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Avidian Gold Delineates Extensive Gold Mineralization on the Golden Zone Project, Alaska
TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report the results from its mapping and
About this update from Avidian Gold Corp.
[{"type":"text","content":"TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report the results from its mapping and sampling program at the 100% owned Golden Zone project, Alaska. Highlights include: Gold mineralization grading > 1 g/t Au can be traced along a trend of 8 km long. Surface sampling and trenching uncovered numerous high-grade gold occurrences of > 4 g/t Au to > 25 g/t Au plus Ag ± base metals; such as a 11.0 g/t Au, 2,550 g/t Ag, 0.24% Cu, 14.3% Pb and 2.54% Zn from a grab sample. The discovery of a new mineralized breccia located approximately 500 m west of the known “Breccia Pipe Deposit”. Grab samples from this new discovery have gold and silver values that range from 15 ppb Au to 14.64 g/t Au and 0.6 g/t Ag to 355 g/t Ag. This new discovery referred to as “Breccia Pipe West” is proximal to a 1.5 km long feldspar-biotite porphyry. Quartz veined sediments immediately adjacent to a quartz stockwork granite returned 4.8 g/t Au, 106 g/t Ag and 1.41% Cu from a grab sample. Polymetallic mineralization in conglomerates is a mineralization style that has not previously been explored, but for which there appears to be significant potential as a number of conglomeratic units have been mapped on the property with sample results such as 1.51 g/t Au, 67.0 g/t Ag and 1.05% Cu (grab sample) and 6.1 m of 13.8 g/t Au, 34.4 g/t Ag and 0.85% Cu (historical trench). Known mineralization on the property is proximal to intrusive bodies, analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt. The Golden Zone property lies within the gold endowed Tintina Belt, is located 320 km north of Anchorage, Alaska and is accessed by a 16 km road west of the main transportation route between Anchorage and Fairbanks. The property is comprised of a 2,960 acre Uplands Mining Lease with an expiry date of 2050, surrounded by 92 State of Alaska claims totaling 11,600 acres and a nearby, non-contiguous, 40-acre Mill Site Lease. Mineralization styles on the property are directly associated with Intrusive Gold Related Systems with numerous polymetallic, gold-dominated mineral showings contained within three northeast trending fault-bounded belts or corridors, named from northwest to southeast, the Golden Zone,...