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Avidian Gold CSAMT Survey Highlights Near-Surface Intrusive-Related Gold Targets
TORONTO, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp., (“Avidian” or the “Company”) (TSXV-AVG) is pleased to announce that the Company has completed a 4
About this update from Avidian Gold Corp.
[{"type":"text","content":" TORONTO, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp., (“Avidian” or the “Company”) (TSXV-AVG) is pleased to announce that the Company has completed a 44.5-line kilometre (“km”) Controlled Source Audio-Frequency Magnetotelluric (“CSAMT”) survey of the Copper King, Long Creek and South Long Creek prospects at the Golden Zone project in Alaska. The survey was successful in highlighting near-surface resistivity highs which are interpreted to be intrusions into overlying sediments. The most prominent interpreted intrusion is proximal to known sulphide mineralization in the +2 km long Copper King, Long Creek and South Long Creek target areas. CSAMT Survey Interpretation CSAMT profiles in this large area identified multiple resistivity highs which form elongated pinnacle features with flanking resistivity lows which are interpreted to be highly prospective areas for gold and copper mineralization (see Figure 1). Many of the CSAMT resistivity high features correspond with magnetic low features observed in a previous helicopter-borne aeromagnetic survey. The predominant feature at Copper King to Long Creek area stretches over 500 metres (“m”) and is interpreted to be the intrusive source of the mineralization identified at Copper King and Long Creek, both in surface sampling and in limited historic drilling. For additional information on surface gold-copper mineralization at Copper King, Long Creek and South Long Creek, please see Avidian’s press release dated, January 15, 2018. Multiple other interpreted intrusive events were identified in this area, all at relatively shallow depths which suggests excellent opportunities for further discovery. Programs to prioritize interpreted “intrusives” are underway including geochemical studies, trenching and ultimately drilling. Trenching on one of these targets revealed approximately 20 m of pyrite-chalcopyrite mineralization. Nick Tintor, President and CEO of Avidian, commented, “The delineation of very near-surface interpreted intrusive bodies coincident with surface mineralization in the Copper King-Long Creek area is an exciting development for our team. We plan to collar holes this week to begin testing priority CSAMT targets in the Long Creek area which are associated with newly discovered pyrite-chalcopyrite sulphide mineralization in trenches.” CSAMT is a...