The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News – September 14, 2018
Avidian Gold's 2018 program at Golden Zone includes 3,000 meters of drilling to test projects across the property.
As part of Avidian's regional exploration, prospecting discovered multiple sulfide-bearing gossan zones at JJ with strong gold values.
Avidian Gold Corp. Sept. 10 reported the discovery of a new gold showing on its Golden Zone project about 200 miles (320 kilometers) north of Anchorage, Alaska.
The Golden Zone property hosts numerous gold targets along a 15,000-meter-long trend. Breccia Pipe, the most advanced of these, is a deposit with 4.19 metric tons of indicated resource averaging 1.99 grams per metric ton (267,400 ounces) gold and 10.38 g/t (1.4 million oz) silver.
JJ Zone, the new discovery, is about 5,250 meters southwest of the Breccia Pipe deposit.
As part of Avidian's regional exploration, prospecting discovered multiple sulfide-bearing gossan zones at JJ with strong gold values. These gossan zones range from 0.5 to more than three meters thick and can be traced on surface over a width of 150 meters and about 300 meters in height.
The company collected 23 grab samples across the width of a gossan zone just above the talus – an accumulation of rocks below a steep mountain face. Eight of these samples contain greater than 0.95 g/t gold, with the highest grade gossan samples retuning 6.14 g/t, 5.41 g/t, 3.83 g/t and 2.08 g/t gold.
Samples from siltstone sediments between the gossan zones range from 0.098 g/t to 0.965 g/t gold.
Prospecting on the opposite side of the mountain from the original JJ outcrop identified the apparent extension of this new zone for a strike length of approximately 450 to 500 meters.
Additional sampling at JJ is being carried out.
As a result of the discovery of gold mineralization at JJ, Avidian has staked 10,880 acres of state mining claims. The new block of claims connects Avidian's existing Golden Zone property with the Cohio claims, which the company staked in 2016. The highest grade grab samples from Cohio so far are 111 g/t, 15 g/t and 9.7 g/t gold.
The Golden Zone property now covers about 26,030 acres of ground, providing several regional scale exploration targets in the central and southern portions of the project area prospective for gold-copper mineralization associated with one or more intrusion related gold system.
One such prospect, Copper King, is a primary target of this year's exploration. Historical trenching at a skarn found here retuned 13.72 meters of 7.01 g/t gold, 94.1 g/t silver and 4 percent copper. A historical drill hole drilled through the skarn returned 7.62 meters of 4.94 g/t gold, 76.7 g/t silver and 3.52 percent copper.
Grab samples collected by Avidian have returned assays with up to 6.9 g/t gold, 192 g/t silver, 9.5 percent copper, 7.2 percent zinc and 0.7 percent lead.
"Our regional scale prospecting program, which is still ongoing, has possibly generated a new discovery with significant gold results that underscores the high prospectivity and potential of the Golden Zone district, with mineralization now extending over 15 kilometers (9.3 miles) in length," said Avidian Gold President and CEO Nick Tintor. "This program is just one component of Avidian's current field program including 3,000 meters of drilling and 46.5 line-kilometers of CSAMT (controlled-source audio-frequency magnetotellurics) geophysical surveying primarily in the Copper King-Long Creek target area, which appears to be identifying another possible significant new discovery area(s) that is currently being evaluated by trenching and drilling."
–SHANE LASLEY
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