Drills Near-Surface Oxide Mineralisation In Alaska
Avidian Gold Corp. (TSXV: AVG) has received for the last seven holes of its nine-hole 2020 oriented core drilling campaign at the Amanita property located five km south and contiguous to Kinross Gold’s Fort Knox mine in the Fairbanks Mining District, Alaska.
Gold mineralisation was encountered in all holes, with the highlight being 24.21 m of 1.30 g/t Au in hole AM20-03.
This intersection occurs approximately 60m below surface, is comprised of oxide gold mineraliwation and includes a higher grade intersection of 5.77m of 2.64 g/t Au.
President, Steve Roebuck, said it appears to represent a second major mineralised trend parallel to the mineralisation tested in AM20-02. Both zones trend to the northeast, remain open along strike and down dip.
The mineralisation tested in AM20-03 is located approximately 135m east of the intersection in hole AM20-02 that encountered 27.22m of 3.11 g/t Au which was drilled below the Trench D-West intersection of 27.0 m of 4.22 g/t Au.
Higher up in hole AM20-02 an intersection of 6.10m of 1.49 g/t Au appears to correspond to a shallow mineralised zone intersected 200m to the south-south-west in hole AM20-07 of 1.40 m of 2.93 g/t Au.
A 12 m thick biotite monzonite intrusive unit was encountered at the bottom of Hole AM20-07 approximately 150 m below surface. This intrusive unit is suggestive of a larger intrusive body nearby that could be the source of the gold mineralization encountered on the property.
Hole AM20-08 encountered 2.93 m of 4.26 g/t Au approximately 10 m below surface, including 1.50 m of 8.07 g/t Au. This mineralization also appears to be trending northeast towards the top of hole AM20-05 that intersected 1.51 m of 1.31 g/t Au (Figure 3).
“Our 2020 drill programme was a success having met its stated objectives of providing preliminary insight into structural controls of mineralisation and the resource potential at Amanita,” Mr Roebuck said.
“Given the strong assay results and broad intercept widths encountered, Avidian is pleased to announce it plans a follow-up infill drilling program in the area along strike of the high-grade trend identified by hole AM20-02 and Trench D-West, as well as further outline drilling of the other mineralized trends.
“Our main goal this year is to begin drill defining a near-surface oxide-gold resource only five km south of the largest bulk tonnage gold mine and mill complex in Alaska.
“We think 2021 will be a breakout year for Avidian and our shareholders.”
