Avidian Gold Corp.

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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.

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Avidian Gold Corp.

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A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly exper......

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8020 Admin

8 hours ago

8020 Admin posted a press release Avidian Defines Resource Expansion Potential at the Golden Zone Project, Alaska in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / November 13, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V: AVG) wishes to report additional project developments from its 2019 summer program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, Alaska, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks.



Following up on the successful 2018 results, Avidian completed a summer field program comprised primarily of selective core relogging and soil sampling with the objective to:


i. outline a 2020 drilling program to expand and refine the existing Breccia Pipe Deposit gold resource; and


ii. define new potential gold resource targets in the vicinity of the Breccia Pipe Deposit through the delineation of drill targets adjacent to the Breccia Pipe deposit, specifically at the Mayflower Extension Zone and BLT shear zone.


Highlights of the field program are as follows.



  • The Breccia Pipe deposit has had limited drill testing below 200 m from surface resulting in incomplete testing of the margins of the pipe, as well as the enclosing mineralized monzodiorite host rock, particularly in the southwest portion of the breccia body.



  • Adjacent to the Breccia Pipe deposit is the Mayflower Extension Zone, which is predominantly skarn/replacement type mineralization within a conglomeratic unit, occurring over a strike length of 350 m. The most apparent extension of this zone is to the NE where it projects into a gold-in-soil anomaly.



  • the BLT shear zone mineralization that trends through the Breccia Pipe deposit and currently forms a small part of the present resource can be traced for over 1.5 km. Limited drilling has been completed on the BLT shear zone over this strike length. It remains open to the NE where it strikes into a gold-in-soil anomaly.


Dave Anderson, Chairman and CEO of Avidian states "The results of the 2019 program continue to support our belief that there is excellent potential to increase the known resource in the immediate area of the Breccia Pipe Deposit. The delineation of skarn mineralization in conglomerate units that can be traced for some distance in the both the MEZ and Copper King areas suggest this style of mineralization may play a key role in contributing to increased gold resources at the Golden Zone Property. The BLT shear zone also remains of interest. The presence of gold over the strike length tested by widely spaced drill holes (800 m) raises the question of whether there may be a second source independent of the BPD feeding the BLT?"


Avidian, with the assistance of consultant Cyrill Orssich, considered an expert in breccia pipe deposits and the Tintina Belt style of mineralization, re-examined various surface exposures on the property and selected drill core from the Breccia Pipe deposit ("BPD"), the Mayflower Extension Zone ("MEZ") (Figure 1) and the BLT Zone, as well as the resource model at the BPD.


On the basis of the review it is apparent from a comparison of the high density of drilling at the BPD with the computer model which defines the resource, that the vast majority of the historical drilling converges at a depth of approximately 200 m from surface. At this depth the drill holes are almost entirely within the breccia pipe, leaving the margins of the pipe poorly defined and the enclosing mineralized monzodiorite untested, particularly in the southwest portion of the breccia body. A total of 1,560 m of drilling is proposed to test the margins of the breccia pipe and the mineralized monzodiorite on either side of the BPD.


A re-examination of selected core in the MEZ and BLT areas (see Figure 2) was completed to further refine the interpreted mineralization and define drill targets that could add additional gold ounces in the vicinity of the BPD. A soil/biogeochemical survey (Figure 3) was completed during the 2019 work program to the northeast of these zones to establish continuity of the MEZ and BLT along strike in areas of no outcrop.


The MEZ is located approximately 300 m northeast of the BPD (see Figure 2). The discovery hole, GZ17-10, returned 21.6 m grading 1.46 g/t Au in a conglomeratic unit. GZ18-02, drilled 50 m southwest of hole GZ17-10, intersected 17.7 m grading 2.12 g/t Au in similar mineralization. Core from seven holes drilled between 2005 and 2018 was re-examined and it was determined that mineralized intersections all have the same skarn/replacement style features. This type of mineralization occurs over a strike length of at least 350 m, and to a vertical depth of at least 150 m (Figure 4). Drilling has only partially tested this zone. It remains open to the northeast where gold-in-soil anomalies occur along the projected strike extension (Figure 3). Avidian is finalizing collar locations for additional drilling in the MEZ to both infill the known area of mineralization as well as to test the extension of this zone to the northeast.


The BLT Zone is a variably mineralized shear zone that can be traced over a strike length of approximately 1.5 km and cuts through the southern portion of the BPD (Figure 2). This zone has been very sparsely drill tested and also represents peripheral gold mineralization that could increase the overall gold resource in the vicinity of the BPD. Avidian's hole GZ17-03B returned 64.0 m @ 0.65 g/t Au in the BLT Zone. Core from 23 historical and Avidian drill holes was examined to determine the presence or absence of "BLT style mineralization", which consists of strong stockwork veins of fine-grained silica. This material was traced over 800 m strike length as determined from the core review. Gold anomalies in the recently completed soil survey (Figure 3) suggest that the zone continues to the northeast for at least 200 m, where it is untested by drilling. A total of 1,340 m of drilling in eight short drill holes will be required to confirm the continuity of the mineralization along strike from existing intercepts.


All drill core assays noted above are presented in core length as at this time there is insufficient data with respect to the orientation of the mineralized intersections to calculate true widths.


Figure 1: Golden Zone Property Mineralization



Figure 2: Breccia Pipe Deposit, MEZ and BLT Zones



Figure 3: 2019 Soil Survey



Figure 4: MEZ Longitudinal Section



Background Information on the Golden Zone Property


The property lies within the prolific gold endowed Tintina Gold Belt with mineralization styles on the property directly associated with Reduced Intrusive Gold Related System ("RIGRS") deposits with numerous polymetallic, gold-dominated showings contained within three fault-bounded belts or corridors. All the known mineralization is spatially associated with Cretaceous age intrusive rocks, analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt. The mineralized occurrences on the project extend for well over 15 km of strike length (see Figure 1). There are several regional scale exploration targets in the central and southern portions of the property for gold-copper mineralization.


The property also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au) within the Breccia Pipe Deposit. This resource is exposed on surface and was pit constrained for an open-pit mining scenario.


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.


Avidian is the majority owner of High Tide Resources, a private company, that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/566367/Avidian-Defines-Resource-Expansion-Potential-at-the-Golden-Zone-Project-Alaska

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8020 Admin

2 days ago

8020 Admin posted a press release Avidian Discovers New Gold Showing at the Golden Zone Project, Alaska; 5.17 g/t Au and 4.2 g/t Au with 2.77% Cu, from Grab Samples in AVIDIAN GOLD CORP.

TORONTO, ONTARIO / ACCESSWIRE / November 11, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) wishes to report the prospecting results from its 2019 summer program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, Alaska, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks.



Following up on the discovery of the JJ and J4 Zones in 2018, Avidian completed a summer field program designed primarily to further define the extent of the JJ - J4 Zone mineralization as well as evaluate a number of colour anomalies for additional JJ - J4 type discoveries or other mineralization on a regional scale.


Highlights of the 2019 field program are as follows:



  • Discovery of a new mineralized occurrence (MJ) located 3.4 km SW of the JJ Zone; MJ returned grab samples of 5.17 g/t Au and 4.2 g/t Au and 2.77% Cu over an area at least 200 m x 200 m and open.



  • Prospecting at the JJ - J4 Zone discovery made in late 2018 has extended the strike length of this occurrence to at least 750 m and it still remains open in both directions; it is now identified over an area of 120 m wide, 300 m in height from the valley floor and >750 m in length with highlight grab samples of gossan zones ranging from 2.08 g/t Au to 6.14 g/t Au and chip samples of 12.0 m @ 1.40 g/t Au and 6.0 m @ 1.85 g/t Au.


Dave Anderson, Chairman and CEO of Avidian states "The helicopter borne prospecting program allowed geologists to access more remote areas associated with the JJ/J4 zone as well as aid in the discovery of the new MJ zone located in the southern portion of our property. The discovery of the MJ gold occurrence demonstrates the regional prospectivity of the 15 km long mineralization trend encompassed by the district scale Golden Zone property. We are encouraged by sampling results from both areas and it appears that weathering may be a factor in the surface evaluation of these targets given the sporadic nature of the gold. Ultimately drill testing below the weathered profile will be the quickest way to understand the distribution of Au not only in the intrusives but the sediments as well."


A new occurrence referred to as the MJ showing (Figures 1 and 2) was discovered on the western margin of the Golden Zone property during the 2019 prospecting program. This occurrence is situated approximately 3.4 km southwest and along the same general strike of the JJ -J4 Zones. The area is difficult to access due to its mountainous terrain, so limited time was spent on sampling and mapping to define the true extent of this area. The work that was completed suggests the mineralization pyrite, chalcopyrite, bornite and pyrrhotite that is found in veins and disseminations within sediments is related to a quartz feldspar porphyry intrusion with adjacent hornfels. A total of 18 grab samples were collected (Figure 2) with results ranging from below detection to 5.17 g/t Au; eight samples had more than 0.1 g/t Au, and one had 4.2 g/t Au and 2.77% Cu. The 5.17 g/t Au grab sample was from a strongly silicified sediment (hornfels) with mineralized quartz veins up to 2 cm wide with pyrite, chalcopyrite and bornite. The 4.2 g/t Au sample was from a rusty orange talus gossan with semi-massive to massive sulphide (50% pyrite and 5% chalcopyrite). Both these samples were taken from blocky angular talus believed to be derived from a nearby slope or cliff face. Overall the preliminary results from this occurrence are considered quite encouraging with high-grade talus samples (likely local) and up to 0.89 g/t Au from outcrop samples. Anomalous gold values (>0.1 g/t) occur over an area 200 m x 200 m. This prospect is considered a high priority area that will require further follow-up in the immediate and adjacent areas to define its full extent prior to planning a drill program.


The JJ Zone and its extension into the J4 Zone (Figure 1) were discovered in 2018 and precipitated the expansion of the Golden Zone property to its present 105.5 km2. These zones are dominated by siltstone, intermixed with multiple limonite-bearing gossans up to 3 m thick; these contain significant to semi-massive pyrite with nil to trace pyrrhotite, chalcopyrite, sphalerite and arsenopyrite. Typical siltstone contains up to 2% pyrite, whereas the pyrite-rich gossans may be original sandstone beds that were more permeable and thus formed conduits for mineralizing fluids. The stratigraphy of these zones strikes NE-SW with anomalous gold (> 0.1 g/t Au) now defined over a combined strike length of >750 m and approximately 120 m wide and 300 m in height to the valley floor.


The JJ Zone was chip sampled at 1 m intervals over an approximate stratigraphic thickness of 120 m in 2019 following up on the 2018 grab sampling program where eight of twenty-three grab assayed greater than 0.95 g/t Au. Highlight samples in the gossan zones ranged from 2.08 g/t Au to 6.14 g/t Au and samples from interbedded siltstone sediments ranged from 0.098 g/t Au to 0.965 g/t Au (press release of September 10, 2018). Results from the 2019 chip sampling program ranged from below detection up to a maximum of 5.37 g/t Au. The best result was 12.0 m @ 1.40 g/t Au; a different location returned 6.0 m @ 1.85 g/t Au (Figure 3).


The J4 Zone was intermittently sampled (due to exposure issues as many of the veins are covered by colluvium or talus or trend into unreachable areas) across an approximate stratigraphic thickness of 120 m; the best result was 4.0 m @ 0.44 g/t Au. The prospecting/sampling program extended the mineralization at the J4 Zone by another 150 - 180 m south (Figure 4). Results from the J4 extension prospecting range from below detection up to a maximum of 0.87 g/t Au. Based on the preliminary nature of the sampling and the weathered nature of the gossans in the J4 area these are considered favourable results.


Further follow-up mapping and sampling will be needed at the JJ - J4 Zone as this is a highly prospective, large footprint that remains open in both directions. This follow-up program will then be able to develop an appropriate drilling program.


It should be noted that, due to their selective nature, assay results from grab samples noted may not be representative of the overall grade and extent of mineralization on the subject areas.


Figure 1: Golden Zone Property Mineralization



Figure 2: MJ Zone Grab Sample Results



Figure 3: JJ Zone



Figure 4: J4 Zone - Extension



Market Making Services


Avidian is pleased to announce that, subject to regulatory approval, it has retained Mackie Research Capital Corporation to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV") and other applicable legislation.


Mackie will trade shares of Avidian on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of Avidian's common shares. Under the terms of the agreement, Mackie will receive $4,500 per month payable quarterly in advance. The agreement is effective November 11, 2019 and has a term of 3 month, and can be extended upon mutual agreement of the parties / will continue in effect unless terminated by either party. There are no performance factors contained in the agreement and Mackie will not receive shares or options as compensation.


Mackie and the Company are unrelated and unaffiliated entities, but Mackie may provide investment banking services to the Company and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of the Company.


Mackie is one of Canada's largest independent full-service investment firms, and proudly traces its roots back to 1921. Mackie is privately owned by many of its 300 employees. As a fully integrated national investment dealer, Mackie offers a full complement of capital markets and wealth management services to private clients, institutions and growth companies.


Background Information on the Golden Zone Property


The property lies within the prolific gold endowed Tintina Gold Belt with mineralization styles on the property directly associated with Reduced Intrusive Gold Related System ("RIGRS") deposits with numerous polymetallic, gold-dominated showings contained within three fault-bounded belts or corridors. All the known mineralization is spatially associated with Cretaceous age intrusive rocks, analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt. The mineralized occurrences on the project extend for well over 15 km of strike length (see Figure 1). There are several regional scale exploration targets in the central and southern portions of the property for gold-copper mineralization.


The property also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au) within the Breccia Pipe Deposit. This resource is exposed on surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on November 17, 2017 and was authored by Leon McGarry, B.Sc., P.Geo. and Ian D. Trinder, M.Sc., P.Geo.


Quality Control/Quality Assurance


Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis. Samples were prepared at ALS Chemex's laboratory in Fairbanks, Alaska and shipped to their Vancouver facility for gold analysis by fire assay and other elements by ICP analysis. ALS is a certified and accredited laboratory service. Gold results varied from below detection to a high of 5.37 g/t.


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.


Avidian is the majority owner of High Tide Resources, a private company that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/565937/Avidian-Discovers-New-Gold-Showing-at-the-Golden-Zone-Project-Alaska-517-gt-Au-and-42-gt-Au-with-277-Cu-from-Grab-Samples

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8020 Admin

16 days ago

8020 Admin posted a press release High Tide Resources, a Subsidiary of Avidian Gold, Commences Soil Geochemical Survey on its Black Raven Gold Property in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / October 28, 2019 / High Tide Resources Corp. ("High Tide") is pleased to report that it has commenced a soil geochemical survey on its Black Raven property near Twillingate in north-central Newfoundland, Canada. High Tide is a private company that is majority owned by Avidian Gold Corp ("Avidian" - TSX-V:AVG).


As reported on September 27, in early 2019 High Tide conducted reconnaissance geology and prospecting as well as local stripping and detailed channel sampling in which three significant mineralized systems were recognized. High Tide's initial field work suggests that the three areas may be related to a single, large hydrothermal system.


In an effort to define the geochemical and geophysical footprint of these systems, and to test nearby ground which is poorly exposed, High Tide has commenced a geochemical soil survey on 200 m spaced lines at 25 m sample space resulting in approximately 1134 soil samples over the northern half of the property (see Map 1) which will be followed by an IP/Resistivity survey and/or drilling.



Map 1 - Geochemical soil sample locations


The Black Raven Property contains two small past producers (Stewart gold deposit and Frost Cove antimony deposit), as well as numerous discrete gold-bearing quartz-arsenopyrite veins. High Tide recognizes a prospective environment for Intrusion Related Gold Systems ("IRGS") type deposits, with mineralization occurring proximal to intrusions in a relatively accessible part of Newfoundland; the situation is similar to Avidian's properties in the Tintina Gold Belt in Alaska.


Qualified Person


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."


About High Tide Resources Corp.


High Tide is a private corporation that is focused on and committed to the development of advanced-stage mineral projects within Canada using industry best practices combined with a strong social license from local communities. It has a disciplined and veteran team of technical and business-oriented professionals that is advancing its Labrador West iron ore property, Strickland base metal property and Black Raven gold property, all located in Newfoundland & Labrador, Canada. High Tide is majority owned by Avidian Gold Corp.


For further information, please contact:


Bonnie Hughes, Manager Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Steve Roebuck
High Tide President & VP Exploration
Mobile: +1 (905) 741-5458
Email: sroebuck@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/564388/High-Tide-Resources-a-Subsidiary-of-Avidian-Gold-Commences-Soil-Geochemical-Survey-on-its-Black-Raven-Gold-Property

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8020 Admin

23 days ago

8020 Admin posted a press release Avidian Gold Reports 1.24 g/t Au over 94.5 m from Amanita Property Trenching Program Adjacent to Fort Knox Gold Mine in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / October 21, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to report the results from its 2019 Trenching program at its Amanita property. The Amanita property is comprised of State of Alaska claims totaling 1,460 hectares (14.6 sq km) and is located 15 km northeast of Fairbanks, Alaska, and approximately 5 km southwest and contiguous to the Fort Knox open-pit gold mine (Figure 1).


During the summer of 2019, Avidian carried out an exploration program whereby a total of six trenches were excavated for 1,725 m with 722 samples collected with variable sample lengths of 1.5 m or 3.0 m. Highlight results include:


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=AVG%3ACX2&qmodStoryID=7646193740393470 

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Avidian Gold Corp.

lockPrivate Group

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.

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Avidian Gold Corp.

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A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly exper......

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8020 Admin

8 hours ago

8020 Admin posted a press release Avidian Defines Resource Expansion Potential at the Golden Zone Project, Alaska in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / November 13, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V: AVG) wishes to report additional project developments from its 2019 summer program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, Alaska, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks.



Following up on the successful 2018 results, Avidian completed a summer field program comprised primarily of selective core relogging and soil sampling with the objective to:


i. outline a 2020 drilling program to expand and refine the existing Breccia Pipe Deposit gold resource; and


ii. define new potential gold resource targets in the vicinity of the Breccia Pipe Deposit through the delineation of drill targets adjacent to the Breccia Pipe deposit, specifically at the Mayflower Extension Zone and BLT shear zone.


Highlights of the field program are as follows.



  • The Breccia Pipe deposit has had limited drill testing below 200 m from surface resulting in incomplete testing of the margins of the pipe, as well as the enclosing mineralized monzodiorite host rock, particularly in the southwest portion of the breccia body.



  • Adjacent to the Breccia Pipe deposit is the Mayflower Extension Zone, which is predominantly skarn/replacement type mineralization within a conglomeratic unit, occurring over a strike length of 350 m. The most apparent extension of this zone is to the NE where it projects into a gold-in-soil anomaly.



  • the BLT shear zone mineralization that trends through the Breccia Pipe deposit and currently forms a small part of the present resource can be traced for over 1.5 km. Limited drilling has been completed on the BLT shear zone over this strike length. It remains open to the NE where it strikes into a gold-in-soil anomaly.


Dave Anderson, Chairman and CEO of Avidian states "The results of the 2019 program continue to support our belief that there is excellent potential to increase the known resource in the immediate area of the Breccia Pipe Deposit. The delineation of skarn mineralization in conglomerate units that can be traced for some distance in the both the MEZ and Copper King areas suggest this style of mineralization may play a key role in contributing to increased gold resources at the Golden Zone Property. The BLT shear zone also remains of interest. The presence of gold over the strike length tested by widely spaced drill holes (800 m) raises the question of whether there may be a second source independent of the BPD feeding the BLT?"


Avidian, with the assistance of consultant Cyrill Orssich, considered an expert in breccia pipe deposits and the Tintina Belt style of mineralization, re-examined various surface exposures on the property and selected drill core from the Breccia Pipe deposit ("BPD"), the Mayflower Extension Zone ("MEZ") (Figure 1) and the BLT Zone, as well as the resource model at the BPD.


On the basis of the review it is apparent from a comparison of the high density of drilling at the BPD with the computer model which defines the resource, that the vast majority of the historical drilling converges at a depth of approximately 200 m from surface. At this depth the drill holes are almost entirely within the breccia pipe, leaving the margins of the pipe poorly defined and the enclosing mineralized monzodiorite untested, particularly in the southwest portion of the breccia body. A total of 1,560 m of drilling is proposed to test the margins of the breccia pipe and the mineralized monzodiorite on either side of the BPD.


A re-examination of selected core in the MEZ and BLT areas (see Figure 2) was completed to further refine the interpreted mineralization and define drill targets that could add additional gold ounces in the vicinity of the BPD. A soil/biogeochemical survey (Figure 3) was completed during the 2019 work program to the northeast of these zones to establish continuity of the MEZ and BLT along strike in areas of no outcrop.


The MEZ is located approximately 300 m northeast of the BPD (see Figure 2). The discovery hole, GZ17-10, returned 21.6 m grading 1.46 g/t Au in a conglomeratic unit. GZ18-02, drilled 50 m southwest of hole GZ17-10, intersected 17.7 m grading 2.12 g/t Au in similar mineralization. Core from seven holes drilled between 2005 and 2018 was re-examined and it was determined that mineralized intersections all have the same skarn/replacement style features. This type of mineralization occurs over a strike length of at least 350 m, and to a vertical depth of at least 150 m (Figure 4). Drilling has only partially tested this zone. It remains open to the northeast where gold-in-soil anomalies occur along the projected strike extension (Figure 3). Avidian is finalizing collar locations for additional drilling in the MEZ to both infill the known area of mineralization as well as to test the extension of this zone to the northeast.


The BLT Zone is a variably mineralized shear zone that can be traced over a strike length of approximately 1.5 km and cuts through the southern portion of the BPD (Figure 2). This zone has been very sparsely drill tested and also represents peripheral gold mineralization that could increase the overall gold resource in the vicinity of the BPD. Avidian's hole GZ17-03B returned 64.0 m @ 0.65 g/t Au in the BLT Zone. Core from 23 historical and Avidian drill holes was examined to determine the presence or absence of "BLT style mineralization", which consists of strong stockwork veins of fine-grained silica. This material was traced over 800 m strike length as determined from the core review. Gold anomalies in the recently completed soil survey (Figure 3) suggest that the zone continues to the northeast for at least 200 m, where it is untested by drilling. A total of 1,340 m of drilling in eight short drill holes will be required to confirm the continuity of the mineralization along strike from existing intercepts.


All drill core assays noted above are presented in core length as at this time there is insufficient data with respect to the orientation of the mineralized intersections to calculate true widths.


Figure 1: Golden Zone Property Mineralization



Figure 2: Breccia Pipe Deposit, MEZ and BLT Zones



Figure 3: 2019 Soil Survey



Figure 4: MEZ Longitudinal Section



Background Information on the Golden Zone Property


The property lies within the prolific gold endowed Tintina Gold Belt with mineralization styles on the property directly associated with Reduced Intrusive Gold Related System ("RIGRS") deposits with numerous polymetallic, gold-dominated showings contained within three fault-bounded belts or corridors. All the known mineralization is spatially associated with Cretaceous age intrusive rocks, analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt. The mineralized occurrences on the project extend for well over 15 km of strike length (see Figure 1). There are several regional scale exploration targets in the central and southern portions of the property for gold-copper mineralization.


The property also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au) within the Breccia Pipe Deposit. This resource is exposed on surface and was pit constrained for an open-pit mining scenario.


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.


Avidian is the majority owner of High Tide Resources, a private company, that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/566367/Avidian-Defines-Resource-Expansion-Potential-at-the-Golden-Zone-Project-Alaska

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8020 Admin

2 days ago

8020 Admin posted a press release Avidian Discovers New Gold Showing at the Golden Zone Project, Alaska; 5.17 g/t Au and 4.2 g/t Au with 2.77% Cu, from Grab Samples in AVIDIAN GOLD CORP.

TORONTO, ONTARIO / ACCESSWIRE / November 11, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) wishes to report the prospecting results from its 2019 summer program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, Alaska, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks.



Following up on the discovery of the JJ and J4 Zones in 2018, Avidian completed a summer field program designed primarily to further define the extent of the JJ - J4 Zone mineralization as well as evaluate a number of colour anomalies for additional JJ - J4 type discoveries or other mineralization on a regional scale.


Highlights of the 2019 field program are as follows:



  • Discovery of a new mineralized occurrence (MJ) located 3.4 km SW of the JJ Zone; MJ returned grab samples of 5.17 g/t Au and 4.2 g/t Au and 2.77% Cu over an area at least 200 m x 200 m and open.



  • Prospecting at the JJ - J4 Zone discovery made in late 2018 has extended the strike length of this occurrence to at least 750 m and it still remains open in both directions; it is now identified over an area of 120 m wide, 300 m in height from the valley floor and >750 m in length with highlight grab samples of gossan zones ranging from 2.08 g/t Au to 6.14 g/t Au and chip samples of 12.0 m @ 1.40 g/t Au and 6.0 m @ 1.85 g/t Au.


Dave Anderson, Chairman and CEO of Avidian states "The helicopter borne prospecting program allowed geologists to access more remote areas associated with the JJ/J4 zone as well as aid in the discovery of the new MJ zone located in the southern portion of our property. The discovery of the MJ gold occurrence demonstrates the regional prospectivity of the 15 km long mineralization trend encompassed by the district scale Golden Zone property. We are encouraged by sampling results from both areas and it appears that weathering may be a factor in the surface evaluation of these targets given the sporadic nature of the gold. Ultimately drill testing below the weathered profile will be the quickest way to understand the distribution of Au not only in the intrusives but the sediments as well."


A new occurrence referred to as the MJ showing (Figures 1 and 2) was discovered on the western margin of the Golden Zone property during the 2019 prospecting program. This occurrence is situated approximately 3.4 km southwest and along the same general strike of the JJ -J4 Zones. The area is difficult to access due to its mountainous terrain, so limited time was spent on sampling and mapping to define the true extent of this area. The work that was completed suggests the mineralization pyrite, chalcopyrite, bornite and pyrrhotite that is found in veins and disseminations within sediments is related to a quartz feldspar porphyry intrusion with adjacent hornfels. A total of 18 grab samples were collected (Figure 2) with results ranging from below detection to 5.17 g/t Au; eight samples had more than 0.1 g/t Au, and one had 4.2 g/t Au and 2.77% Cu. The 5.17 g/t Au grab sample was from a strongly silicified sediment (hornfels) with mineralized quartz veins up to 2 cm wide with pyrite, chalcopyrite and bornite. The 4.2 g/t Au sample was from a rusty orange talus gossan with semi-massive to massive sulphide (50% pyrite and 5% chalcopyrite). Both these samples were taken from blocky angular talus believed to be derived from a nearby slope or cliff face. Overall the preliminary results from this occurrence are considered quite encouraging with high-grade talus samples (likely local) and up to 0.89 g/t Au from outcrop samples. Anomalous gold values (>0.1 g/t) occur over an area 200 m x 200 m. This prospect is considered a high priority area that will require further follow-up in the immediate and adjacent areas to define its full extent prior to planning a drill program.


The JJ Zone and its extension into the J4 Zone (Figure 1) were discovered in 2018 and precipitated the expansion of the Golden Zone property to its present 105.5 km2. These zones are dominated by siltstone, intermixed with multiple limonite-bearing gossans up to 3 m thick; these contain significant to semi-massive pyrite with nil to trace pyrrhotite, chalcopyrite, sphalerite and arsenopyrite. Typical siltstone contains up to 2% pyrite, whereas the pyrite-rich gossans may be original sandstone beds that were more permeable and thus formed conduits for mineralizing fluids. The stratigraphy of these zones strikes NE-SW with anomalous gold (> 0.1 g/t Au) now defined over a combined strike length of >750 m and approximately 120 m wide and 300 m in height to the valley floor.


The JJ Zone was chip sampled at 1 m intervals over an approximate stratigraphic thickness of 120 m in 2019 following up on the 2018 grab sampling program where eight of twenty-three grab assayed greater than 0.95 g/t Au. Highlight samples in the gossan zones ranged from 2.08 g/t Au to 6.14 g/t Au and samples from interbedded siltstone sediments ranged from 0.098 g/t Au to 0.965 g/t Au (press release of September 10, 2018). Results from the 2019 chip sampling program ranged from below detection up to a maximum of 5.37 g/t Au. The best result was 12.0 m @ 1.40 g/t Au; a different location returned 6.0 m @ 1.85 g/t Au (Figure 3).


The J4 Zone was intermittently sampled (due to exposure issues as many of the veins are covered by colluvium or talus or trend into unreachable areas) across an approximate stratigraphic thickness of 120 m; the best result was 4.0 m @ 0.44 g/t Au. The prospecting/sampling program extended the mineralization at the J4 Zone by another 150 - 180 m south (Figure 4). Results from the J4 extension prospecting range from below detection up to a maximum of 0.87 g/t Au. Based on the preliminary nature of the sampling and the weathered nature of the gossans in the J4 area these are considered favourable results.


Further follow-up mapping and sampling will be needed at the JJ - J4 Zone as this is a highly prospective, large footprint that remains open in both directions. This follow-up program will then be able to develop an appropriate drilling program.


It should be noted that, due to their selective nature, assay results from grab samples noted may not be representative of the overall grade and extent of mineralization on the subject areas.


Figure 1: Golden Zone Property Mineralization



Figure 2: MJ Zone Grab Sample Results



Figure 3: JJ Zone



Figure 4: J4 Zone - Extension



Market Making Services


Avidian is pleased to announce that, subject to regulatory approval, it has retained Mackie Research Capital Corporation to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV") and other applicable legislation.


Mackie will trade shares of Avidian on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of Avidian's common shares. Under the terms of the agreement, Mackie will receive $4,500 per month payable quarterly in advance. The agreement is effective November 11, 2019 and has a term of 3 month, and can be extended upon mutual agreement of the parties / will continue in effect unless terminated by either party. There are no performance factors contained in the agreement and Mackie will not receive shares or options as compensation.


Mackie and the Company are unrelated and unaffiliated entities, but Mackie may provide investment banking services to the Company and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of the Company.


Mackie is one of Canada's largest independent full-service investment firms, and proudly traces its roots back to 1921. Mackie is privately owned by many of its 300 employees. As a fully integrated national investment dealer, Mackie offers a full complement of capital markets and wealth management services to private clients, institutions and growth companies.


Background Information on the Golden Zone Property


The property lies within the prolific gold endowed Tintina Gold Belt with mineralization styles on the property directly associated with Reduced Intrusive Gold Related System ("RIGRS") deposits with numerous polymetallic, gold-dominated showings contained within three fault-bounded belts or corridors. All the known mineralization is spatially associated with Cretaceous age intrusive rocks, analogous to what is observed in many of the large gold deposits within the Tintina Gold Belt. The mineralized occurrences on the project extend for well over 15 km of strike length (see Figure 1). There are several regional scale exploration targets in the central and southern portions of the property for gold-copper mineralization.


The property also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au) within the Breccia Pipe Deposit. This resource is exposed on surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on November 17, 2017 and was authored by Leon McGarry, B.Sc., P.Geo. and Ian D. Trinder, M.Sc., P.Geo.


Quality Control/Quality Assurance


Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis. Samples were prepared at ALS Chemex's laboratory in Fairbanks, Alaska and shipped to their Vancouver facility for gold analysis by fire assay and other elements by ICP analysis. ALS is a certified and accredited laboratory service. Gold results varied from below detection to a high of 5.37 g/t.


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include the Amanita gold property which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and the Jungo gold/copper property in Nevada.


Avidian is the majority owner of High Tide Resources, a private company that owns the base metal Strickland Property, the Black Raven gold property and an option on the Labrador West Iron Ore property, all located in Newfoundland and Labrador, Canada.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


Bonnie Hughes, Manger Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities law.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/565937/Avidian-Discovers-New-Gold-Showing-at-the-Golden-Zone-Project-Alaska-517-gt-Au-and-42-gt-Au-with-277-Cu-from-Grab-Samples

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8020 Admin

16 days ago

8020 Admin posted a press release High Tide Resources, a Subsidiary of Avidian Gold, Commences Soil Geochemical Survey on its Black Raven Gold Property in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / October 28, 2019 / High Tide Resources Corp. ("High Tide") is pleased to report that it has commenced a soil geochemical survey on its Black Raven property near Twillingate in north-central Newfoundland, Canada. High Tide is a private company that is majority owned by Avidian Gold Corp ("Avidian" - TSX-V:AVG).


As reported on September 27, in early 2019 High Tide conducted reconnaissance geology and prospecting as well as local stripping and detailed channel sampling in which three significant mineralized systems were recognized. High Tide's initial field work suggests that the three areas may be related to a single, large hydrothermal system.


In an effort to define the geochemical and geophysical footprint of these systems, and to test nearby ground which is poorly exposed, High Tide has commenced a geochemical soil survey on 200 m spaced lines at 25 m sample space resulting in approximately 1134 soil samples over the northern half of the property (see Map 1) which will be followed by an IP/Resistivity survey and/or drilling.



Map 1 - Geochemical soil sample locations


The Black Raven Property contains two small past producers (Stewart gold deposit and Frost Cove antimony deposit), as well as numerous discrete gold-bearing quartz-arsenopyrite veins. High Tide recognizes a prospective environment for Intrusion Related Gold Systems ("IRGS") type deposits, with mineralization occurring proximal to intrusions in a relatively accessible part of Newfoundland; the situation is similar to Avidian's properties in the Tintina Gold Belt in Alaska.


Qualified Person


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."


About High Tide Resources Corp.


High Tide is a private corporation that is focused on and committed to the development of advanced-stage mineral projects within Canada using industry best practices combined with a strong social license from local communities. It has a disciplined and veteran team of technical and business-oriented professionals that is advancing its Labrador West iron ore property, Strickland base metal property and Black Raven gold property, all located in Newfoundland & Labrador, Canada. High Tide is majority owned by Avidian Gold Corp.


For further information, please contact:


Bonnie Hughes, Manager Investor Relations
Mobile: +44 7538 296674
Email: info@avidiangold.com


Steve Roebuck
High Tide President & VP Exploration
Mobile: +1 (905) 741-5458
Email: sroebuck@avidiangold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.


SOURCE: Avidian Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/564388/High-Tide-Resources-a-Subsidiary-of-Avidian-Gold-Commences-Soil-Geochemical-Survey-on-its-Black-Raven-Gold-Property

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8020 Admin

23 days ago

8020 Admin posted a press release Avidian Gold Reports 1.24 g/t Au over 94.5 m from Amanita Property Trenching Program Adjacent to Fort Knox Gold Mine in AVIDIAN GOLD CORP.

TORONTO, ON / ACCESSWIRE / October 21, 2019 / Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to report the results from its 2019 Trenching program at its Amanita property. The Amanita property is comprised of State of Alaska claims totaling 1,460 hectares (14.6 sq km) and is located 15 km northeast of Fairbanks, Alaska, and approximately 5 km southwest and contiguous to the Fort Knox open-pit gold mine (Figure 1).


During the summer of 2019, Avidian carried out an exploration program whereby a total of six trenches were excavated for 1,725 m with 722 samples collected with variable sample lengths of 1.5 m or 3.0 m. Highlight results include:


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=AVG%3ACX2&qmodStoryID=7646193740393470 

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