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Avidian Extends Strike Length of Mayflower Extension Zone by 200 Metres at Golden Zone Project, Alaska
TORONTO, ON / ACCESSWIRE / October 21, 2021 / Avidian Gold Corp. (" Avidian " or the " Compa...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Extends Strike Length of Mayflower Extension Zone by 200 Metres at Golden Zone Project, AlaskaTORONTO, ON / ACCESSWIRE / October 21, 2021 / Avidian Gold Corp. (\"Avidian\" or the \"Company\") (TSXV:AVG)(OTCQB:AVGDF) is pleased to provide an exploration update for its district-scale (125.5 sq. km) Golden Zone Project in south-central Alaska. The property is strategically located midway between Anchorage and Fairbanks and only 10 km west of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska Intertie power lines.Drilling and site exploration activities were completed using industry best practices and were conducted in a safe and environmentally responsible manner without incident. The following accomplishments were achieved:Completed 3,288 m of reverse-circulation (RC) drilling from 27 drill holesCollected 2275 samples from drilling - shipped to ALS Global for analysisMayflower Extension Zone (MEZ) strike length now drill-defined to 600m and open at depth and to the northeastCompleted approximately 1200 line-km of drone magnetic surveyCompleted reconnaissance mapping and sampling program over JJ-J4 and MJ targets, taking 70 surface rock samplesThe 2021 exploration program at the Golden Zone project has been completed for the year. The primary component was a RC drilling program with a total of twenty-seven additional holes drilled in the MEZ, Copper King, and Long Creek areas as a follow-up to successful drilling conducted in 2017 and 2018. The primary objective of the seventeen hole 2021 MEZ drill program was to continue defining mineralization that lies to the northeast of the Breccia Pipe deposit and is believed to have the highest potential to add additional gold ounces proximal to the Breccia Pipe Deposit.The Breccia Pipe Deposit hosts a NI 43-101 indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au).Previous Avidian drilling at MEZ returned 21.6 m grading 1.46 g/t Au from hole GZ17-10 in a conglomeratic unit and 17.7 m grading 2.12 g/t Au from hole GZ18-01 in the same conglomerate unit / replacement style on a 50-meter step out hole (see press release August 19, 2019).Five holes drilled in the northeastern most portion of the MEZ encountered visible sulfides and alteration in the conglomeratic unit th...