Si2 located anomalous gold, and suggests the potential for a buried low-sulphidation epithermal gold deposit.
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