Project Generation

Overview

The Si2 project covers the northeast four square-kilometres of a large steam heated alteration cell hosted by a rhyolite flow dome complex. Alteration at surface is dominated by pervasive alunite and chalcedony replacement of breccias associated with highly anomalous mercury. Breccias and altered domes define an annular zone cored by a large recessive area covered by shallow alluvium. Small, altered exposures in the central portion of the target include milled hydrothermal breccias with leached silica textures and cross-cutting chalcedonic silica veins. 

In 2023, K2 completed a four-hole 1,777 metre drill program on the project designed to test fault structures thought to control the steam-heated alteration observed at surface. These holes intersected alteration consistent with an epithermal system including broad zones of silicification accompanied by disseminated pyrite, quartz-pyrite veinlets, as well as discrete intervals of black quartz-pyrite matrix breccia. Assay results returned broad weakly anomalous gold intercepts (up to 185 metres). These results demonstrate the gold bearing potential of the system with hole SD-23-001 ending in 3.2 metres of 0.52 g/t gold. 

K2 plans to follow up on these encouraging results using vectors, including hyperspectral data collected in collaboration with Orogen’s industry leading technical team, from the past drilling to target structural zones with potentially higher gold grades.