Avidian Gold Corp.

Hot Smoke; Signs of Burning Fire!

Impact: Positive

Early signs of a major discovery at Copper King. Avidian released impressive drill and trenching results from this summer’s program, highlighted by 9.1m of 9.78% CuEq (or 15.48 g/t AuEq) in hole CK18-01. In our view, these results combined with previously released surface work and geophysics, suggest that Avidian is closing in on a larger porphyry source. We believe the market is giving the company no value for a potential major discovery in the prolific Tinitina Gold Belt (see detailed discussion for supporting thesis). We believe that Avidian’s Copper King and Long Creek targets have similar potential to GT Gold’s Saddle North.

  • Impressive results especially when placed in context - suggest company is vectoring towards something larger. Putting these strong trench and drill results in context with the previous work done, especially the geophysics (Figures 3-5), it appears that Avidian may have intersected the distal portion (skarn) of a larger intrusive porphyry system.
  • Follow up drilling results pending. The company has additional results pending from Copper King (2 holes – Figure 2) and Long Creek (3 holes – Figure 6). While these results may lead to discovery of a skarn hosted deposit, we expect all this data will help Avidian further refine the next drill program.
  • Drawing parallels to another hot discovery story as a guide. These results remind us of the initial Saddle North results announced by GT Gold (TSXV:GTT) for hole TTD062 in 2017, largely ignored by the market at the time (stock down 6% when released). This drill hole led to a discovery causing the market to add C$98M in value to GT Gold.
Porphyry discovery could add ~$1.75 to Avidian’s share price which is underpinned by an existing gold resource. Based on the evidence to date, we ascribe a 10% probability that AVG makes a major porphyry discovery and a further 50% chance that an economic base metal project is found. We also believe the current valuation is underpinned by the existing gold resource target (between 0.6Moz and 1.2Moz). Key Upcoming catalysts include: 1) Porphyry target drill results, and 2) Additional gold target drill results.



Avidian Gold Corp.

Big Breccia Hole Should Add Ounces; High-Potential Porphyry Results Pending

Impact: Positive

Avidian Gold announced exceptional drill results from the Breccia deposit and Mayflower Trend at its 100% owned Golden Zone project in Alaska. The results suggest to us there may be significant growth potential for the gold resource both respect to tonnes and grade.

  • Breccia deposit drilling points to higher grade and mineralization outside the Breccia pipe
  • Mayflower trend strike length extended over 400m; open at depth
  • Pending holes from the Long Creek and Copper King Au-Cu porphyry targets could be game changing
We are encouraged by these initial gold results from Avidian, as they point to the potential for a much larger gold deposit than previously thought possible (Figure 1). Additionally, we are looking forward to the pending results from the Long Creek and Copper King Au-Cu porphyry targets as these could be an even bigger catalyst for the stock, similar to what has happened with other recent exploration successes. Red Cloud Klondike Strike Inc. and Avidian will be hosting a conference call for investors to provide an exploration update on Tuesday October 2, 2018 at 2 pm EST.



Avidian Gold Corp.

New Gold Showing at Golden Zone

Impact: Positive

Avidian Gold has announced that it has discovered a new gold showing at its Golden Zone project and has staked an additional 4,403ha of ground immediately west, south and contiguous with its project, located 320 km north of Anchorage, Alaska.

  • After acquiring additional ground at the Golden Zone project, property-wide prospecting led to the discovery of multiple sulphide-bearing gossan zones ranging in thickness from 0.5-3.0m over a true width area of ~150m across ~300m in height, where the surface exposure of the new zone appears to extend into and through the mountain side to the other side giving a total strike length of ~450-500m (Figure 1)
  • The company obtained 23 grab samples across the 150 m width of the gossan with additional sampling underway, highlights include 6.14g/t Au, 5.41 g/t Au, 3.83g/t Au and 2.08 g/t Au
  • The JJ zone adds another large-scale potential target to the Golden Zone property, highlighting the district scale potential of it. We note that it now covers 105 sq. km of concessions (Figure 2)
In a previous report, we have highlighted that Avidian has only just scratched the surface at its highly prospective portfolio of exploration properties in Alaska where previous work has demonstrated signigicant potential. Near-term catalysts for the company include exploration drilling updates at its Golden Zone property, where assays are pending for a number of holes.



Avidian Gold Corp.

Avidian Gold: Big Target Exploration in a Good Jurisdiction

Avidian Gold is a new gold explorer backed by an experienced management team focused on unlocking the value of a new project in the mining friendly jurisdiction of Alaska.

  • Golden Zone has lots of smoke suggesting a significant discovery is possible, this summer’s drill program could start the fire
  • Long Creek Corridor represents a high potential Au-Cu target, with initial drill results pending
  • Current valuation reflects recent success, but plenty of upside possible with a discovery
Avidian has just scratched the surface at its highly prospective portfolio of exploration properties in Alaska. Near-term catalysts for the company include exploration drilling updates at its Golden Zone property starting in May followed by exploration activities at its Amanita and Jungo projects.


RCKS Charts

Catalysts are Key

In this edition of RCKS Charts, Keith has evaluated Toachi Mining Inc. (TSXV:TIM), Avidian Gold Corp. (TSXV:AVG), Aurania Resources Ltd. (TSXV:ARU), Novo Resources Corp. (TSXV:NVO), Golden Arrow Resources Corp. (TSXV:GRG) and NxGold Ltd. (TSXV:NXN).

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