Location

The 890-hectare Hot Tip property is located in central Nevada, 250 kilometres northwest of Las Vegas. The claims are located on road-accessible BLM land in Railroad Valley, 20 kilometres south of US Highway 6 on the eastern edge of the Pancake Range.

Overview

Hot Tip consists of gold-poor, advanced argillic alteration that—like the Silicon deposit—Orogen interprets as a steam cap overlying possible gold and silver mineralization at depth. A central zone of alunite-pyrite alteration is contained within a zone of kaolinite that measures approximately 5 kilometres in diameter. The alunite-pyrite alteration is centered on a graben which Orogen believes is the main structural control of the system, within which epithermal fluids may have risen, boiled, and deposited precious metals. Intense silicification is also widespread in many areas adjacent to the central alunite-pyrite core.

The scale of the target at Hot Tip is increased by a large chargeability anomaly that corresponds to and extends beyond the core of alunite-pyrite alteration. The outcropping area of this alteration is about a kilometer by 400 meters, but the size of the chargeability anomaly suggests that it is in fact one kilometer by two kilometers and is tightly situated within the main graben. Historical drilling peripheral to this area returned up to 24 metres at 0.38 grams per tonne gold, confirming that the system is gold-bearing. The alteration cell is also open under alluvial cover for a distance of at least three kilometres to the south, as evidenced by an inselberg of silicified and bleached volcanic rock that bears visible cinnabar, underscoring the district-scale potential of the property.