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.

"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."

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