K2 Gold Corp. has signed an option agreement with Orogen Royalties Inc., to earn a 100% interest, subject to a 2% NSR, in Orogen’s Si2 gold project, formerly known as the Elba project, in Nevada, US.
- 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 near Beatty, NV. The property was acquired based on its strong geological similarities to Silicon.
- Limited historic shallow drilling at Si2 located anomalous gold, and suggests the potential for a buried low-sulfidation epithermal gold deposit.
Steve Swatton, President and CEO of K2, comments:
“We are excited to add the Si2 Gold Project to K2’s portfolio and to be working in Nevada’s prolific Walker Lane Trend. Our review of the project data suggests the potential for a buried epithermal gold deposit that lies below the historic drilling with strong similarities to AngloGold Ashanti’s recently discovered Silicon project. We look forward to rapidly advancing the Si2 Gold Project in the first half of 2022.
John Robins, Chairman of K2, comments:
“Si2 represents a great opportunity for K2 to acquire a 100% interest in an exciting new gold exploration project. It is precisely this type of project that has been the key to our success within Discovery Group.”
Read the article online at: https://www.globalminingreview.com/mining/24012022/k2-options-si2-gold-project-from-orogen-royalties/