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Avidian Gold Update on Golden Zone Project in Alaska

Mining News - Published on Thu, 14 Nov 2019

Image Source: globenewswire.com
Avidian Gold Corp has reportd the prospecting results from its 2019 summer program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, Alaska, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks. Dave Anderson, Chairman and CEO of Avidian states " The helicopter borne prospecting program allowed geologists to access more remote areas associated with the JJ/J4 zone as well as aid in the discovery of the new MJ zone located in the southern portion of our property. The discovery of the MJ gold occurrence demonstrates the regional prospectivity of the 15 km long mineralization trend encompassed by the district scale Golden Zone property We are encouraged by sampling results from both areas and it appears that weathering may be a factor in the surface evaluation of these targets given the sporadic nature of the gold. Ultimately drill testing below the weathered profile will be the quickest way to understand the distribution of Au not only in the intrusives but the sediments as well."

Following up on the discovery of the JJ and J4 Zones in 2018, Avidian completed a summer field program designed primarily to further define the extent of the JJ - J4 Zone mineralization as well as evaluate a number of colour anomalies for additional JJ - J4 type discoveries or other mineralization on a regional scale.

Highlights of the 2019 field program are as follows:

Discovery of a new mineralized occurrence located 3.4 km SW of the JJ Zone; MJ returned grab samples of 5.17 g/t Au and 4.2 g/t Au and 2.77% Cu over an area at least 200 m x 200 m and open.

Prospecting at the JJ - J4 Zone discovery made in late 2018 has extended the strike length of this occurrence to at least 750 m and it still remains open in both directions; it is now identified over an area of 120 m wide, 300 m in height from the valley floor and mor than 750 m in length with highlight grab samples of gossan zones ranging from 2.08 g/t Au to 6.14 g/t Au and chip samples of 12.0 m @ 1.40 g/t Au and 6.0 m @ 1.85 g/t Au.

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Posted By : Rabi Wangkhem on Thu, 14 Nov 2019
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