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Avidian Gold Update on Field Programs at Amanita and Golden Zone, Alaska
TORONTO, ON / ACCESSWIRE / August 19, 2019 / Avidian Gold Corp. (“ Avidian ”...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Gold Update on Field Programs at Amanita and Golden Zone, AlaskaTORONTO, ON / ACCESSWIRE / August 19, 2019 / Avidian Gold Corp. (“Avidian” or the “Company”) (TSX-V:AVG) is pleased to announce that field crews are active at both its Amanita and Golden Zone properties in Alaska.Amanita Property2019 Work ProgramThe objective of the 2019 Amanita program is to expose and sample the mineralized Tonsina Trend through a series of widely spaced trenches along a 3 km strike length. The objective is to delineate the mineralized structure, map vein directions and establish follow-up drill hole locations. To date trenches adjacent to the Fort Knox boundary and in the main mineralized area have been completed. The program is anticipated to be completed by the end of August. 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. Fort Knox is currently producing approximately 380,000 oz of gold per annum with a mill cut-off grade of 0.3 g/t Au. The Fairbanks mining district has historically produced in excess of 20 Moz of gold. Mineralization at Fort Knox is contained within a northeast structural corridor that trends directly onto the Amanita property. Mineralization hosted on the Fort Knox mine is not necessarily reflective of mineralization that may be hostedon the Company’s Amanita and Golden Zone properties.This fault bounded corridor at Amanita, referred to as the Tonsina Trend, can be traced along a strike length of approximately 4 km on the property and is approximately 800 metres wide. The Tonsina Trend has been sparsely drilled with 39 reverse circulation holes of which 30 intersected grades > 1.0 g/t Au over at least 1.5 m such as:13.72 m @ 3.02 g/t Au10.67 m @ 1.08 g/t Au12.19 m @ 2.28 g/t Au4.57 m @ 11.49 g/t Au3.05 m @ 14.04 g/t Au Previous drilling on the property has only tested mineralization to a depth of less than 150 m hosted within oxidized metamorphosed sediments and intrusive Cretaceous age rocks. Several of these holes contain visible gold, as do a number of float samples collected within the trend by Avidian (see Figure's 1and 2).Golden Zone Property2019 Work ProgramThe objective of the 2019 progra...