Avidian Gold starts drilling at Golden Zone

Jun 5, 2018

2018-06-05 07:33 ET – News Release

Mr. James Polson reports

AVIDIAN COMMENCES DRILLING ON SCHEDULE AT THE GOLDEN ZONE PROJECT IN ALASKA

Avidian Gold Corp. has commenced the 2018 drilling program at its 100-per-cent-owned Golden Zone project. The drilling program will initially focus on following up on the significant intercepts and new discoveries from the 2017 drilling program.

Highlights from the 2017 program include:

2017 drill intersections in and within the immediate vicinity of the Breccia Pipe deposit include:
- 67 metres of 4.93 grams per tonne gold (sulphide breccia);
- 70.6 m of 2.03 g/t Au (silica breccia);
- 28 m of 2.19 g/t Au (sulphide breccia);
- 50 m of 0.73 g/t Au (host monzodiorite intrusive);
- 64 m of 0.65 g/t Au (BLT shear zone).
The latter two intersections occur outside the presently defined Breccia Pipe deposit mineral resource that currently hosts an indicated gold resource of 267,400 ounces plus an inferred gold resource of 35,900 ounces (see below for details), which is exposed on surface and is open at depth and along strike.
Two thousand seventeen drilling discovered a previously unknown mineralized conglomeratic unit approximately 300 m northeast of the Breccia Pipe deposit; this unit returned 21.6 m of 1.46 g/t Au, is open in all directions and represents a new mineralized stratigraphic target.
A 2017 drill hole at the Riverside occurrence returned multiple intercepts of greater than one g/t Au along with 3.4 m of 4.23 g/t Au (including 1.0 m of 12.2 g/t Au) associated with a quartz feldspar porphyry that can be traced over one km in length that has had minimal drill testing.

In addition to the above start-up phase, the 2018 drilling program will also commence testing the eight-kilometre-long gold mineralization trend on the property with a focus in the areas where surface sampling, trenching and drilling uncovered high-grade gold occurrences of 25 g/t Au plus silver plus or minus base metals.

Drilling is planned to commence at the Copper King prospect in mid-July where historical:

Drilling returned eight m of 4.9 g/t Au, 77 g/t Ag and 3.5 per cent copper.
Trenching returned 14 m of 7.0 g/t Au, 94 g/t Ag and 4.0 per cent Cu.
Avidian grab sampling returned up to 6.9 g/t Au, 192 g/t Ag, 9.5 per cent Cu, 0.7 per cent lead and 7.2 per cent zinc.

The technical information contained in this news release has been approved by Dr. Tom Setterfield, PGeo, vice-president of exploration of Avidian, who is a qualified persons as defined in National Instrument 43-101.

Historical assays mentioned herein have been verified through a review of assay certificates and field data, but may have not all been necessarily resampled by the corporation.

It should be noted that, due to their selective nature, assay results from grab samples may not be representative of the mineralization hosted on the property.

About Avidian Gold Corp.

The corporation is an exploration and development company whose primary business interest is in four advanced gold properties located in the United States: the Golden Zone and Amanita properties, situated in south-central Alaska, and the Jungo and Dome Hill properties located in Nevada, each held 100 per cent by the corporation. The Golden Zone property hosts an NI 43-101 (2017) 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).

Further detailed information on the Golden Zone can be found in the technical report dated Aug. 17, 2017, prepared by Leon McGarry, BSc, PGeo, and Ian D. Trinder, MSc, PGeo, that has been posted on SEDAR.

We seek Safe Harbor.

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