Avidian Gold Corp. (TSXV: AVG & OTCQB: AVGDF) has received promising assay results from the remaining nine of the 17 reverse-circulation (RC) drill holes completed on the south-west portion of the Mayflower Extension Zone (MEZ) in Alaska.
The district-scale (125.5 sq. km) Golden Zone Project is located in south-central Alaska and is strategically positioned 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 southwest 300 m portion of the MEZ include:
- Hole GZ21RC-18 intersected 6.10 meters (m) grading 2.06 g/t Au, including 3.05 m grading 3.89 g/t Au
- Hole GZ21RC-22 intersected 15.24 m grading 2.65 g/t Au, including 3.05 m grading 11.70 g/t Au
- Hole GZ21RC-23 intersected 4.57 m grading 2.43 g/t Au and 4.58 m grading 2.22 g/t Au within a broader zone of 73.45 m grading 0.45 g/t Au
- Hole GZ21RC-24 intersected 6.10 m grading 2.14 g/t Au within a broader zone of 60.96 m grading 0.68 g/t Au
All 17 RC drill holes completed in the programme are located wholly within the northeast-trending zone and have successfully extended the known strike length an additional 185 m for a total strike length of 600 meters and the MEZ remains open both along strike and at depth.
“The consistent and impressive assay results from the 2021 drill programme prove that MEZ is a significant mineralised system that has considerable potential to quickly build a near-surface gold resource,” President and CEO, Steve Roebuck, said.
“As we look forward to the 2022 field season, and continued drilling at MEZ, our focus will be to extend the drill-defined mineralisation another 300 m along strike toward the Bunkhouse Prospect and follow the gold to depth.”
In 2021 Avidian drilled 1,776.8 m in 17 shallow RC drill holes at the MEZ as part of a resource expansion program immediately peripheral to the Breccia Pipe Deposit. This drilling campaign was designed to follow up on the 2017 discovery of the previously unknown mineralised conglomerate tested by drill hole GZ17-10.
GZ17-10 intersected 21.6 m grading 1.46 g/t Au and is located approximately 300 m northeast of the Breccia Pipe. Additional holes drilled at the MEZ in 2018 include GZ18-02 (approx. 50 m to the southwest of GZ17-100 intersected an upper zone of 5.74 m grading 3.72 g/t Au and a mineralized zone that appears to correspond to the intersection in hole GZ17-10 that returned 17.7 m of 2.12 g/t Au.
GZ18-02 ended in mineralisation with an intersection of 17.7 m grading 1.04 g/t Au. Previously reported holes drilled in the northeast portion of the MEZ in 2021 include GZ21RC-02 that intersected 46.63 m grading 1.08 g/t Au, including 15.24 m grading 2.03 g/t Au and hole GZ21RC-27 that intersected 7.62 m grading 2.52 g/t Au.
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