Avidian Drills 67 m of 4.93 g/t Au, includes 39.8 m of 7.54 g/t Au, at Golden Zone Property, Alaska & Discovers New Zone Northeast of the Breccia Pipe Deposit (Toronto, Ontario – January 18, … Read more about Investors
Avidian has positioned itself to focus on the acquisition and development of world-class mineral deposits in 'resource friendly' North American jurisdictions, our chosen arena for discovery and value creation.
About Avidian Gold
A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly experienced team of industry-savvy professionals that have a pedigree history of mineral discovery and business success.
Since the company’s inception, its strategic goal was to focus on the acquisition of gold properties that have the potential for hosting one or more “world class mineral discoveries”. We approached our acquisition strategy with discipline and evaluation patience, and focused solely within “known mine friendly jurisdictions” of North America. This has resulted in the company now holding a portfolio of mineral properties in Alaska and Nevada, USA, which we believe are all value creation gold assets for our stakeholders.
Golden Zone Property
The Golden Zone property is located in south-central Alaska and lies within the highly gold prolific Tintina mineral belt with estimated resources topping 125 million ounces of gold. This 58.9 square km property is 100% owned and hosts a number of high-grade gold occurrences, including a 2016 NI 43-101 Indicated gold resource of 267,400 ounces in one of the occurrences that remains open and not fully tested. The mineralization on the property is of magmatic-hydrothermal origin, fully compatible with models for Intrusion-related Gold Systems.
The Amanita property is located within the Fairbanks mineral district of Alaska, which has produced more than 20 million ounces of gold from placer and hard-rock sources. This 100% owned property is southwest and contiguous to Kinross’s Fort Knox operating gold mine. Historical drill holes encountered significant gold mineralization, including visible gold, within stockwork veins hosted in oxidized metasedimentary rocks. This mineralization has only been sparsely tested along a 1.5 km long zone that trends directly with the Fort Knox bounding NE-SW structural zone.
The Jungo property is located in north-eastern Nevada along the structural trend connecting the Hycroft mine (approx. 25 Moz Au) to the southwest with the Sleeper deposit (approx. 7 Moz Au) to the northeast. This 100% owned, 20 square km property hosts a 5 km long Au-Cu system in a magmatic-hydrothermal environment controlled by NNE structures, with geophysical results indicating multiple phases of mineralization. Less than 1.5 km of this trend has been partially evaluated and where it has, significant gold and copper mineralization has been encountered.