Epithermal target beneath a steam-heated cap in the Walker Lane
The Celts property contains a central Tertiary rhyolite dome. Advanced argillic alteration within the dome, covering a 600-metre-diameter area, constitutes a potential steam-heated alteration cap. Mercury is anomalous in the southern part of the cell. The steam-heated cell may overlie a boiling zone comprising the untested core of a low-sulfidation style gold system. Gold-bearing low-sulfidation quartz veins located one to two kilometres from the steam cap, at lower elevations, provide evidence of a gold-fertile hydrothermal system and define an approximately eight square-kilometre district-scale play. The steam cap, Orogen’s principal target, is undrilled. Celts has a similar surface expression to AngloGold Ashanti’s Silicon deposit (3.37 Moz gold resource, Orogen 1% NSR).