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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
TORONTO, ON / ACCESSWIRE / March 8, 2021 / Avidian Gold Corp . ("Avidian" or the "Company") (...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Encounters Additional Zones of Gold Mineralization at Amanita, Including 1.30 g/t Au over 24.21 m of Near-Surface Oxide MineralizationTORONTO, 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 parallel to the mineralization tested in AM20-02. Both zones trend to the northeast, remain open along strike and down dip.The mineralization tested in AM20-03 is located approximately 135 m east of the intersection in hole AM20-02 (see Figures 2 and 3) that encountered 27.22 m of 3.11 g/t Au which was drilled below the Trench D-West intersection of 27.0 m of 4.22 g/t Au (See press release of Dec 17, 2020). Higher up in hole AM20-02 an intersection of 6.10 m of 1.49 g/t Au appears to correspond to a shallow mineralized zone intersected 200 m to the south-south-west in hole AM20-07 of 1.40 m of 2.93 g/t Au.A 12 m thick biotite monzonite intrusive unit was encountered at the bottom of Hole AM20-07 approximately 150 m below surface. This intrusive unit is suggestive of a larger intrusive body nearby that could be the source of the gold mineralization encountered on the property.Hole AM20-08 encountered 2.93 m of 4.26 g/t Au approximately 10 m below surface, including 1.50 m of 8.07 g/t Au. This mineralization also appears to be trending northeast towards the top of hole AM20-05 that intersected 1.51 m of 1.31 g/t Au (Figure 3).Avidian President Steve Roebuck states: \"Our 2020 drill program was a success having met its stated objectives of providing preliminary insight into structural controls of mineralization and the resource potential at Amanita. Given the strong assay results and broad intercept widths encountered, Avidian is pleased to announce it plans a follow-up in...