The Amanita property is comprised of
During the summer of 2019, Avidian carried out an exploration program whereby a total of six trenches were excavated for 1,725 m with 722 samples collected with variable sample lengths of 1.5 m or 3.0 m depending on prospective geology. Initially samples were assayed using a standard fire assay analysis (
The main intersection is now 94.5 m of 3.04 g/t Au (uncut) or 2.01 g/t Au (cut), including 22.5 m of 1.51 g/t Au (uncut) or 7.16 g/t Au (cut).
Ninety seven (97) samples were re-analyzed dominantly within the known mineralized trends as reported in the
The objective of the 2019 trenching program was to expose and sample a portion of the Tonsina Trend which is a fault bounded, 800 metre wide, northeast trending structural corridor that can be traced along a strike length of approximately 4 km on the property. This corridor trends directly into
The Tonsina Trend has been sparsely drilled with 39 historical reverse circulation holes, of which 30 intersected oxide mineralization with grades > 1.0 g/t Au such as: 13.72 m of 3.02 g/t Au, 10.67 m of 1.08 g/t Au, 12.19 m of 2.28 g/t Au, 4.57 m of 11.49 g/t Au, and 3.05 m of 14.04 g/t Au. This previous drilling has only tested a portion of the Tonsina Trend to a depth of less than 150 m with the gold mineralization currently believed to be a series of steeply dipping oxidized bodies hosted within metamorphosed sediments proximal to intrusive Cretaceous age rocks. This setting is similar to
The 2019 trenching program was designed to delineate and map structures, geology and mineralization that may be related to the historical drill holes in order to establish the best orientations for a follow-up diamond drill program. The gold mineralization encountered in the trenches is associated primarily with N70W and N005 to 010E striking, high angle Quartz-Iron Oxide veins/shears/faults that also contain elevated arsenic, bismuth and antimony. The highest gold values are associated with elevated bismuth (> 10 ppm to 870 ppm). Vein widths range from 2 cm to 2 m. The intersection of 94.5 m of 3.04 g/t Au that occurs in Trench C, which trends due north, is hosted in mineralized structures trending from 003 to 055 and dipping steeply in variable directions. While many of the mineralized zones are associated with veins/shears/faults, significant intersections can also be found within the metamorphosed sedimentary host rocks such as the 27.0 m of 4.22 g/t Au found in trench D.
The grades of the mineralized intersections encountered in the trenches are significant when compared to the resource cut-off grade at the adjacent Fort Knox mine (0.10 g/t Au) and at the
The trench results combined with the historical drilling highlights the wide distribution of gold mineralization with significant widths and grades within the 4 km long Tonsina Trend. Avidian is currently compiling the results of the 2019 trenching program with the historical information in preparation for a follow-up drill program that is anticipated to test the full length and width of the Tonsina structural corridor on the Amanita property.
Quality Control/Quality Assurance
Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis. Every twentieth trench sample was a standard or a blank. Samples were prepared at
About
Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in
Avidian is the majority owner of High Tide Resources, a private company, that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in
Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities.
Contact:
Tel: +44 7538 296674
Email: info@avidiangold.com
Forward-looking information
This News Release includes certain 'forward-looking statements'. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.
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