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

By Shane Lasley
Mining News 

Avidian encouraged by gold tapped in 2020

Plans to build resource with drilling at Amanita this year North of 60 Mining News – March 12, 2021


Last updated 3/11/2021 at 5:22pm

Amanita project Avidian Gold 2020 drill program assays Fort Knox Fairbanks map

Avidian Gold Corp.

A view of the area tested by drill during Avidian's 2020 drill program at the Amanita gold project north of Fairbanks, Alaska.

Avidian Gold Corp. March 8 reported that gold mineralization was encountered in all nine holes drilled last year at its Amanita project just south of Kinross Gold Corp.'s Fort Knox Mine in Alaska's Fairbanks Mining District.

In December, the company reported results from the first two holes drilled at Amanita last year. 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.

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.

The balance of the 2020 holes drilled at Amanita further expands this gold mineralization.

The best intercept in the final batch of seven holes reported by Avidian came in hole AM20-03, which cut 24.2 meters of 1.3 g/t gold from a depth of 58.9 meters, including 5.8 meters averaging 2.64 g/t gold.

Avidian says this mineralization appears to represent a second major mineralized trend parallel to the mineralization tested in AM20-02, which lies about 135 meters to the west. These apparent parallel zones trend to the northeast, remain open along strike and down-dip.

Other highlighted intercepts for the 2020 drilling at Amanita include:

6.1 meters of 1.49 g/t gold from a depth of 34.4 meters in AM20-02.

Four meters of 1.65 g/t gold from a depth of 54.7 meters in AM20-04.

1.5 meters of 2.41 g/t gold from a depth of 66 meters in AM20-05.

1.4 meters of 2.93 g/t gold from a depth of 36.9 meters in AM20-07.

4.6 meters of 1.47 g/t gold from a depth of 130.6 meters in AM20-07.

2.9 meters of 4.26 g/t gold from a depth of 14.7 meters in AM20-08.

Amanita project Avidian Gold 2020 drill program assays Fort Knox Fairbanks map

"Our 2020 drill program was a success having met its stated objectives of providing preliminary insight into structural controls of mineralization and the resource potential at Amanita," said Avidian Gold President Steve Roebuck. "Given the strong assay results and broad intercept widths encountered, Avidian is pleased to announce it plans a follow-up infill drilling program in the area along strike of the high-grade trend identified by hole AM20-02 and Trench D-West, as well as further outline drilling of the other mineralized trends. Our main goal this year is to begin drill defining a near-surface oxide-gold resource only five kilometers (3.1 miles) south of the largest bulk tonnage gold mine and mill complex in Alaska."

Author Bio

Shane Lasley, Publisher

Over his more than 13 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


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