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Avidian Gold Reports 1.24 g/t Au over 94.5 m from Amanita Property Trenching Program Adjacent to Fort Knox Gold Mine
TORONTO, ON / ACCESSWIRE / October 21, 2019 / Avidian Gold Corp. (" Avidian " or the " Compa...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Gold Reports 1.24 g/t Au over 94.5 m from Amanita Property Trenching Program Adjacent to Fort Knox Gold MineTORONTO, ON / ACCESSWIRE / October 21, 2019 / Avidian Gold Corp. (\"Avidian\" or the \"Company\") (TSX-V:AVG) is pleased to report the results from its 2019 Trenching program at its Amanita property. The Amanita property is comprised of State of Alaska claims totaling 1,460 hectares (14.6 sq km) and is located 15 km northeast of Fairbanks, Alaska, and approximately 5 km southwest and contiguous to the Fort Knox open-pit gold mine (Figure 1).During the summer of 2019, Avidian carried out an exploration program whereby a total of six trenches were excavated for 1,725 m with 722 samples collected with variable sample lengths of 1.5 m or 3.0 m. Highlight results include:TrenchLength (m)Au (g/t) TrenchLength (m)Au (g/t) A37.91 D7.50.96B1.50.52 91.82C61.87 incl.62.56 94.51.24 273.48incl.22.53.85 incl.64.79or611.48 incl.610.18 312.15 121.34 G1.51.1 62.67 31.47Note: Trench E not completed, Trench F abandonedDave Anderson, Chairman and CEO of Avidian states: \"We are both pleased and intrigued by the trenching results. The results delineate significant gold in areas away from the mineralization tested by historical RC drilling and trenching. It is interesting to note that where little or no mineralization was intersected in the trenches, historical drilling indicates significant intersections below these areas. It is possible weathering may be impacting the results if in fact gold did come to surface in these areas which makes sense knowing there was historical placer mining on the property. Given the evidence of gold to +1 g/t in 30 of the 39 historical holes, extensive and multiple areas of very good gold grades in the current trench results and oxidation to at least 150 metres suggests Amanita has great potential to deliver a deposit particularly when you compare results to the resource cut-off grades at Fort Knox (0.10 g/t Au) and Kinross's Gil Project (0.21 g/t Au). The next phase of the program is to expand the area of known mineralization through further trenching and ultimately drilling\".The objective of the 2019 trenching program was to expose and sample a portion of the Tonsina Trend which is a fault bounded, 800 metre wide, northeast trending structural corridor that can be traced along a strike length of approx...