Avidian Gold

Website: www.avidiangold.com
Primary ticker: TSXV:AVG
Stage of development: Exploration
Commodity: Gold, Gold + Copper, Iron Ore
Project to promote: Amanita Gold Project
Project location: Alaska, Nevada, Labrador & Newfoundland
Company presentation: click here

Live financials

Cash: USD$1.6M
Debt: USD$0.3M

Major shareholders:
CEO David Anderson – 10%
Industrial Alliance & Clients – 10%
Richardson GMP & Clients – 10%
Marquest Asset Management – 6%
Leede Jones Gable & Clients – 5%
Management Ownership – 17%

A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly experienced team of industry-savvy professionals that have a pedigree history of mineral discovery and business success.

Since the company’s inception, its strategic goal was to focus on the acquisition of gold properties that have the potential for hosting one or more “world class mineral discoveries”. We approached our acquisition strategy with discipline and evaluation patience, and focused solely within “known mine friendly jurisdictions” of North America. This has resulted in the company now holding a portfolio of mineral properties in Alaska and Nevada, USA, which we believe are all value creation gold assets for our stakeholders.

Management Profile

Steve Roebuck, President

Steve received his Bachelor of Science degree in 1995 from Concordia University and is a registered Professional Geoscientist and an NI 43-101 Qualified Person. For the past fifteen years he has held a variety of executive roles in the junior mining sector including Vice President of Exploration for Advanced Explorations Inc., President of Scorpio Gold Corporation, a 40,000-ounce per year gold producer with operations in Nevada, USA and most recently as President and CEO of Enforcer Gold Corp.


What is your rationale for attending 121 Mining Investment?

With the bulk of our gold exploration projects located in the U.S. we think it is important to expand our network to include U.S. based investors for market support and potential upcoming cash raises. We foresee drilling and resource development in Alaska this year and we are evaluating M&A opportunities as they present themselves.


What recent news would you like to highlight to investors attending?

Exploration at our Amanita Gold Project – located adjacent to Kinross Gold’s Fort Knox Gold Mine – will include drilling this year to follow up on the 2019 trench samples that ran 3.04 g/t Au over 94.5m.


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Prepare to put in motion summer exploration programs for Alaska-based gold projects, raise capital and investigate Reg A+ filing, look at QX/QB listing. Investigating potential JV opportunties for our Golden Zone project – multiple CA’s signed – site visits during summer months.

6 Months:

Execute drilling program on Amanita gold project and Labrador West iron project (this project has $700K CAD in flow through money already raised).

12 Months:

Build shareholder base throughout the US by marketing successful 2020 US gold exploration results, look at cash flow deals in the gold space.


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

COVID 19 is the great unknown right now. When will we be allowed to return to the field to start our exploration program? Access to capital is always a challenge and this is why we are looking at cash-flowing opportunities that could yield positive results as soon as 2021.


In a sentence, what do you think makes your company such a compelling investment?

Price, Management, Jurisdiction, Projects. Price: with a share price under 10 cents we are value priced. Management: our CEO David Anderson has delivered over $900MM in ROI to his shareholders through the sale of his companies QGX Ltd & Antares Minerals circa 2008 & 2010. Jurisdiction: Alaska, Nevada and Newfoundland & Labrador are globally the top mining jurisdictions with very low political risk. Projects: Golden Zone and Amanita in Alaska are top quality exploration projects with multi-million ounce potential, the Labrador West Iron Ore project has +1 Bt potential and is located in the heart of Canada’s iron mining camp with access to rail, port, hydro and skilled labour.

Analyst Insight – provided by Independent Investment Research

Avidian Gold is a TSX-V-listed company with a portfolio of mineral properties in Alaska and Nevada, USA. 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. From an exploration and development perspective,e these two properties are considered high-priority targets. They have well documented mineral occurrences of size and grade (with an initial NI 43-101 resource already established at Golden Zone) with significant historical investments with identified targets to follow up and are close to infrastructure (both accessible by road with nearby rail and power), which is unusual in Alaska.

The Jungo Property (formerly known as the Shawnee Creek Property) is located within the Humboldt mineral trend that hosts the multi-million ounce Hycroft and Sleeper gold deposits. This property also saw significant investment in the past with many targets not tested as result of depressed market and commodity prices.

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. From an exploration and development perspective these two properties are considered high priority targets. They have well documented mineral occurrences of size and grade and also boast significant historical investments with identified targets to follow up and are close to infrastructure (both accessible by road with nearby rail and power), which is unusual in Alaska.

Golden Zone hosts an initial NI 43-101 resource comprising an Indicated resource of 267,400 ounces Au and 1,397,800 oz Ag (4,187,000 tonnes at 1.99 g/t Au & 10.38 g/t Ag). This corridor can be traced for +4 km and hosts a number of other mineral occurrences, exposed in trenches and/or drill holes, containing high-grade gold mineralization.