Toronto-based Avidian Gold Corp. (TSX-Venture:AVG) enthuses on the prospecting results from last summer’s program on its readily accessible Golden Zone property. The property is located 320 km north of Anchorage, and approximately 16 km west of the main transportation route between Anchorage and Fairbanks.
AVG claims to have discovered of a new mineralized occurrence 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.
To quote CEO Dave Anderson, "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."
Shares in AVG soared Monday afternoon by two cents, or 28.6%, to nine cents, on 74,000 shares.