The prime objective of the 2021 drill program will be delineation drilling of the NE-SWstriking mineralized trend intersected in hole AM20-02(Avidian Press Release dated
On
1.03 g/t Au at a depth of 75 m located approximately 80 m northeast of hole AM20-02. This mineralized zone remains open on strike in both directions and down dip. Drilling in 2021 will focus on expanding the on strike and down dip extent of this mineralized trend.
The mineralized trend tested by AM20-02 is one of several mineralized trends identified on the Amanita property. A second mineralized trend sub parallel and to the immediate south was tested by Kinross's historic hole AH-5. Avidian's hole AM20-03 was designed to test this zone. Assays are still pending but it is anticipated additional drilling will be done on this zone as well in 2021.
Avidian President
About
Avidian brings a disciplined and veteran team of project managers together with a focus on advanced stage gold exploration projects in
Avidian is the majority owner of High Tide Resources, a private company with an option on the Labrador West iron ore property located in
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
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