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Avidian Drills 9.1 m of 8.71 g/t Au, 80.8 g/t Ag and 3.57% Cu at the Copper King prospect, Golden Zone Project, Alaska
TORONTO, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report results from the first of three d
About this update from Avidian Gold Corp.
[{"type":"text","content":" TORONTO, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report results from the first of three drill holes at the Copper King prospect from its ongoing drill program at the 100% owned Golden Zone project in Alaska. Exploration Highlights Hole CK18-01 intersected 9.1 metres (m) grading 8.71 grams/tonne (g/t) Au, 80.8 g/t Ag and 3.57% Cu from 3.9 m to 13.0 m. A surface trench (T18-09) located in the same vicinity as hole CK18-01 returned 30.0 m grading 2.24 g/t Au, 67.2 g/t Ag and 2.79% Cu. Trench (T18-05) located approximately 750 m to the south of CK18-01 and oriented perpendicular to the stratigraphy encountered 3.0 m grading 16.08 g/t Au, 50.6 g/t Ag and 0.78% Cu. Within a 200 m vicinity of the Copper King prospect, Avidian collected surface rock grab samples that graded: 1.44 g/t Au, 87.5 g/t Ag and 3.29% Cu in a conglomeratic unit; 1.51 g/t Au, 67.0 g/t Ag and 1.05% Cu in siltstones; 6.86 g/t Au, 192 g/t Ag and 9.65% Cu in siltstones, and; 4.8 g/t Au, 106 g/t Ag and 1.41% Cu in a quartz-eye granite stockwork. It should be noted that, due to their selective nature, assay results from grab samples may not be representative of the overall grade and extent of mineralization on the subject area. Nick Tintor, President & CEO stated: “The initial high grading gold and copper results we are seeing at the Copper King to Long Creek area are very encouraging and support our model that the near surface mineralization has been introduced by deeper intrusive events. We plan to use this knowledge to aid in vectoring toward the interpreted intrusive systems that we believe are responsible for the mineralizing events over this large area”. Copper King Prospect Avidian drilled hole CK18-01 adjacent to a historical hole CK-94-2 that returned 7.62 m grading 4.84 g/t Au, 76.7 g/t Ag and 3.52% Cu with the dual objectives of 1): verifying this historical intersection and 2): obtaining information that would help Avidian vector towards a possible intrusive event believed to be responsible for the mineralized fluids that resulted in this mineralization. Hole CK18-01 is also adjacent to the northern flank of an IP/CSAMT resistivity high feature that correlates with a magnetic low. Historical hole CK94-2 ended in gold and copper mineralization at...