Epithermal target beneath a steam-heated cap in the Walker Lane
Location
The Celts property consists of 67 claims on BLM ground located 13 kilometres northeast of Goldfield (Historic production of 4.2 Moz gold and 1.5 Moz Silver). Celts is within the highly prospective Walker Lane trend of epithermal deposits, Nevada.
Overview
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 (4.2 Moz gold resource, Orogen 1% NSR).