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Avidian Intercepts 46.63 m Grading 1.08 g/t Au Including 15.24 m Grading 2.03 g/t Au at Golden Zone, Alaska
TORONTO, ON / ACCESSWIRE / January 19, 2022 / Avidian Gold Corp. (" Avidian " or the " Compa...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian Intercepts 46.63 m Grading 1.08 g/t Au Including 15.24 m Grading 2.03 g/t Au at Golden Zone, AlaskaTORONTO, ON / ACCESSWIRE / January 19, 2022 / Avidian Gold Corp. (\"Avidian\" or the \"Company\") (TSXV:AVG)(OTCQB:AVGDF) is pleased to provide assay results from 8 of the 17 reverse-circulation (\"RC\") drill holes completed on the Mayflower Extension Zone (\"MEZ\") at its district-scale (125.5 sq. km) Golden Zone Project in south-central Alaska (Figure 1). Assays results from the remaining 9 holes are pending and will be released when received. The property is strategically located midway between Anchorage and Fairbanks and only 10 km west of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska Intertie power lines.Highlights of drill assays received from the northeast 300 m portion of the MEZ (Figure 2) include:Hole GZ21RC-02 intersected 46.63 meters (m) grading 1.08 g/t Au, including 15.24 m grading 2.03 g/t Au - hole ended in mineralizationHole GZ21RC-03 intersected 4.57 m grading 2.87 g/t Au - hole ended in mineralizationHole GZ21RC-26 intersected 7.62 m grading 1.55 g/t Au - farthest MEZ hole drilled to date to the northeast - hole abandoned at 28.96 m, short of target - MEZ remains open along strike and at depthHole GZ21RC-27 intersected 50.29 m grading 0.70 g/t Au including 7.62 m grading 2.52 g/t AuSteve Roebuck, President & CEO states: \"We are extremely pleased with the success of the 2021 drill campaign at MEZ. The results received to date demonstrate the high potential for the continued discovery of near-surface gold mineralization peripheral to the Breccia Pipe Deposit. The drill program tested shallow gold mineralization along a 600 m strike length and confirms that mineralization remains open along strike and at depth. We are also encouraged that many of the holes intersected multiple mineralized zones, and two holes including our longest intersection inGZ21RC-02, ended in gold mineralization. The consistency of the structural setting along northeast trends at the MEZ and the associated replacement style of mineralization continues to drive our exploration efforts.\"The MEZ represents a mineralized structural corridor directly adjacent to, and along strike of, the Breccia Pipe Deposit (Figures 1 & 2). The Breccia Pipe currently hosts a NI 43-101 Indicated gold resource of 267,400 ounces...