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Avidian Gold Corp.
Summary
| Project: | Golden Zone | |
|---|---|---|
| Deposit: | Copper King | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-10-2018: Avidian Gold Corp. announces an Exploration/Drilling Update report for its Copper King deposit at the Golden Zone project. Drilling results incl. 9.1m @ 8.71g/t Au, 80.03g/t Ag, 3.57% Cu from 3.9m. Toronto, Ontario – October 1, 2018: Avidian G | |
| Resources: | (Resource): 4.187Mt @ 1.99g/t Au (Ind.) and 1.353Mt @ 0.83g/t Au (Inf.) at Breccia Pipe | |
| CP/QP: | [Overall Report]: Tom Setterfield (Internal) | |
| ABSTRACT: | Toronto, Ontario – October 1, 2018: Avidian Gold Corp. (TSXV:AVG) (the “Corporation” or “Avidian”) is pleased to report results from the first four drill holes at the Breccia Pipe Deposit and Mayflower Extension Zone from its ongoing drill program at the 100% owned Golden Zone project in Alaska. Avidian drilled hole GZ18-04 down the plunge of the Breccia Pipe Deposit to test for mineralization within the monzodiorite hosting the Breccia Pipe Deposit that is not included in the current resource estimate and to infill the southwestern margin of the pipe. This hole also tested for the continuation of mineralization below the conceptual pit outline and possible root mineralization to the pipe. Avidian also drilled three core holes within the Mayflower Extension Zone that marks a potential resource expansion area peripheral to the Breccia Pipe Deposit. This drilling was designed to follow up on the discovery of a previously unknown mineralized conglomeratic unit intersected late in 2017 by drill hole GZ17-10 and located approximately 300 m northeast of the Breccia Pipe Deposit, which returned 21.6 m grading 1.46 g/t Au. Nick Tintor, President & CEO stated: “We are pleased with the initial results obtained from the Mayflower Extension Zone drilling as it suggests excellent potential for defining peripheral mineralization which could be added to the resource at the Breccia Pipe Deposit. Hole GZ18-04 also indicates potential for additional resources in the surrounding monzodiorite that hosts the Breccia Pipe Deposit.”. | |
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