Avidian Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

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 with an option on the Labrador West iron ore property and owns the base metal Strickland Property and the Black Raven gold 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.

Projects in Hand

Avidian has three advanced gold properties, the Golden Zone and Amanita properties, located in south–central Alaska, and the Jungo property located in Nevada, each having the potential to host a large gold deposit of world class stature.

The Golden Zone and Amanita properties lie within the prolific Tintina Gold Belt that hosts multi-million ounce gold deposits such as Donlin Creek, Fort Knox and Dublin Gulch. The Golden Zone and Amanita properties are close to infrastructure (both accessible by road with nearby rail and power), which is unusual in Alaska.

Gold Zone Project, Alaska

• 105.5 km2 property, 100% owned
• State of Alaska claims with an existing mining lease (31 years remaining)
• District scale: +15 km long mineralized corridors
• The Breccia Pipe Deposit with a 2017 NI 43-101 Resource
• Indicated 4.2 Mt @ 1.99 g/t Au = 267,400 oz Au
• Inferred 1.35 Mt @ 0.83 g/t Au = 35,900 oz Au
• open at depth with several untested nearby occurrences (MEZ & BLT Zones) that could expand this resource
• New large scale gold targets discovered by recent prospecting include the MJ, JJ & J4 Zones
• Mineralized Conglomerate traced for at least 2 km
• Trench Sample: 3.0 m @ 16.08 g/t Au, 50.6 g/t Ag, 0.78% Cu
• Very favorable geological setting to build a large scale deposit
• Fixed-wing Light Detection and Ranging (LiDAR) survey and drone magnetic survey completed that will define new targets

Amanita Project, Alaska

• 15 km2 property, 100% owned, contiguous to Fort Knox mine, located within the Fairbanks mineral district of Alaska, which has produced more than 20 million ounces of gold
• The main mineralized zone (Tonsina Trend) sits within a 2 km x 3 km gold in-soil anomaly directly on trend, 5.6 km south of the Fort Knox open-pit mine
• Highlight drill results (< 100 m from surface), along 1.6 km Tonsina Trend within property: 4.57 m @ 11.49 g/t Au; 22.86 m @ 1.01 g/t Au; 12.19 m @ 2.28 g/t Au and 13.72 m @ 3.02 g/t Au
• 2019 Trench results returned:
• 94.5 m @ 3.04 g/t Au; including 22.5 m @ 11.51 g/t Au
• 27.0 m @ 4.22 g/t Au; including 6.0 m @ 13.85 g/t Au
• The results from the recently completed high-resolution LiDAR and drone magnetic surveys have identified new targets of interest that Avidian intends to drill-test
• Drilling at Amanita is progressing very well, targeting the mineralization encountered from its 2019 trenching program. In total Avidian expects to drill between 10 to 15 holes for approximately 2,000 to 3,000 metres of NQ-sized core.

Jungo Project, Nevada

• 20 km2 property, 100% owned, located within the Humboldt mineral trend that hosts the multi-million ounce Hycroft and Sleeper gold deposits
• Previous Drilling:
• 4.3 m @ 1.7 g/t Au, 57.7 g/t Ag and 2.7% Cu
• 1.5 m @ 2.5 g/t Au, 71.6 g/t Ag and 0.7% Cu
• 12.2 m @ 1.3 g/t Au, 28.6 g/t Ag and 0.7% Cu
• Many geophysical and geologic targets remain untested along the 5 km mineralized trend, with only a small fraction of this system (< 1.5 km) partially tested to date.
• Drill Permits submitted to Bureau of Land Management (BLM) in August 2020

Management

Management and Directors

David Anderson, BSc, PGeo, Chairman, Director & CEO

Over 35 years experience in mining sector senior management and consulting roles

Founding shareholder and CEO of QGX Ltd. which was sold for $260M and founding shareholder of Antares Gold which was sold for $650M

Steve Roebuck, BSc, PGeo, President

Over 25 years experience in the mining and exploration industry

Capital market expertise including M&A strategies, junior financing (over $10 M), investor relations and marketing

Donna R. McLean, BA, CFO

Over 25 years experience; held the positions of CFO and Controller for several mineral exploration companies including Intrepid Mines, Metalla Royalty & Streaming, Firestone Ventures and Aurania Resources

Dr. Tom Setterfield, PhD, PGeo, VP Exploration

Over 35 years international exploration experience and considered an expert in IOCG, epithermal Au and VMS deposit types

Has acted as VP Exploration for public and private companies

Dino Titaro, MSc, PGeo, Director

Over 35 years experience in exploration and mining operations

Co-discoverer of 2 major gold-copper and gold-silver deposits

Douglas Kirwin, MSc, Director

Over 45 years experience and has held senior positions with Anglo American, Amax, Indochina Goldfields and Ivanhoe Mines

Involved in several major gold discoveries, including the Hugo Dummett deposit at Oyu Tolgoi in Mongolia

James Polson, MBA, Director

Over 20 years in the mining service industry; former CEO of a Hong Kong based construction and mining services company

Awarded the Emerging Leaders award for Entrepreneurship from the IVEY School of Business in 2011

Alexander Davidson, MSc, Technical Advisor

Former Executive Vice President Exploration and Corporate Development for Barrick Gold; recipient of the Prospector of the Year Award (PDAC 2003), the A.O. Dufresne Exploration Achievement Award (CIM 2005)

News Update

On September 30, 2020, Avidian Gold Corp. has provided an exploration update for its Amanita, Amanita NE and Golden Zone properties in Alaska and its Jungo property in Nevada.

Steve Roebuck, president of Avidian Gold, states: "Our exploration programs were delayed this year as a result of the numerous challenges brought upon by COVID-19. We are however pleased to confirm that we are in the process of advancing all properties with our main focus on Amanita. Currently we are drilling our seventh hole at Amanita and anticipate drilling three to five more holes before the end of this phase of the program. While we had hoped to continue drilling at Golden Zone these plans have been postponed as a result of the delay in initiating our 2020 exploration program. Regardless, the acquisition of additional ground containing identified targets confirms the district play of the Golden Zone property. We can also confirm that drill-ready targets have been identified in the Breccia pipe resource area and we are anxious to continue our expansion of the known resource as soon as feasible."

On September 3, 2020, Avidian Gold Corp. announced that its board of directors has approved the grant of 3.25 million stock options to certain members of management, directors and consultants of the Company. The options are exercisable into common shares of the Company at an exercise price of 28 cents per share and have a five-year term to maturity.

• August 2020 – Crescat Capital LLC invests $1.7M
• July 2020 – Eric Sprott invests $2M

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