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Avidian Encounters Additional Zones of Gold Mineralization at Amanita, Including 1.30 g/t Au over 24.21 m of Near-Surface Oxide Mineralization
March 8, 2021 GMT
TORONTO, ON / ACCESSWIRE / March 8, 2021 / Avidian Gold Corp. (“Avidian” or the “Company”) (TSXV:AVG)(OTCQB:AVGDF) is pleased to provide assay results for the balance (seven holes) of its nine-hole 2020 oriented core drilling campaign at the Amanita property located 5 kilometres south and contiguous to Kinross Gold’s (K) Fort Knox mine in the Fairbanks Mining District, Alaska (Figure 1).
Gold mineralization was encountered in all holes, with the highlight being 24.21 m of 1.30 g/t Au in hole AM20-03. This intersection occurs approximately 60 m below surface, is comprised of oxide gold mineralization and includes a higher grade intersection of 5.77 m of 2.64 g/t Au. It appears to represent a second major mineralized trend p
Avidian Encounters Additional Zones of Gold Mineralization at Amanita, Including 1 30 g/t Au over 24 21 m of Near-Surface Oxide Mineralization
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Avidian Encounters Additional Zones of Gold Mineralization at Amanita, Including 1 30 g/t Au over 24 21 m of Near-Surface Oxide Mineralization
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Avidian Gold Corp.: Avidian Initiates Permitting Process to Drill at Amanita
TORONTO, ON / ACCESSWIRE / January 27, 2021 / Avidian Gold Corp. ( Avidian or the Company ) (TSXV:AVG) & (OTCQB:AVGDF) is pleased to announce that it has initiated the permitting process for the 2021 drill program at its 100% owned Amanita Project located in the Fairbanks Mining District. The prime objective of the 2021 drill program will be delineation drilling of the NE-SW striking mineralized trend intersected in hole AM20-02 (Avidian Press Release dated December 17, 2020). A secondary objective is to test the sub parallel mineralized zone to the immediate south of AM20-02 and continue testing additional exploration targets identified at Amanita. The Amanita property is located 5 kilometres southwest and contiguous to Kinross Gold s (TSX: K) Fort Knox mine.
Avidian Gold Corp.: Avidian Reports Amanita Drill Results from First Two Holes Including, 27.22 m of 3.11 g/t Au in Hole AM20-02 Intersected Below 27.0 m of 4.22g/t Au in Trench D-West
13.30
All assays reported in this table are presented in core length as at this time there is insufficient data with respect to the orientation of the mineralized intersections to calculate true widths.
AM20-01 was designed to pass under the north-trending intersection of
22.5 m of 11.51 g/t Au in Trench C-North (see Press Release of January 7, 2020) and intercept this zone at a vertical depth of approximately 50 m. However, the upper 75 m of AM20-01 are structurally complex and movement along these structures is likely to have displaced the mineralization as no significant mineralization was intercepted in the upper part of the hole. The NE striking mineral trend (see Figure 2) approaches AM20-01 as it has been tested by historical RC hole AH-14 which intersected 16.76 m @ 1.03 g/t Au at a depth