Business
Avidian Drills 67 m of 4.93 g/t Au, includes 39.8 m of 7.54 g/t Au, at Golden Zone Property, Alaska & Discovers New Zone Northeast of the Breccia Pipe Deposit
TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report the results from its 2017 drillin
About this update from Avidian Gold Corp.
[{"type":"text","content":"TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report the results from its 2017 drilling program at the 100% owned Golden Zone project, Alaska. Highlight results include: 2017 drill intersections in and within the immediate vicinity of the Breccia Pipe Deposit include:• 67 m of 4.93 g/t Au (sulphide breccia)• 70.6 m of 2.03 g/t Au (silica breccia)• 28 m of 2.19 g/t Au (sulphide breccia)• 50 m of 0.73 g/t Au (host monzodiorite intrusive)• 64 m of 0.65 g/t Au (BLT shear zone) The latter two intersections occur outside the presently defined mineral resource. 2017 drilling discovered a previously unknown mineralized conglomeratic unit in hole GZ17-10 approximately 300 m northeast of the Breccia Pipe Deposit; this unit returned 21.6 m of 1.46 g/t Au, is open in all directions and represents a new mineralized stratigraphic target. A 2017 drill hole at the Riverside occurrence returned multiple intercepts of > 1 g/t Au along with 3.4 m of 4.23 g/t Au (including 1.0 m of 12.2 g/t Au) associated with a quartz feldspar porphyry that can be traced over 1 km in length that has not been drill tested. Dino Titaro, President & CEO states: “Despite over 26,000 m of historical drilling, most of which has been focused along a 300 m strike length (on the Breccia Pipe Deposit) of an 8 km long mineralized trend, the results from the 2017 initial drill program show that: i) the mineral resource of the deposit has not been completely drill evaluated and remains open at depth and along strike; 2) the porphyry body hosting the deposit is mineralized and has not been adequately drill tested as it remains open in all directions; and 3) additional gold mineralization occurs within the immediate vicinity of the deposit that could expand the current mineral resource. Additionally, new mineralization was encountered in a drill hole located approximately 3 km north of the deposit. Of high significance is the discovery of disseminated mineralization in hole GZ17-10 within a conglomeratic unit; this could not only expand the current resource, but it also demonstrates that this style of mineralization has been under-appreciated given the large amount of conglomerates on the property, some of which we...