North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Avidian Gold Corp. Jan. 27 reported that it is preparing for a 2021 drill program to expand upon the gold mineralization encountered last year on its Amanita project in Alaska's Fairbanks Mining District.

Last year, Avidian completed 1,945 meters of drilling in nine holes within the Tonsina trend, an 800-meter-wide structural corridor of gold mineralization that extends northeast from Amanita onto Kinross Gold Corp.'s Fort Knox Mine property.

The company received assay results from the first two holes of that program in December. The best intercept was encountered in hole AM20-02, which cut 22.7 meters averaging 3.11 grams per metric ton gold from a depth of 76.4 meters.

Though the results from the balance of the 2020 drill program remain pending, Avidian says the mineralization encountered in AM20-02 is worth following up on this year. As such, the company has initiated the permitting process for a 2021 drill program at Amanita.

"We are preparing for a break-out exploration season at Amanita in 2021," said Avidian Gold President Steve Roebuck.

The company says the mineralization cut by AM20-02 has been encountered in four places along a 200-meter northeast trending zone. A 2019 trench about 60 meters above the intercept cut 27 meters of 4.22 g/t gold and one historical reverse circulation hole, AH-14, cut 16.76 meters averaging 1.03 g/t gold roughly 80 meters northeast of hole AM20-02.

Avidian Gold Corp.

The prime objective of the 2021 drill program will be to further test this emerging trend. The company also plans to continue testing additional exploration targets identified at Amanita this year.

"Plans include step-out drilling along strike and down dip of AM20-02 with the goal of outlining at-surface oxide gold mineralization along the trend and the down dip extent of the zone," said Roebuck. "A similar exercise will be completed on the sub-paralleling mineralized trend to the immediate south. Despite the unprecedented delays in receiving assays from the lab we are very confident in proceeding with a drill program, at a minimum, to begin expanding the mineralization in the area of AM20-02."

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

• Email: [email protected]
• Phone: (907) 726-1095
• https://www.linkedin.com/in/shane-lasley-ab073b12/