Business
Avidian Gold Provides Exploration Update
TORONTO, ON / ACCESSWIRE / September 30, 2020 / Avidian Gold Corp. (" Avidian " or the " Com...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Gold Provides Exploration UpdateTORONTO, ON / ACCESSWIRE / September 30, 2020 / Avidian Gold Corp. (\"Avidian\" or the \"Company\") (TSXV:AVG) is pleased to provide an exploration update for its Amanita, Amanita NE and Golden Zone properties in Alaska and its Jungo property in Nevada.Steve Roebuck, President of Avidian Gold states: \"Our exploration programs were delayed this year as a result of the numerous challenges brought upon by COVID-19. We are however pleased to confirm that we are in the process of advancing all properties with our main focus on Amanita. Currently we are drilling our seventh hole at Amanita and anticipate drilling three to five more holes before the end of this phase of the program. While we had hoped to continue drilling at Golden Zone these plans have been postponed as a result of the delay in initiating our 2020 exploration program. Regardless, the acquisition of additional ground containing identified targets confirms the district play of the Golden Zone property. We can also confirm that drill ready targets have been identified in the Breccia Pipe resource area and we are anxious to continue our expansion of the known resource as soon as feasible\".Alaska - Amanita PropertyThe property is located 5 km southwest and adjacent to Kinross Gold's Fort Knox Mine. In July the Company commenced a multi-faceted exploration program at Amanita with the goal of drill-testing high grade gold mineralization found while surface trenching in 2019 (highlight results from the trenching program include 94.5 m of 3.04 g/t Au, including 22.5 m of 11.51 g/t Au or 6.0 m of 13.10 g/t Au; 27.0 m of 4.22 g/t Au including 6.0 m of 13.85 g/t Au and 6.0 m of 2.48 g/t Au, see press release dated January 7, 2020) and to confirm and expand upon historical RC drilling. To date the Company has completed the following:a high-resolution drone LiDAR and Orthophoto survey over the entire property;443.6 line km Drone-Mag airborne magnetometer survey over the entire property at 50 m line spacing with selected areas flown at a 25 m line spacing;six HQ-diameter oriented core holes for a total of 1,148 metres completed with drilling still ongoing;approximately 786 samples have been submitted for assay with results pending, andprospecting and sampling on newly discovered sub-crop exposures.Evaluation of the airborne magnetometer surv...