Assays results from the remaining 9 holes are pending and will be released when received. The property is strategically located midway between
The MEZ represents a mineralized structural corridor directly adjacent to, and along strike of, the Breccia Pipe Deposit. The Breccia Pipe currently hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes grading 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes grading 0.83 g/t Au). The Technical Report on the Golden Zone Property,
In 2021 Avidian drilled 1,776.8 m in seventeen (17) shallow RC drill holes at the MEZ as part of a resource expansion program immediately peripheral to the Breccia Pipe Deposit. This drilling campaign was designed to follow up on the 2017 discovery of the previously unknown mineralized conglomerate tested by drill hole GZ17-10. GZ17-10 intersected 21.6 m grading 1.46 g/t Au and is located approximately 300 m northeast of the Breccia Pipe. Additional holes drilled at the MEZ in 2018 include GZ18-02 that intersected an upper zone of 5.74 m grading 3.72 g/t Au, and a mineralized zone that appears to correspond to the intersection in hole GZ17-10 that returned 17.7 m of 2.12 g/t Au. GZ18-02 ended in mineralization with an intersection of 17.7 m grading 1.04 g/t Au.
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Geological Discussion -
Avidian drilled 8 reverse-circulation drill holes within the northeast portion of the MEZ. Drill holes GZ21RC-01 through GZ21RC-06 and holes GZ21RC-26 and GZ21RZ-27 were drilled between 300 m to 600 m northeast of the Breccia Pipe Deposit. Holes GZ21RC-01 and GZ21RC-02 were drilled from the same drill site located 40 m to the northeast of holes GZ17-10 and GZ18-01. Hole GZ21RC-01 encountered difficult drilling conditions and was abandoned before reaching its target depth. GZ21RC-02 intersected 46.63 m @ 1.08 g/t Au in sediments comprised of interbedded siltstone, sandstone, and conglomerate cut by numerous structures and near-vertical felsic dikes. This wide zone of mineralization may reflect an association with preferential bedding horizons while the higher grades within the interval appear to be closely associated with narrow structural zones represented by clay fault gouge, increased silicification, and increased pyrite and arsenopyrite content up to 4%. The hole was stopped in weakly altered mineralized sedimentary units (approx 0.3 g/t Au) due to difficult drilling conditions. This mineralization remains open and untested at depth below 121.31 m and appears to be adjacent to a possible intrusive unit
Holes GZ21RC-03 and GZ21RC-04 were drilled from the same collar located 50 m northeast of holes GZ21RC-01 and GZ21RC-02. Hole GZ21RC-03 intersected three zones of mineralization hosted mostly in sandstone with lesser amounts of conglomerate. All three mineralized zones appear to be associated with narrow (1-2 m wide) quartz-feldspar porphyry dikes including an interval of 7.62 m @ 1.84 g/t Au. The bottom portion of the hole had a continuous 38.1 m @ 0.38 g/t Au interval of mineralization indication that this zone remains open at depth. GZ21RC-04 was drilled under GZ21RC-03 and only encountered two short zones of weak mineralization (15.24 m quartz-feldspar porphyry dike (hole terminated in the dike).
This hole provides Avidian with the justification to continue our expansion drilling and exploration efforts to the northeast and test for a possible new mineralized horizon both along strike and at depth. The last hole of the season, Hole GZ21RC-27, was drilled in between sites GZ21RC-01/02, and 3/4 in an attempt to test the zone at depth since holes GZ21RZ-01 and GZ21RC-04 failed to reach their target depths. This hole intersected a relatively shallow zone of 50.29 m @ 0.70 g/t Au that included 7.62 m @ 2.25 g/t Au hosted in a zone of strongly clay altered quartzfeldspar porphyry. This mineralization appears to be associated with increased sulphide content of up to 3% pyrite, 1% pyrrhotite, and arsenopyrite.
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Forward-looking information
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