Investor Presentation December 2017 Exploration Discovery Value - - PowerPoint PPT Presentation
Investor Presentation December 2017 Exploration Discovery Value - - PowerPoint PPT Presentation
Investor Presentation December 2017 Exploration Discovery Value Avidian Gold Forward Looking Statements This presentation (Presentation) contains forward-looking information that involves substantial known and unknown risks and
Avidian Gold
Forward Looking Statements
This presentation (“Presentation”) contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Avidian Gold Corp. (“Avidian”). Forward-looking statements include estimates and statements that describe Avidian’s future plans, objectives or goals, including words to the effect that Avidian or its 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. Although these statements are based on information currently available to Avidian, Avidian provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and
- ther factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking
information in this presentation includes, but is not limited to, Avidian’s objectives, goals or future plans, statements, exploration results, potential mineralization, Avidian’s portfolio, treasury, management team and enhanced capital markets profile, the proposed private placement, the timing of the Transaction, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, problems, expenses, difficulties, complications and delays frequently encountered in connection with the establishment of any business, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, unprofitable efforts resulting not only from the failure to discover mineral deposits but also from finding mineral deposits that, though present, are insufficient in quantity and quality to return a profit from production, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. There is no assurance that Avidian’s mineral exploration and development activities will result in any discoveries of commercial bodies of ore. Mining exploration requires ready access to mining equipment such as drills, and crews to operate that equipment. There can be no assurance that such resources will be available to Avidian on a timely basis or at a reasonable cost. Unusual or infrequent weather phenomena, sabotage, or other interference in the maintenance or provision of infrastructure required for mineral exploration could adversely affect Avidian’s
- perations, financial condition and results of operations. The further development and exploration of Avidian’s projects depends upon Avidian’s ability to obtain financing through equity financing, joint ventures, debt financing, or other means.
There is no assurance that Avidian will be successful in obtaining required financing as and when needed. There is no guarantee that Avidian’s title to such properties will not be challenged or impugned or that the appropriate permits and approvals will be obtainable on reasonable terms or on a timely basis; the licenses will be renewed upon their expiry; and that Avidian will be able to explore its properties as permitted or to enforce its rights with respect to its properties. Although Avidian believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this Presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Avidian disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The technical information contained in this presentation has been verified and approved by Dino Titaro and Tom Setterfield who are registered as a P.Geo in Ontario and a "Qualified Person" for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Notice to Canadian Residents The Presentation is not, and under no circumstances are to be construed as, an advertisement or a public offering of the securities referred to herein. The Presentation is not an offer to sell securities of Avidian and is not a solicitation of
- ffers to purchase these securities where the offer or sale is not permitted. No securities commission or similar authority in Canada has reviewed or in any way passed on the merits of the securities described herein and any representation to
the contrary is an offence. No person has been authorized to give any information or to make any representation other than as provided for herein. Notice to U.S. Persons The Presentation is not, and under no circumstances are to be construed as, an advertisement or a public offering of the securities referred to herein. The Presentation is not an offer to sell any securities of Avidian and is not a solicitation of
- ffers to purchase these securities where the offer or sale is not permitted.
No securities commission or similar authority in United States has reviewed or in any way passed on the merits of the securities described herein and any representation to the contrary is an offence. No person has been authorized to give any information or to make any representation other than as provided for herein. U.S. investors are advised that the terms “inferred” and “indicated” resources are recognized and required by Canadian regulations, however the U.S. SEC does not recognize the terms. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories would ever be converted to reserves.
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Avidian Gold
Overview of Avidian Gold
Proven Team
Industry experienced leaders Track record of deposit discovery and success Multi-faceted technical & business expertise
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Focused on High Quality Exploration Targets in Favourable Mining Jurisdictions
(1) Source: Fraser Institute Annual Survey of Mining Companies 2016 Investment Attractiveness Index
Focused Strategy
Operate within mining friendly jurisdictions of North America Advance high quality portfolio up the value chain Fill the gap in the discovery pipeline for new deposits
The Right Assets
Located within well endowed mineral belts in Alaska and Nevada Alaska ranked 14th by the Fraser Institute(1) Nevada ranked 4th by the Fraser Institute(1)
Avidian Gold
Alaska Properties
Golden Zone Property
Ø 100% owned (59 km2) Ø > 6 km gold mineralized corridors which have been sparsely drill tested Ø Numerous high grade showings: 5 g/t Au to > 25 g/t Au plus Ag ± base metals Ø NI 43-101 resource estimate of ~300 Koz Au and 1.5 Moz Ag (Nov. 2016): open with untested peripheral gold targets
Amanita Property
Ø 100% owned Ø Within a mining district that has produced +20 Moz Au Ø Directly on trend to the south of the 380,000 oz Au/year (0.5 g/t Au) producing Fort Knox Mine (Kinross) Ø Mineralization style analogous to Fort Knox, with grades > 1.0 g/t Au
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Strategically located within the prolific +130 Moz Au Tintina Gold Belt and near world-class gold deposits
Amanita Golden Zone
Avidian Gold
Golden Zone Property | Overview
Ø Prime Location with Excellent Access
- 320 km north of Anchorage,16 km west of main transportation route between
Anchorage and Fairbanks
- Year-round access via gravel road + airstrip with permanent camp
- State of Alaska claims with core of property in an existing mining lease (32
years remaining)
Ø Underexplored Property Package
- 59 km2 total land package, where less than 400 m of +6 km mineralized trends
has been drill tested
- Mineralization derived from a magmatic-hydrothermal process fully compatible
with Intrusion Related Gold Systems
- +2,500 m initial core drilling program completed in summer of 2017: New
zones of mineralization discovered
Ø Two Main Gold Target Corridor Areas (>6 km)
- Potential to host a series of deposit types ranging from higher-level systems
like Donlin Creek (+ 39 Moz) to deeper-level systems like Fort Knox (+ 8 Moz), Dublin Gulch (+ 6 Moz) and Pogo (+ 5 Moz)
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Advanced-stage exploration property; potential for one or more multi-million ounce gold deposits
Avidian Gold
Intrusion Related Gold Systems
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Deposit Types
Shallow level systems
- Breccia - veins
- Stockwork/disseminated with domes,
sills, and dikes Peripheral
- Skarn - replacement
- Veins and shear zones
Intrusion-hosted
- Sheeted +/- stockwork quartz veins
- Greisen-style, disseminated
Skarn - Replacement Distal Veins Au – Ag – Cu – Bi ± Pb - Zn Sheeted/Stockwork Veins Breccia - Sheeted Veins ~1 km Distal Veins Au – Ag - As – Bi ± Zn, Cu, Pb Sheer Zone Veins
Golden Zone Illustrative Model
Greisen - Disseminated Possible Mineralized Intrusives
“All 3 mineralization types found on the property”
Avidian Gold
Golden Zone Property | Land Tenure & Setting
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Setting
Ø Interlayered sediments and mafic volcanics intruded by Cretaceous to Tertiary intrusions; analogous setting to the large deposits in the Tintina Belt Ø Deposit analogies; Donlin Creek (+ 39 Moz), Fort Knox (+ 8 Moz) and Dublin Gulch (+ 6 Moz)
Mineralization
Ø Intrusive Related Gold System Model Ø Hosted within 3 structural corridors Ø Formed in a proximal environment & at a relatively shallow paleodepth to the source intrusives
- High-grade Au-As (Ag ± base metals)
- Au-Ag ± Cu
- Stockwork/sheeted vein mineralization
Land Tenure Surface Gold Samples
Avidian Gold
Golden Zone Property | Target Areas
1. Golden Zone Corridor (> 4 km mineralized trend)
Ø Key prospects: Breccia Pipe Deposit, BLT Zone & area, Riverside/Banner/Lupine:
- High grade Au surface occurrences: 5 g/t Au to > 25 g/t Au plus Ag ± base metals
- Breccia Pipe Deposit: ~300 Koz Au Indicated + Inferred resource
- New Breccia occurrence discovered west of the Breccia Pipe deposit
- New mineralization discovered in vicinity of the Breccia Pipe Deposit from the
2017 drilling program: 21.6 m @ 1.46 g/t Au
- New high grade drill results from the 2017 drilling program at Riverside: 3.4 m @ 4.23
g/t Au (includes 1.0 m @ 12.2 g/t Au), 1.0 m @ 4.6 g/t Au - associated with a quartz feldspar porphyry dike that can be traced over 1 km
- <400 m of +4 km trend has seen drilling
2. Long Creek Corridor (> 2 km mineralized trend)
Ø 3 major high grade Au-Ag ± Cu occurrences (Copper King, Long Creek and S. Long Creek):
- A number of high grade areas: i.e., 13.72 m at 7.01 g/t Au, 94.1 g/t Ag and 4.0% Cu
- 2017 IP survey identified new chargeability highs – spatially associated with intrusive
- Granite stockwork porphyry dike (4.8 g/t Au, 106 g/t Ag, 1.4% Cu) likely associated with a
larger proximal mineralized intrusive(s)
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Note: Drill Intersections are core length.
Rock/Soil Anomaly Magnetic Low= Possible Intrusion Stream Sediment Anomaly Alteration Anomaly
Breccia Pipe Deposit, BLT, Mayflower, West Breccia Copper King Long Creek
- S. Long Creek
Riverside/Banner/Lupine 2 Km
Avidian Gold
Golden Zone Corridor (> 4 km long)
Ø Skarns, carbonate replacements, vein, shear zones & breccia pipe mineralization. Ø Typified by Au-Ag-As-Bi-Sb ± Zn, Cu, Pb
Long Creek Corridor (> 2 km long)
Ø Skarn, carbonate replacement, stockwork porphyries. Ø Typified by Ag-Cu-Au-Bi
Silver Dikes Corridor
Ø Veins, shear zones associated with granitic dikes. Ø Typified by Ag-Bi-Pb-Zn & Sn
Golden Zone Property | Mineralized Corridors
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Golden Zone Corridor (> 4 Km long)
Ø Skarns, carbonate replacements, vein, shear zones & breccia pipe mineralization. Ø Typified by Au-Ag-As-Bi ± Zn, Cu, Pb
Long Creek Corridor (+> Km long)
Ø Skarn, carbonate replacement, porphyries. Ø Typified by Ag-Cu-Au-Bi
Silver Dikes Corridor
Ø Veins, shear zones associated with granitic dikes. Ø Typified by Ag-Bi-Pb-Zn & Sn
Avidian Gold
Golden Zone Property | Mineral Occurrences
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Mineral Occurrences Spatially Related to Magnetic & Structural Features 2017 Work program
Ø Historical work compilation, includes reviewing selected historical core drilling, primarily in the Breccia Pipe Deposit Ø 43 line km of IP surveys, focused at Riverside, Breccia Pipe area and Copper King to S Long Creek Ø Mapping, reconnaissance prospecting, rock sampling & soil sampling Ø + 2,500 m of core drilling – Breccia Pipe peripheral mineralization and at Riverside
Riverside Banner Copper King Long Creek S Long Creek GAS Lupine Bunkhouse BLT Shear Zone Breccia Pipe Deposit West Breccia Mayflower BLT Shear Zone Extension
Airborne Magnetics With Occurrences Shown
Riverside Banner Lupine Bunkhouse Mayflower West Breccia Breccia Pipe Gas Long Creek Copper King Silver Dikes S Long Creek
Avidian Gold
Other Prospects and Significant Results
Bunkhouse: 22.9 m @ 2.8 g/t Au Riverside: 177.5 g/t Au, 10 g/t Ag and 0.11% Cu (New Drill hole: 3.4 m @ 4.23 g/t Au (includes 1.0 m @ 12.2 g/t Au) Wells Vein: 5.95 m @ 6.7 g/t Au, 7.6 g/t Ag, 0.8% Cu West Breccia Pipe (New Discovery): 14.64 g/t Au, 355 g/t Ag, 4.49% Pb, 3.68% Zn
Golden Zone Corridor
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1
Breccia Pipe Deposit*
2 3 4 5
§
- Nov. 2016. Amenable to open–pit mining (3.6 strip ratio). Conventional milling and processing. Base metals not analyzed. Whittle shell generated using a $1,350/oz gold price
§ 0.5 g/t Au cut-off. Assay capping values for gold: Porphyry- 20 g/t Au, Silica Breccia- 25 g/t Au, Sulphide Breccia- 35 g/t Au, Shear Zone- uncapped; & for silver values: Porphyry- 60 g/t Ag, Silica Breccia- 130 g/t Ag, Sulphide Breccia- 200 g/t Ag, Shear Zone- 40 g/t Ag.
Category Deposit Type Tonnes Au Ag Grade (g/t) Ozs Grade (g/t) Ozs Indicated Porphyry 1,811,000 0.89 52,200 3.2 186,300 Silica Breccia 369,000 0.93 11,100 8.64 102,500 Sulphide 2,007,000 3.17 204,300 17.19 1,109,000 TOTAL 4,187,000 1.99 267,400 10.38 1,397,800 Inferred Porphyry 142,000 0.75 3,400 1.84 8,400 Shear Zone 1,216,000 0.83 32,600 2.65 103,400 TOTAL 1,353,000 0.83 35,900 2.56 111,400
3 4
Lupine Banner
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2
1
Avidian Gold
Golden Zone Property | Breccia Pipe Deposit Area
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Mayflower Area
Ability to Expand Resource
Ø Host Porphyry mineralization –
- not fully drilled out
Ø BLT Shear Zone mineralization –
- pen internally and along strike: can be
traced to the southwest > 1 km Ø Mayflower Trend:
- 6.10 m @ 8.31 g/t Au, 54.2 g/t Ag
(trench): sparsely drill tested not fully evaluated (not in the current resource)
Breccia Pipe Looking SW
Avidian Gold
Golden Zone Property | 2017 DDH: Breccia Pipe
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GZ17-05 GZ17-02 GZ17-01 GZ17-08
10.5 m @ 1.54 g/t Au
GZ17-04
100 m 10.4 m @ 1.13 g/t Au 50.0 m @ 0.73 g/t Au
Includes: 6 m @ 1.76 g/t Au
2.12 m @ 3.64 g/t Au (hole 2) 3.0 m @ 1.27 g/t Au (hole 2) 67 m @ 4.93 g/t Au
Includes: 46.4 m @ 6.57 g/t Au (hole 2)
64 m @ 0.65 g/t Au
Includes: 15 m @ 0.91 g/t Au & 5 m @ 2.01 g/t Au
GZ17-03B GZ17-09 Porphyry Breccia
28 m @ 2.19 g/t Au
Includes: 15.05 m @ 3.73 g/t Au
1.5 m @ 1.34 g/t Au 6.0 m @ 2.54 g/t Au & 77.7 m @ 1.87 g/t Au (hole 9) 1.6 m @ 7.76 g/t Au
DDH GZ17 – 01, 02 & 09 drilled to:
Ø Test edges of the Breccia Pipe Ø Test the monzodiorite/porphyry host for additional mineralization, plus BLT Zone at depth Ø Test for possible breccia mineralization at depth and down plunge
DDH GZ17 – 3B drilled to:
Ø Evaluate the BLT Zone near surface in an oblique direction
DDH GZ17 – 05 drilled to:
Ø Test mineralization outside conceptual pit in the Mayflower trend area and the monzodiorite/sediments
DDH GZ17 – 04 & 08 drilled:
Ø For geological/geophysical information towards the Byrn Mawr fault zone
Note: Drill Intersections are core length.
Avidian Gold
Golden Zone Property | 2017 DDH: Breccia Pipe Section
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67 m @ 4.93 g/t Au
Includes: 46.4 m @ 6.57 g/t Au
6.0 m @ 2.54 g/t Au & 77.7 m @ 1.87 g/t Au
? Open ?
1.5 m @ 2.5 g/t Au 1.2 m @ 3.05 g/t Au
Hole GZ 17 – 02 at 137 m, py, aspy bx zone 2.0 m @ 10.5 g/t Au Aspy rimmed clasts cut by py Sulphide (py & aspy) veins
Note: Drill Intersections are core length.
Avidian Gold
Golden Zone Property | 2017 DDH: Breccia Pipe Section
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28 m @ 2.19 g/t Au 50 m @ 0.73 g/t Au 1.6 m @ 7.76 g/t Au Bx Zone
Open ? ?
10.4 m @ 1.13 g/t Au
At 345 m – 1.6 m @ 7.76 g/t Au
galena py aspy sphalerite cpy
BX Pipe at 182 m 2.0 m @ 10.75 g/t Au
Note: Drill Intersections are core length.
Avidian Gold
Golden Zone Property | Mayflower Trend
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Ø Sparsely tested Ø Better understanding of mineralization in 2017, +300 m and
- pen
Ø Hole GZ17-10 drilled to test possible extension of the Mayflower trend to northeast and associated IP target Ø New, previously unknown conglomeratic unit intersected in GZ17 -10: 21.6 m @1.46 g/t Au – may correlate with intersection at the top of hole GZ17 -05 (10.5 m @ 1.54 g/t Au) Ø Open internally and to the northeast where no work has been done
Note: Holes GZ17-04 & 08 not shown for clarity purposes only
4.57 m @ 1.85 g/t Au 5.5 m @ 3.12 g/t Au 3.8 m @ 2.03 g/t Au 6.1 m @ 8.31 g/t Au 4.6 m @ 7.29 g/t Au 10.5 m @ 1.54 g/t Au 3.0 m @ 1.52 g/t Au 21.6 m @ 1.46 g/t Au 2.1 m @ 2.4 g/t Au Note: Drill Intersections are core length.
Avidian Gold
Golden Zone Property | West Breccia Discovery
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West Breccia Area 14.64 g/t Au, 355 g/t Ag
Note: Holes GZ17-04 & 08 not shown for clarity purposes only – No Significant Results
Avidian Gold
Golden Zone Property | Riverside – Banner
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Ø Riverside surface showings have notable high grade gold mineralization over narrow widths Ø Mineralization associated with a quartz feldspar porphyry that can be traced over +1 km to the southwest towards the Banner Zone Ø 2017 Hole GZ17-11 intersected multiple veins: § 3.4 m @ 4.23 g/t Au (at 52.3 m):
- includes 1.0 m @ 12.19 g/t Au
§ 1.77 m @ 1.0 g/t Au (at 21.7 m) § 0.5 m @ 5.05 g/t Au (at 40.2 m) § 1.0 m @ 4.6 g/t Au (at 42.2 m) § 1.1 m @ 2.16 g/t Au (at 85.5 m) § 1.14 m @ 1.16 g/t Au (at 100.2 m) § 1.04 m @ 1.66 g/t Au (at 111.3 m) § 1.05 m @ 1.38 g/t Au (at 127.3 m) Ø Drilling shows multiple vein sets that are not exposed on surface Ø Large intrusive to the west with anomalous Au (156 ppb) and As (1,035 ppb) in soils that has never been drill tested – little
- utcrop exposure
Riverside Banner
New Target Area Anomalous Au & As in Soils over intrusive
Note: Drill Intersections are core length.
Avidian Gold
Long Creek Corridor | Aeromagnetic Map
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> 2 km long system with significant Au, Ag & base metal mineralization in skarns, hornfels and related intrusive stockwork mineralization
Copper King Long Creek S Long Creek Looking SE
Mineral occurrences appear to be part of one large system, spatially related to magnetic lows
TMI Aeromagnetic Map
Long Creek Copper King S Long Creek
Avidian Gold
Long Creek Corridor | Copper King Prospect
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High Grade Au-Ag (base metal) mineralization: spatial proximity with Stockworked Porphyry
Ø High grade Au + Cu mineralization in sediments Ø Disseminated molybdenite found in the quartz eye granite with chalcopyrite stringers – possibly related to a Cu-Au-Ag- Mo porphyry system Ø Associated with an IP chargeability high adjacent to a magnetic low feature (interpreted to be intrusive body) Ø Potentially near the roof zone of a mineralized intrusive body
Semi-massive sulphides Stockwork in porphyry 7.62 m @ 4.94 g/t Au, 76.7 g/t Ag, 3.52% Cu Adjacent mineralization of 4.8 g/t Au, 106 g/t Ag, 1.4% Cu
Avidian Gold
Long Creek Corridor | Long Creek Prospect
Ø Similar to the neighbouring Copper King Prospect (~1 km to the north) Ø Only evaluated along a river cut as no outcrop in the area or between Copper King and Long Creek prospects Ø Associated with an IP chargeability high between two magnetic low features (interpreted to be intrusive bodies) Ø Key sampling results include:
- 05LC-1: 3.04 m @ 1.10 g/t Au, 36.13 g/t Ag,
0.40% Cu
- LC North Trench: 6.10 m @ 13.8 g/t Au, 34.4
g/t Ag, 0.85% Cu
- 5.07 g/t Au, 407 g/t Ag, 2.16% Pb, 1.5% Zn
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Potential for Polymetallic Mineralization
Avidian Gold
Long Creek Corridor | Copper King & Long Creek Prospects
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IP Chargeability Copper King Prospect Long Creek Prospect Mineralization associated with an IP Chargeability High
Avidian Gold
Long Creek Corridor | S Long Creek Prospect
Ø Prospect lies ~2 km south of the Copper King Prospect Ø Associated with a magnetic low feature Ø Very limited work done on the prospect Ø Notable results include:
- Trench sample 96-10: 3.04 m @ 2.74 g/t Au, 175.9 g/t Ag
- 11.0 g/t Au, 2,550 g/t Ag, 0.24% Cu, 14.3% Pb and 2.54% Zn
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Similar to Copper King and Long Creek Prospects
Arsenopyrite Vein
1.77 g/t Au, 277 g/t Ag, 0.36% Cu, 2.39% Zn, 6.93% Pb
Avidian Gold
Golden Zone Property | Next Steps
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Surface Gold Samples
Ø Follow up on the drill results in and around the Breccia Pipe Deposit, particularly hole GZ17 -10 and the northeasterly extent of the Mayflower Trend Ø Evaluate the > 1 km mineralized trend of the BLT Zone southwest towards the GAS mineralization Ø Evaluate/drill the Riverside mineralization and its extent (> 1 km) towards the Banner Zone and the associated intrusive to the northwest Ø Test the newly discovered Breccia Pipe West zone Ø Evaluate the area discovered southwest of the Breccia Pipe West and in between Ø Drill test the Copper King – Long Creek and South Long Creek
- ccurrences
Ø Surface prospecting, IP surveys, regional mapping & soil sampling throughout the property
Avidian Gold
Amanita Property
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Analogous geology, alteration, mineralization and higher grades than Fort Knox
Proximity to Fort Knox Mine
Ø Excellent access and infrastructure - approximately 15 km northeast of Fairbanks city limits Ø Adjacent and contiguous with Fort Knox that produces
- approx. 380,000 oz/yr at an avg. grade of approximately
0.50 g/t Au & running out of ore by 2020 Ø Intrusion Related Gold System, structurally controlled, sheared sheeted vein/stockwork mineralization similar to Fort Knox Ø Proterozoic schists and amphibolite intruded by Cretaceous age granitoid Ø The main mineralized zone (Tonsina Trend) is approximately 5.6 km southwest of Fort Knox in the same NE trending corridor
Avidian Gold
Amanita Property
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On Trend with Fort Knox (Running Out of Feed by 2020)
See Appendix for additional information
Selected Drill Holes and Grab Samples
Ø Very limited and unevenly distributed drilling within the 1.6 km long Tonsina Trend Ø 30 of 39 holes intersected >1.0 g/t Au over 1.5 m: 6 holes with VG Ø Drill tested to less than 150 m depth, all oxide mineralization Ø Several other untested targets on the property
Avidian Gold
Avidian Capital Structure
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Ticker Symbol TSXV: AVG Issued and Outstanding Shares 49.4 M Shares held in Escrow 14.6 M Immediate Float 34.8 M Warrants Outstanding 3.4 M Options Outstanding 0.47 M Fully Diluted Outstanding 53.27 M Management & Directors Ownership 30% Debenture (May, 2019) $250 K
Strong Insider Holdings with Technical, Geological and Capital Markets Backgrounds
Avidian Gold
Management Team
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Experience Achievements
Dino Titaro, M.Sc., P.Geo President, CEO & Director + 35 years International experience in mineral exploration, mining operations & consulting Co-discover of 2 major deposits, a gold-copper and gold-sliver deposit (currently in production) totalling 8.4 million
- z of Au and 1.4 billion pounds of Cu.
Former executive positions and current board of director of private junior companies and senior mining public company. Giulio Bonifacio, CPA, CGA Non Executive Chairman, Director +30 years
Senior executive roles in the mining industry
- Mr. Bonifacio is a Chartered Professional Accountant with extensive experience in areas of capital markets,
project finance & mergers & acquisitions. Founder and current President & CEO of Nevada Copper and past Director of Goldrock Corp (acquired by Fortuna Silver Mines). Has held senior executive roles with Getty Resources Limited, TOTAL S.A., and Vengold Inc Jeff Mosher B.Comm CFO + 9 years Chartered Accountant with international experience International public accounting experience focused in the audit and advisory practice serving both public and private entities. Financial positions with a number of private companies providing financial statement preparation services and equity/debt financing guidance.
- Dr. Tom Setterfield,
PhD, P.Geo VP Exploration +35 years International exploration experience and is considered an expert in IOCG, epithermal Au and VMS deposit types. Integral to the acquisition of the Golden Hills gold-rich VMS deposit, Mongolia, that is presently being developed. Co-founder and principal with GeoVector Management Inc and has acted as VP Exploration for public and private companies.
Avidian Gold
Board of Directors
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Experience Achievements
Giulio Bonifacio
Dino Titaro See Management Description Victor H. Bradley CPA, CA +50 years Senior financial positions from Controller to Chief Financial Officer plus significant experience in corporate acquisitions, equity and debt financings. Over the past 30 years has founded, financed and operated several mining and advanced stage exploration and development companies, including Yamana Gold Inc., Aura Minerals Inc. and Nevoro Inc. (sold to Starfield Resources). Served as Chairman of Yamana until 2008, Chairman of Osisko Mining Corp (2006 - 2014), Chairman and director of Nevada Copper (2012 – 2017). Now serves as a director of Osisko Gold Royalties Ltd. and Chairman and Director of Sunvest Minerals Corp. David Anderson B.Sc. P.Geo +35 years Geophysicst with international experience in mining sector as both a consultant and in corporate roles Founding shareholder in Quantec Geoscienes Ltd, QGX Ltd., and Antares Minerals Inc. QGX and Antares were public companies subsequently sold to major mining companies after successfully discovering economic mineral deposits. Founded the David C Anderson Charitable Foundation in 2010 whose primary objective is to provide assistance for women and children in underprivileged situations. Former executive positions and currently an entrepreneur who continues to identify and invest in junior mining exploration companies that are focused on gold and copper opportunities.
Avidian Gold
Technical Advisors
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Experience Achievements
Douglas J. Kirwin, B.Sc., M.Sc., FSEG. +45 years International exploration experience. Held senior positions with Anglo American, Amax, Indochina Goldfields and Ivanhoe Mines Limited. Member of the joint discovery team for the Hugo Dummett deposit at Oyu Tolgoi in Mongolia, Other mineral discoveries made by his exploration team include the Jelai-Mewet and Seryung epithermal deposits in northeast Kalimantan, the Eunsan-Moisan gold mines in South Korea, the Moditaung gold deposits in Myanmar and the Merlin Re-Mo deposit in Australia. In 2006 he was the International Exchange lecturer for the Society of Economic Geologists and served as the Society Vice President during 2007 to 2010. He has previously been an industry advisor for the Society
- f Applied Geologists and China Mining and a board member of the Economic Geology Research Unit at
James Cook University.
Co-recipient of the PDAC inaugural Thayer Lindsley medal awarded for the most significant international mineral discovery in 2004.
Alexander Davidson, M.Sc + 35 years Experience in designing, implementing and managing gold and base metal exploration and acquisition programs throughout the world. Was Barrick Gold Corporation’s Executive Vice President, Exploration and Corporate Development with responsibility for international exploration programs and corporate development activities. In April 2005, was presented the A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum to recognize exceptional achievement and distinguished contributions to mining exploration in
- Canada. In 2003, was named the Prospector of the Year by the Prospectors and Developers Association
- f Canada in recognition for his team's discovery of the Lagunas Norte Project in the Alto Chicama District,
Peru.
Avidian Gold
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Value Proposition
ü
Tier 1 Jurisdictions All properties located within top tier, mine friendly, politically stable jurisdictions
ü
Known Gold Belts All properties hosted within well known, well endowed mineral terranes
ü
Scalable Multi-million ounce gold potential at each property, with possible nearer term production at Golden Zone, Alaska
ü
Proven Team Backed by Industry Experienced Leaders with a track record of success and multi-faceted technical & business expertise
ü
Tightly Held Management & Directors vested with approx. 30% of the outstanding shares
Avidian Gold in Summary
Contact Information
Dino Titaro, President & CEO, Director +1 647.283.7600 e-mail: dtitaro@avidiangold.com
- r
Giulio Bonifacio, Chairman, Director +1 604.318.6760 e-mail: gtbonifacio@avidiangold.com Avidian Gold Corp. 390 Bay Street, Suite 806 Toronto, Ontario Canada M5H 2Y2 Tel: +1 647.259.1998 Fax: +1 647.259.1785 e-mail: info@avidiangold.com
Avidian Gold
Appendix | Nevada Properties
33
High Prospectivity in a World Class Mining Jurisdiction
Reno Las Vegas
Walker Lane Trend Battle Mt - Eureka Trend Carlin Trend Getchill Trend H u m b
- l
d t T r e n d
Elko
Independence Trend
Past & Present Au Producers ! Carlin Trend: +100 Moz ! Battle Mt/Eureka Trend: +50 Moz ! Walker Lane Trend: 50 Moz
100 km
Jungo Dome Hill
Project Jungo Dome Hill Ownership 100% 100% Claims / Size 235 claims (1,960 ha) 78 claims (600 ha) Target 5 km long gold-copper system with mineralization in a magmatic-hydrothermal environment between the Hycroft (7 Moz Au) and Sleeper (25 Moz Au) deposits Island arc, intrusion-related system with structurally controlled Au-Cu mineralization along NNE trending structures +6 km of known high sulphidation vein systems, all open and untested Numerous high-grade grab samples: 45.7 g/t Au, 31.8 g/t Au, 27.5 g/t Au 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 Au and 0.7% Cu 4.6 m @ 4.7 g/t Au 1.5 m @ 9.7 g/t Au
Avidian Gold
Appendix | Detailed Property Information
Ø Golden Zone (100%) § 58.9 sq km § Avidian owns 29.4% of the property with a purchase agreement to acquire the balance of 70.6% for US $875,000 in cash ($225K paid to date) & US $1,125,000 of stock ($325K paid to date) over a 7 year period (to 2023), plus a work commitment of US $2,000,000 over 5 years, with minimum expenditures of US $200,000/yr (full commitment already completed) § 4% NSR of which 1.4% can be bought out for US $1,400,000 at Avidian’s
- ption and an additional 1.6% for US $1,600,000 at vendors option
§ Holding Cost of approx. US$ 35,000 per year (lease and claims rentals costs & general overhead costs) Ø Amanita (100%) § 88 Claims (14.6 sq km) § 3% NSR that can be bought for US $1 million per % point § Lease payments totaling US $1,235,000 spread out over 15 years (starts at $15,000 in 2016, $25,000 in 2017, $30,000 in 2018 and escalates $10,000 per year to the 15th year) with a US $3 million buyout. § Holding Cost/land fees of approx. US $25,000 per year
34
Ø Jungo (100%) § 235 Claims (19.6 sq km): NSR:2% NSR on 35 Claims § Holding Cost/land fees of approx. US $40,000 per year Ø Dome Hill (100%) § 78 Claims (6 sq km): 2% NSR on 20 acres, buyout of 1% for US $250,000; § Holding Cost of approx. US$17,000 per year (includes annual lease payments on 40 acres of US $2,000 per year)
Avidian Gold
Appendix | Peer Group Analysis
35
Americas Advanced Explorer Peer Group
Source: Company Websites, Stock Quotes * Private Placement price pre public trading to commence Dec 4, 2017
Company Share Price Mkt Cap Property Commodity Location Size V/ha
As of: Dec.1, 2017 C$/sh C$M ha C$/ha
Engold Mines Limited $0.18 $34.8 Lac La Hache Au BC 18,275 $1,904 Torq Resources Inc. $0.46 $35.9 Wildwood Au Nfld 119,000 $300 Sirios Resources Inc. $0.26 $35.7 Cheechoo Au Quebec 75,000 $476 Lara Exploration Ltd. $0.72 $24.7 Liberdade/Others Cu-Au-Zn-Ni Brazil 55,737 $443 Redstar Gold Corp. $0.10 $28.5 Unga/Others Au Alaska 25,000 $1,140 Cartier Resources Inc. $0.23 $35.7 Chimo/Others Au Quebec 4,732 $7,544 Oceanus Resources Corporation $0.30 $41.4 El Tigre Ag-Au Mexico 21,843 $1,666 Riverside Resources Inc. $0.27 $11.9 Penoles Au-Ag Mexico 48,305 $246 Klondike Gold Corp. $0.30 $29.2 Klondike Au Yukon 52,700 $554 Median $34.8 48,305 $554 Average (ex. High/low) $32.1 42,409 $926 Avidian Gold Corp $0.44* $22.0 Golden Zone/Others Au Alaska/Nevada 9,910 $2,219
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Ø Mineralization derived from a magmatic-hydrothermal process fully compatible with models for a Intrusion Related Gold System Ø Formed in a proximal environment & likely at a relatively shallow paleodepth with mineralized intrusions exhibiting elevated Au & pathfinder elements (As, Bi, Te) Ø Geological and exploration analogues include Donlin Creek (39.3 Moz Au), Fort Knox (+8 Moz Au) and Dublin Gulch (6.3 Moz Au) Golden Zone Ø Mineralization style is 1) large quartz or quartz-carbonate veins with arsenopyrite and 2) smaller veinlets which form stockworks with associated breccias Ø The known high-grade Au-As veins and Cu-Au veins appear proximal to and/or vertically above possible shallow intrusion-hosted sheeted &/or stockwork vein deposits Amanita Ø Mineralization style is structurally controlled, quartz veinlets which form stockworks/sheeted veins Ø Geological and exploration Au analogue is the shear hosted stockwork Fort Knox (+8 M oz) deposit that lies 5.6 km directly along trend
Appendix | Tintina Gold Province Metallogenic Zoning
Golden Zone & Amanita Setting
(1) General Plan Model of the Tintina Gold Province showing range of mineralization styles & geochemical variations outward from a central pluton
Golden Zone and Amanita Property Features(1)
Avidian Gold
Appendix | Golden Zone Mineral Resource Statement
37
0.5 g/t Au Cut-off (as of Nov 2016)
Category Deposit Tonnes Au Ag Type Grade (g/t) Ozs Grade (g/t) Ozs Indicated
Porphyry 1,811,000 0.89 52,200 3.2 186,300 Silica Breccia 369,000 0.93 11,100 8.64 102,500 Sulphide 2,007,000 3.17 204,300 17.19 1,109,000 TOTAL 4,187,000 1.99 267,400 10.38 1,397,800
Inferred
Porphyry 142,000 0.75 3,400 1.84 8,400 Shear Zone 1,216,000 0.83 32,600 2.65 103,400 TOTAL 1,353,000 0.83 35,900 2.56 111,400
§ Amenable to open–pit mining (3.6 strip ratio) and conventional milling and processing. Majority of the Au mineralization appears free milling. Note: Base metals not analyzed. § Assay capping values are used for gold values: Porphyry- 20 g/t Au, Silica Breccia- 25 g/t Au, Sulphide Breccia- 35 g/t Au, Shear Zone- uncapped; & for silver values: Porphyry- 60 g/t Ag, Silica Breccia- 130 g/t Ag, Sulphide Breccia- 200 g/t Ag, Shear Zone- 40 g/t Ag. § Blocks informed by 3 or more drill holes and within 30 m of the nearest sample are assigned the Indicated category. All remaining blocks within a Whittle shell generated using a $1,350/oz gold price are classified as Inferred. Blocks outside of the floating cone are not classified.
Author: L.McGarry Date: 05/08/16 UTM NAD 27 Zone 6N 100m 50 Legend Trench Traces Drill Hole Traces Track Gold Grades -g/t Au < 0.5 0.5 to 1.0 1.0 to 2.0 2.0 to 3.0 3.0 to 5.0 5.0 to 10.0 >= 10.0
Notes: August 2016 porphyry and breccia domain resource model blocks greater than 1 g/t Au, with gold grade charts and resource constraining Whittle shell at $1,500 per Oz Au and a 45 degree
- slope. Orthoganal view to the
northwest.
Orthogonal View Looking NW
Author: L.McGarry Date: 05/08/16 UTM NAD 27 Zone 6N 100m 50 Legend Trench Traces Drill Hole Traces Track Porphyry Sulphide Breccia Silic Breccia Shear Zone
Avidian Gold
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Operation Fort Knox (Kinross) Amanita Contained Gold +8 Moz Gold Undetermined Geology Gold in Cretaceous Granite Gold adjacent to or on top of interpreted buried granite at Tonsina Trend Corridor Within Corridor of Two NE Structures Along Strike in Same Corridor Mine Type Open pit mine Known gold mineralization all in open pit-able setting Host Rock Extensive Biotite Hornfels Aureole Extensive Biotite Hornfels Aureole Indicator Gold occurs with Bismuthinite, Scheelite, Arsenopyrite and Quartz-feldspar Veins Gold occurs with Bismuthinite, Scheelite, Arsenopyrite and Quartz-Feldspar Veins Metallurgy Model shows inner Au-Bi, halo of Sb-As Soils show inner Au-Bi, halo of Sb-As Stage Present grade of approx. 0.5 g/t Au; Cut-off Grade 0.16 g/t Au 30 of 39 drill holes intersected >1.0 g/t Au over 1.5 m: VG reported in several holes and seen in local float
Appendix | Comparison Between Fort Knox and Amanita
Avidian Gold
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Appendix | Amanita Selected Drill Hole Results
Hole No. Meters g/t Au 18 1.52 1.05 19 3.05 14.04 4.57 0.80 20 1.52 1.64 21 9.14 1.68 1.52 3.37 4.57 1.80 2 3.05 3.36 3 13.72 3.02 4 1.52 1.11 7.62 1.70 5 1.52 5.06 12.19 2.28 22.86 1.01 6 4.57 0.81 14 3.05 1.04 16.76 1.03 15 1.52 1.51 4.57 11.49 1.52 1.76 1.52 2.11 16 3.05 3.63 3.05 2.60 17 3.05 1.41 1.52 2.23 3.05 2.37 Hole No. Meters g/t Au 38 12.19 0.77 1.52 1.65 9.14 2.23 39 1.52 2.79 1.52 1.13 3.05 2.99 7 3.05 0.48 28 1.52 1.13 12.19 0.41 29 3.05 0.71 12.09 0.92 1.52 2.06 30 1.52 3.92 9.14 0.48 1.52 1.63 10 1.52 1.71 1.52 1.10 4.57 0.73 10.67 1.08 22 1.52 1.17 1.52 1.00 24 3.05 0.85 3.05 1.13 9 1.52 2.21 12 1.52 1.13 Hole No. Meters g/t Au 13 3.05 0.96 26 1.52 1.02 1.52 1.09 1.52 1.09 27 1.52 1.83 3.05 1.39 1.52 1.92 32 1.52 2.15 4.57 2.30 33 3.05 1.15 3.05 1.77 35 6.10 1.00 4.57 1.06 37 1.52 2.94
Additional ground under consolidated.
Note: All drill hole results are within the Tonsina Trend