Adds 200 Metres at Golden Zone Project In Alaska
Avidian Gold Corp. (TSXV: AVG/OTCQB: AVGDF) has completed drilling and exploration activities at its district-scale (125.5 sq. km) Golden Zone Project in south-central Alaska.
- Completed 3,288 m of reverse-circulation (RC) drilling from 27 drill holes
- Collected 2275 samples from drilling – shipped to ALS Global for analysis.
- Mayflower Extension Zone (MEZ) strike length now drill-defined to 600m and open at depth and to the northeast
- Completed approximately 1200 line-km of drone magnetic survey
- Completed reconnaissance mapping and sampling program over JJ-J4 and MJ targets, taking 70 surface rock samples
The 2021 exploration programm4 at the Golden Zone project has been completed for the year. The primary component was a RC drilling programme with a total of 27 additional holes drilled in the MEZ, Copper King, and Long Creek areas as a follow-up to successful drilling conducted in 2017 and 2018.
The primary objective of the seventeen hole 2021 MEZ drill program was to continue defining mineralization that lies to the northeast of the Breccia Pipe deposit and is believed to have the highest potential to add additional gold ounces proximal to the Breccia Pipe Deposit. The Breccia Pipe Deposit hosts a NI 43-101 indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au).
The Breccia Pipe Deposit hosts a NI 43-101 indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au).
Previous Avidian drilling at MEZ returned 21.6 m grading 1.46 g/t Au from hole GZ17-10 in a conglomeratic unit and 17.7 m grading 2.12 g/t Au from hole GZ18-01 in the same conglomerate unit / replacement style on a 50-meter step out hole (see press release August 19, 2019).
Five holes drilled in the north-eastern most portion of the MEZ encountered visible sulphides and alteration in the conglomeratic unit that appears similar to replacement style mineralisation previously drilled. These holes extend the mineralised zone to the northeast by an additional 200 m from previous holes drilled by Avidian.
Near the southwestern most portion of the MEZ, three holes were drilled that also encountered visible sulphides and alteration similar to the central MEZ thereby extending the mineralised zone 100 m to the southwest and giving the zone a total strike length of approximately 600 m adjacent to the Breccia Pipe Deposit.
The drill holes to date at MEZ have vertical depths of less than 150 m leaving the deposit open at depth and along strike to the northeast.
If assay results are positive the company will consider undertaking a preliminary resource that could add to the already existing NI 43-101 compliant resource at the Breccia Pipe Deposit situated immediately to the southwest of the MEZ.
Ten additional RC holes were completed on the Copper King and Long Creek prospects located approximately four km to the south of the Breccia Pipe Deposit, with five of these holes targeting replacement style mineralisation in the conglomeratic unit along 800 m of strike length. Varying amounts of pyrite, arsenopyrite, and chalcopyrite were noted in four of the holes. The other five holes were drilled to further test a prospective quartz-eye porphyry granite and a CSAMT anomaly. This overall area was previously recognized as having the potential to host a large-scale deposit possibly of porphyry affiliation based on grab samples, trenches and drill results.
For example, a grab sample of a stockwork quartz-eye granite returned 4.8 g/t Au, 106 g/t Ag and 1.41% Cu. The quartz-eye porphyry granite was encountered in six holes and is much more extensive than was previously realised.
As mineralisation is believed to be related to this granite, the abundance of granite is considered to enhance the prospectivity of this area. Nine out of the 10 holes appear to have intersected mineralisation.
Mineralised conglomeratic/replacement units have been outlined in this prospect area from previous exploration campaigns that yielded:
- 9.1 m grading 8.71 g/t Au, 80.8 g/t Ag and 3.57% Cu from 3.9 m to 13.0 m in drill hole CK18-01(replacement skarn)
- A surface trench (T18-09) located in the same vicinity as hole CK18-01 returned 30.0 m grading 2.24 g/t Au, 67.2 g/t Ag and 2.79% Cu (replacement skarn)
- A surface trench (T18-05) returned 3.0 m grading 16.08 g/t Au, 50.6 g/t Ag and 0.78% Cu in a conglomeratic unit.
Pioneer Exploration Consultants Ltd. (Pioneer) flew an additional 1200 line-km of detailed DRONE-MAG airborne magnetometer survey to augment the existing 588 line-km collected last year (2020). Pioneer collected 48.9 sq km in 2021 and 11.8 sq km in 2020 for a total of 60.7 sq km of new airborne magnetic data. These data will be utilized along with existing geophysical and geologic data for future drill site targeting.
For further information please visit: http://avidiangold.com/