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TRANSCRIPT
Investors Presentation
Exploration
Discovery
Value Creation
Targeting District Scale Gold-Copper
Advanced Exploration Projects in
North America
TSX-V: AVG
January 2020
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 meetmanagement’s expectations. Risks, uncertainties and other 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 thecommencement 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 or inability to complete the Transaction on the terms as proposed, failure to obtain the required approvals of regulators,
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 andquality 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 thatsuch 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 operations, 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 aspermitted 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 aresult of new information, future events or otherwise, other than as required by law.
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 offers 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 anyrepresentation 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 offers 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 describedherein 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.
TSX-V: AVG 2
3
Key to Success
Dedicated Team
Track record – Discovery and Sale
Significant Insider Investment
Able to Execute
Focus on High Quality Gold Exploration Targets in Favourable Mining Jurisdictions
Focused Strategy
District Scale Targets in friendly jurisdictions
Alaska ranked 5th for worldwide mineral potential and 10th by the
Fraser Institute(1)
Nevada ranked 1st by the Fraser Institute(1)
Creating Transformational Wealth for Shareholders
(1) Source: Fraser Institute Annual Survey of Mining Companies 20 Investment Attractiveness Index TSX-V: AVG
The Right Assets In the
Right Place
Alaska – Tintina Gold Belt
Nevada – Humboldt Trend
High Tide Resource
(private subco)Newfoundland & Labrador
Advanced exploration portfolio with $45 Million of Historical Data
4
(1)Warrants granted with exercise price ranging from $0.15 to $0.76
(2) Options granted with exercise price ranging from $0.15 to $0.60
Avidian Gold Went Public in Dec 2017
Ticker Symbol TSXV: AVG
Issued and Outstanding Shares 92.93 M
Warrants Outstanding9.57 M (1)
Options Outstanding 6.49 M (2)
Fully Diluted Outstanding 108.98 M
Management, Directors & Insider Ownership ~13 %
Debenture (Feb, 2022 - converts at $.40) $708 K
Market Cap (approximate) $9 M
TSX-V: AVG
Avidian Capitalization
5TSX-V: AVG
Avidian & High Tide Resources | Property Locations
Jungo
Labrador West
Black Raven
Strickland
Golden Zone
Amanita
Alaska
Ø Amanita – Au
§ Adjacent to Fort Knox Mine
Ø Golden Zone – Au, Ag & Base Metals
§ Resource of 300K oz Au – open to
expansion
Nevada
Ø Jungo – Au + Cu
§ Large mineralized footprint - +5 Km
§ Limited historical drilling
High Tide Resources(Private subco of Avidian)
Ø Labrador West – Fe
§ 1 Billion tonne target potential
§ Drilling starts in Q1 2020
Ø Black Raven – Au
§ Drilling in Q1 2020
Ø Strickland – Pb, Zn, Ag + Au5
Amanita (14.7 square km)
Ø Contiguous with Kinross’ Fort Knox Gold Mine
Ø Oxide gold to +150 m depth: multiple historical drill holes with VG
Ø Trenching results returned 94.5 m of 3.04 g/t Au, including 22.5 of
11.51 g/t Au
Golden Zone (105.5 square km)
Ø District Scale - more than 15 km of mineralized trend
Ø Golden Zone Breccia Pipe Deposit - NI 43-101 resources ~300 Koz
Au and 1.5 Moz Ag – open pit deposit with potential to expand in
size plus anchors any future larger discovery on the property
Ø Discovery of new large gossan (JJ Zone) in 2018 approximately 5
km southwest of Breccia Pipe Deposit - with up to +6 g/t Au
Ø Discovery of another new large footprint Au zone in 2019 – with
up to 5.17 g/t Au and 4.2 g/t Au with 2.77% Cu6
Located in Pro-Mining State within the Prolific Tintina Gold Belt (+130 Moz Au)
TSX-V: AVG
Golden Zone
Amanita
Alaska Properties
7TSX-V: AVG
Alaska Advantage | Tier 1 Mining Jurisdiction
ü Stable mining regime with world –class regulatory
environment
ü Ranked 5th for world wide mineral potential and
ranked 10th by the Fraser Institute
ü 80% of GDP from mining, oil & gas
ü 6 large producing mines
ü Several new world-class deposits in permitting and
feasibility stage
ü 2nd largest producing state after Nevada
ü Over 40 Moz Au mined to date
ü Several state initiative programs in place to support
mining development
(1) Source: Fraser Institute Annual Survey of Mining Companies Investment Attractiveness Index
8TSX-V: AVG
Analogous geology, alteration, mineralization and higher grades than Fort Knox
Contiguous to the Fort Knox Gold Mine
Tonsi
na
Min
eral
ized
Tre
nd
Ø Excellent access and infrastructure - 15 km northeast of
Fairbanks city limits
Ø Contiguous with the Fort Knox Mine that produces
approx. 380,000 oz Au/year at an avg. mill cut-off grade
of 0.3 g/t Au
Ø Historical placer production on the property, similar to
Fort Knox
Ø Intrusion Related Gold System, structurally controlled,
sheared sheeted vein/stockwork mineralization similar
to Fort Knox
Ø The Tonsina Mineralized Trend is approximately 5.6 km
southwest of Fort Knox mining complex in the same NE
trending corridor
Ø Potential to fill in the Fort Knox production gap in 2022
and 2023 while they develop their new Gilmore pit
Amanita Property | Fort Knox Analogue
9TSX-V: AVG
Amanita Property | Structures with Regional Magnetics
Rex Fault
Saddle F
ault
10TSX-V: AVG
Ø 4.5 km long Mineralized Trend that carries directly
into the Fort Knox gold mine
Ø 30 of 39 historical RC holes intersected oxide
mineralization of >1.0 g/t Au over 1.5 m (drilled to
<150 m depth). Intercepts include:
• 13.72 m @ 3.02 g/t Au
• 10.67 m @ 1.08 g/t Au
• 12.19 m @ 2.28 g/t Au
• 4.57 m @ 11.49 g/t Au
• 3.05 m @ 14.04 g/t Au
Ø Blaster analysis of historical trench vs historical
drill chip samples indicates coarse gold lost in the
RC holes
Ø 2019 Trench results returned:
• 94.5 m @ 3.04 g/t Au (uncut) 2.01 g/t Au
(cut*),
• including 22.5 m @ 11.51 g/t Au
(uncut) 7.16 g/t Au (cut)
• 27.0 m @ 4.22 g/t Au (uncut) 3.41 g/t Au
(cut*),
• including 6.0 m @ 13.85 g/t Au
(uncut) 10.20 g/t Au (cut*)
Amanita Property | Strong Au Mineralization
Historical Drill Collar
* Top cut to 20.0 g/t Au
11
Amanita Property | Trench C & D Results with RC Holes
4.5 m @ 1.10 g/t Au94.5 m @ 3.04g/t Au
27.0 m @ 4.22 g/t Au
10.5 m @ 22.80 g/t Au22.5 m @ 11.51 g/t Au
6.0 m @ 2.31 g/t Au
6.0 m @ 4.70 g/t Au
6.0 m @ 2.55 g/t Au
6.0 m @ 13.85 g/t Au
3.0 m @ 10.17 g/t Au
12.0 m @ 0.45 g/t Au
9.0 m @ 1.82 g/t Au
7.5 m @ 0.1.13 g/t Au
1.5 m @ 1.04 g/t Au
AH-21: 18.0 m @ 1.75 g/t Au
AH-32: 4.5 m @ 2.30 g/t Au
AH-17: 3.0 m @ 2.37 g/t Au
AH-19: 35.0 m @ 1.41 g/t Au
AH-37: 1.5 m @ 2.90 g/t Au
AH-2: 3.0 m @ 3.35 g/t Au
AH-14: 16.7 m @ 1.03 g/t Au
AH-33: 4.5 m @ 1.15 g/t Au
AH-15: 4.6 m @ 11.49 g/t Au
AH-16: 3.0 m @ 3.63 g/t AuAH-3: 13.7 m @ 3.02 g/t Au
AH-38: 9.1 m @ 2.23 g/t Au
AH-5: 22.9 m @ 1.01 g/t Au
Only shows some of the Historical RC Hole Results
TSX-V: AVG
12TSX-V: AVG
Amanita Property | Cross-Section A-A’
Numerous +1.0 g/t Au Oxide Intercepts
Only Tested to <150 m Depth
Looking NE
A A’
Series of Steeply Dipping Mineralized Zones
A A’
Looking NE
Open at depth
Note: Histogram Grades capped at 5 g/t Au
See Slide 12 for A – A’ Location
13TSX-V: AVG
Ø In Alaska Location is Everything – Access Key
• 320 km N of Anchorage,16 km W of main route between Anchorage &
Fairbanks
• Year-round access via gravel road + airstrip with permanent camp
• State of Alaska claims with an existing mining lease - 32 years remaining
Ø The Right Time and Paleodepth
• Late Cretaceous, 68 Ma – Same as Donlin Creek
• District scale of 105.5 km2 , >15 km mineralized trends; shallow paleodepth
• Reduced Intrusion Related Gold Systems (“RIRGS”)
Ø Large Target Areas with Significant Au Mineralization
• Golden Zone Breccia Pipe Deposit - NI 43-101 resources ~300 Koz Au and 1.5
Moz Ag – open-pit deposit that anchors any future discovery
• Copper King to S Long Creek: large replacement type mineralization with
related intrusive Au potential
• New large scale gold targets discovered by prospecting:
• JJ - J4 Zone
• MJ Zone
13
Advanced-Stage Exploration Project: Regional Scale Multi-Million Ounce Gold Targets
JJ – J4 Zone:6.14 g/t Au, 5.41 g/t,
3.83 g/t, 2.08 g/t AuCopper King to S. Long
Creek Trend:
High-grade Au + base
metals
Breccia Pipe Deposit
(+300 Koz Au)
& Mayflower Extension Zone
15 k
m M
iner
aliz
ed T
rend
Golden Zone Property | Overview
MJ Zone:5.17 g/t Au,
4.2 g/t Au + 2.77% Cu
14TSX-V: AVG
Ø Golden Zone Corridor (> 12 km mineralized trend)
• High grade Au surface occurrences: 5 g/t Au to > 25 g/t Au plus Ag ± base
metals along a 12 km long trend
• Breccia Pipe Deposit: ~300 Koz Au Indicated + Inferred resource
• New mineralization conglomeratic unit (skarn) discovered in vicinity of the
Breccia Pipe Deposit (Mayflower Extension Zone); open
• 21.6 m of 1.46 g/t Au
• 17.7 m of 2.12 g/t Au
• New large Regional Discoveries
• JJ – J4 Zone approx. 5 km SW of Breccia Pipe Deposit, with up to +6 g/t Au
• MJ Zone: with up to 5.17 g/t Au and 4.2 g/t Au with 2.77% Cu
Ø Long Creek Corridor (> 3 km mineralized trend)
• Contains mineralization related to a Reduced IRGS
• Numerous high-grade areas: i.e.,
• 9.1 m of 8.71 g/t Au, 80.8 g/t Ag, 3.57% Cu
• At surface granite stockwork porphyry dike associated with a proximal
mineralized intrusive:
• 4.8 g/t Au, 106 g/t Ag, 1.4% Cu
• Mineralized Conglomerate unit (+1.5 km long) not drill tested:
• 3.0 m of 16.08 g/t Au, 50.6 g/t Ag, 0.78% Cu
Golden Zone Property | +15 km Mineralized Trend
Surface Gold Samples
Gold
en Z
one Co
rrid
or
Silver D
ikes C
orrid
or
Long C
reek
Corrid
or
JJ Zone
J4 Zone
MJ Zone
Breccia Pipe
Deposit/MEZ
Copper King/Long
Creek/S. Long Creek Area
15TSX-V: AVG
Golden Zone Property | Breccia Pipe Deposit
Open-Pit Deposit0.5 g/t Au Cut-off (as of Nov 2016)
CategoryDeposit
TypeTonnes
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
§ Open–pit mining (3.6 strip ratio) and conventional milling and processing. Au mineralization appears free milling. Base metals not analyzed.
§ Assay capping values : Porphyry- 20 g/t Au, Silica Breccia- 25 g/t Au, Sulphide Breccia- 35 g/t Au; Porphyry- 60 g/t Ag, Silica Breccia- 130 g/t Ag, Sulphide Breccia- 200 g/t Ag, Shear Zone- 40 g/t Ag.
§ 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.
Surface exposure of Breccia Pipe
16TSX-V: AVG
Note: For Illustrative purposes only
Golden Zone Property | Breccia Pipe Deposit Highly Leveraged to Au Price
Base Case Parameters
1. $1,300 Au Price
2. $150 million Capital Cost
3. $21/t Operating cost
Au Price
Resource
17TSX-V: AVG
Golden Zone Property |
1. Mayflower Extension Zone
(“MEZ”) ~ 350 m trend and
open to NE
2. BLT Shear Zone
~ 1.5 km of mineralization
3. Breccia Pipe Margins (below
150 m)
4. Monzodiorite hosting the
Breccia Pipe Deposit
Breccia Pipe Deposit is the Anchor to Additional
Peripheral Mineralization & New Property Discoveries
MEZ
BLT Shear -
Open > 1 km
21.6 m @ 1.46 g/t Au
2.1 m @ 2.4 g/t Au
10.5 m @ 1.54 g/t Au
6.1 m @ 8.31 g/t Au (Trench)
GZ18-04
GZ18-02 & 03
GZ17-10 & 18-01
Breccia Pipe Deposit
~ 300 Koz Au
17.7 m @ 2.12 g/t Au
17.7 m @ 1.04 g/t Au;
incl. 3.0 m @ 2.6 g/t Au
107.3 m @ 4.76 g/t Au
21.6 m @ 1.66 g/t Au;
incl. 3.6 @ 5.53 g/t Au
Conc
eptu
al P
it O
utlin
e
BLT -
Ope
n
Resource Expansion Potential
18TSX-V: AVG
Golden Zone Property | MEZ Mineralization Potential
Room For Significant Addition Mineralization Adjacent to Current Breccia Pipe Resource
Ø Mineralization occurs as skarn/replacement
type in conglomerates
Ø Open Internally and at depth and to the NE
GZ17-05, 14.5
m; Po-py-rich
Skarn, 1.4 g/t Au
GZ17-10, 126.5 m; Coarse
aspy, py in Conglomerate,
3.33 g/t Au
19TSX-V: AVG
Golden Zone Property | BLT Mineralization Extension
Ø Soil Survey suggests that the BLT Zone
extends to the NE where no drilling
has been carried out.
20TSX-V: AVG
Golden Zone Property | Copper King – Long Creek Area
Long Creek
S Long Creek
Copper King
Impedance Phase Data & Magnetics
Magnetic Low
Outline
Copper KingLong Creek
S Long Creek
Looking Southeast
+ 3 km Long System with Significant Au & Base Metal Mineralization in Skarns, Hornfels and
Au Mineralization Associated with Stockwork Veining in a Granite Porphyry
Mineral occurrences appear to be part of a large system, spatially related
to magnetic lows – possible shallow intrusive related events
21TSX-V: AVG
3.0 m @ 16.08 g/t Au, 50.6 g/t Ag
and 0.78% Cu.
1.51 g/t Au, 67 g/t Ag, 1.05% Cu
11.04 m @ 0.34 g/t Au
and 0.37% Cu.
21.0 m @ 0.13 g/t Au, 13.1 g/t Ag
and 0.45% Cu.
Golden Zone Property | Copper King – Long Creek Area
Long Creek
Copper King
Au + Cu Mineralized Conglomeratic Unit
Ø Mineralized Conglomerate traced for at least 2 km
Ø Cpy, po skarn replacing conglomeratic beds with a
calcareous matrix
Ø Similar to the MEZ mineralization hosted in
conglomerate
chalcopyrite-pyrrhotite-diopside? skarn.
Chalcopyrite replacing sericite
altered conglomerate matrix
22TSX-V: AVG
Golden Zone Property | MJ: New Prospecting Discovery
Clean up
22
JJ – J4 Zone:
6.14 g/t Au, 5.41 g/t,
3.83 g/t, 2.08 g/t Au
15 k
m M
iner
aliz
ed T
rend
MJ Zone:
5.17 g/t Au,
4.2 g/t Au + 2.77% Cu
MJ Discovery
23TSX-V: AVG
Golden Zone Property | JJ – J4 Zones
150 m
300 m vertical exposure
from top of mountain peak
(not seen here) to valley
floor
ØMultiple sulphide-bearing gossan zones, vertical
dipping ranging from 0.5 m to +3.0 m thick
Ø Sulphides include disseminated to semi-massive
pyrite, chalcopyrite and arsenopyrite within
siltstones/sandstones, intruded by porphyritic dikes
Ø 300 m vertical exposure by 150 m width and 450 m
– 750 m strike length
Ø Highlight assay results include: 6.14 g/t, 5.41
g/t, 3.83 g/t, 2.08 g/t Au and 6.0 m @ 1.85
g/t Au, 12.0 m @1.40 g/t Au
Looking down into the valley floor
24TSX-V: AVG
Nevada | Humbolt Trend
Project Jungo
Ownership 100%
Claims / Size 235 claims (1,960 ha)
Target
5 km long gold-copper system with
mineralization in a magmatic-hydrothermal
environment between the Hycroft (25 Moz
Au) and Sleeper (7 Moz Au) deposits
Island arc, intrusion-related system with
structurally controlled Au-Cu mineralization
along NNE trending structures
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
Jungo
Past & Present Au Producers§ Carlin Trend: +100 Moz
§ Battle Mt/Eureka Trend: +50 Moz
§ Walker Lane Trend: 50 Moz
High Prospectivity in a World Class Mining Jurisdiction
25TSX-V: AVG
Jungo Property | Overview
1 km 1 km
5 k
m
5 k
m5 km long gold-copper system
ØMineralization in a magmatic-hydrothermal environment
controlled by NNE structures. Au evident in historical trenching
along strike
ØGeophysics suggests the presence of sulphides in association
with intrusions with multiple phases of mineralization
ØHistorical drilling (limited) stopped short of testing their
targets and may have been drilled parallel to the mineralized
events
Ø < 1.5 km of the 5 km mineralized trend has been partially
tested to date
Proposed
26TSX-V: AVG
Additional Value Creation | High Tide Resources
Ø Labrador West Iron Ore Property (option to earn 100% from Altius Minerals Corp)
• Located within 20 km NE of the mining/processing centres of Wabush and Labrador City. Excellent
infrastructure with rail access to deep water port
• Hosts the Iron Bull Deposit that has target potential of 1 billion tonnes of iron resource at approx.
30% Fe
• Current extent of mineralization is 1,800 m by 2,500 m and to a depth of up to 420 m (open):
includes 279.7 m grading 29.7% Fe; hole bottomed in iron mineralization
• Drilling to define a preliminary resource in early 2020
Ø Black Raven Gold Project (option to earn 100%)
• Multiple Au-Cu occurrences with high-grade gold up to 32 g/t Au + base metals in grab samples
• No systematic exploration to date
• Recent mapping, prospecting, trenching and sampling followed by drilling in 2020
Ø Strickland Base Metal Project (100% owned)
• 3 km strike length of prospective tuff horizon that contains numerous showings and three known
“deposits”.
• Historical resource estimate by Falconbridge: Main Zone: 260,000 t @ 5.25% Pb-Zn, 195 g/t Ag;
North Extension: 750,000 t @ 2% Pb-Zn ; Silver Hill: 15,000 t @ 2% Pb-Zn, 480 g/t Ag
Private Company Majority Controlled
By Avidian
Strickland Base
Metal Project
Black Raven
Au Project
Labrador West
Fe Ore Project
27TSX-V: AVG
High Tide Resources | Company Snapshot
Share Structure (Dec 31, 2019)
Avidian Gold 18.94M
FERRUMcorp 9.15M
F/T Shareholders 3.82M
Shares Outstanding 31.91M
Balance Sheet (Dec 31, 2019)
Cash $786,000
Debt Nil
Avidian Gold
59%
FERRUMcorp
29%
F/T
Shareholders
12%
• Private company, 88% owned by Avidian Gold &
FERRUMcorp (private company)
• Veteran team of career explorationists
• Market savvy & proven value creators
28TSX-V: AVG
High Tide Resources | Labrador West Fe Ore Property
Iron Bull Deposit
Ø >1 billion tonne (“Bt”) iron resource potential @ ~ 30% Fe at
Iron Bull
Ø Current extent of mineralization is 1,800 m by 2,500 m and to
a depth of up to 420 m (open) - back-of-the-envelope at
1,200 m x 1,200 m x 200 m x SG 3.5 = 1 Bt
Ø Rio Tinto Exploration drilled 18 holes (4,227 m) from 2010 to
2012 with best intersection being 279.7m grading 29.7% Fe
in hole 11LB0027; hole bottomed in iron mineralization
Ø Close to all required infrastructure including: cheap and
plentiful hydro-electric power, workforce, airport & highway,
rail and port with excess capacity
Ø Located proximal to IOC’s Carol Lake Mine, Champion Iron
Ore’s Bloom Lake Mine, Arcelor Mittal’s Mont-Wright Mine,
Tacora Resources’ Scully Mine and Alderon’s shovel-ready
Kami Deposit.
29TSX-V: AVG
High Tide Resources | Iron Bull 2011 & 2012 Drill Results
HOLE IDAzimuth
deg
Dip
deg
From
m
To
m
Interval
m
Fe
%
11LB0026 350 -80 25.5 118 92.5 29.6
and 185.1 223.7 38.6 29.7
11LB0027 360 -80 56.3 336 279.7 29.8
and 246 336 90 31.9
11LB0029 355 -80 114 234 120 29.4
11LB0030 006 -80 16.5 231 214.5 26.4
and 61.6 108 46.4 28.2
11LB0031 005 -80 25.5 125.9 100.4 28.1
11LB0032 357 -80 77 124 47 28.4
12LB0045 003 -85 56.9 248 191.1 30.0
12LB0048 019 -80 10.7 81.3 70.6 32.8
12LB0051 015 -80 192 225.7 33.7 28.1
12LB0055 340 -80 11.5 244.3 254 27.1
30TSX-V: AVG
High Tide Resources | Former IOC/Rio Tinto Project
• Rio Tinto Internal Notes:
• “Two types of mineralization
intercepted over long intervals
including strongly weathered iron
formation containing hematite +
goethite +/- limonite and “fresh”
iron formation containing
magnetite”.
• “Preliminary metallurgy suggests
that it should be possible to
produce a high-quality, low-
impurity concentrate at
reasonable grind sizes”.
2008: Altius enters a JV with Rio Tinto Exploration,
compilation of publicly existing data, prospecting.
2009: Prospecting, LiDAR digital elevation survey.
2010: Airborne magnetic survey, ground gravity,
prospecting, diamond drilling.
2011: Airborne RESOLVE EM Survey, ground gravity,
prospecting, diamond drilling.
2012: Airborne HeliFALCON Gravity Gradiometer survey,
additional LiDAR digital elevation surveying,
Pleiades Satellite true color and infrared false
color images acquired, diamond drilling,
preliminary metallurgical testwork.
2019: Via an administrative error Rio Tinto drops the
claims which are re-staked by Altius
31TSX-V: AVG
High Tide Resources | Black Raven Au Property
Ø Option to earn 100% interest
Ø Large 12.25 km2 project area
Ø Significant underexplored gold and copper mineralization affiliated with Intrusion Related Gold Systems (IRGS) with a possible porphyry style component
Ø Analog is the Tintina Gold Belt (Alaska/Yukon) where Avidian has developed an expertise in this model type
Ø High-grade gold up to 32 g/t Au + base metals in grab samples
Ø Large target areas untested
Ø Multiple copper-gold targets
Ø No systematic exploration to date
Ø Recently completed geochemical soil sampling program; plan to drill best targets
32TSX-V: AVG
High Tide Resources | Strickland Base Metal Property
Ø 100% owned
Ø Historical resource estimate (non 43-101 compliant) by Falconbridge:
• Main Zone: 260,000 t @ 5.25% Pb-Zn, 195 g/t Ag
• North Extension: 750,000 t @ 2% Pb-Zn
• Silver Hill: 15,000 t @ 2% Pb-Zn, 480 g/t Ag
Ø Copper-gold stringer mineralization in multiple showings
Ø 3 km strike length of prospective tuff horizon that contains numerous showings and three known “deposits”
Ø Channel sampling returned:
• 4 m @ 0.3 g/t Au, 263 g/t Ag, 2.05% Pb & 3.96 % Zn
• 8 m @ 1.37 g/t Au, 19.7 g/t Ag & 1.5% Cu
Ø Proposed exploration includes a deep penetrating IP survey to produce new drill targets down-dip and/or along strike of known mineralized occurrences.
33TSX-V: AVG
Looking Ahead
Exploration
Discovery
Value Creation
Ø Amanita Property:
§ 2020 Drilling Campaign
Ø Golden Zone Property:
• Follow up on MJ discovery and expansion of JJ –J4 discovery in preparation for a drilling program
• Drilling expansion of Breccia Pipe Deposit and MEZ
• Drill evaluation of the conglomeratic unit at Copper King/Long Creek area
Ø High Tide Corp.:
• Subsidiary Company with Canadian properties – financed with Flow Through
• Drilling Q1/20 on the Iron Bull Deposit in Labrador to outline maiden resource
• Drilling Q1/20 at Black Raven Au project
• Expect to go public in 12-24 months – shares most likely issued to AVG shareholders in a tax friendly manner
Ø Maximize Value of Jungo Property in Nevada:
• Excellent gold & copper project with high-priority targets ready for drilling
34TSX-V: AVG
Why Invest in Avidian Gold
ü Dedicated Team with a Track
Record
Experienced - Able to Execute – Significant Insider investment
ü Business Plan Creating transformational shareholder wealth through exploration – discovery & sale
ü The Right Assets in the Right
Place
Properties in Mining friendly, politically stable jurisdictions
Projects located within prolific, historically productive Gold Belts near world-class gold deposits
Private subsidiary High Tide Resources to earn 100% in Labrador West Iron Ore Project
ü Resource Established Mining Lease in place and focused on expanding 300 Koz Gold Resource base at the Golden Zone
ü Advanced Exploration
Portfolio
$45 Million Historical Data Base - 5 known targets with multi million-ounce potential
ü Timing Avidian is perfectly positioned to capitalize on the Bull Market in Gold!!
35TSX-V: AVG
Veteran Team | Disciplined, Focused, Committed
Management Experience Achievements
David Anderson,
B.Sc. P.Geo,
Chairman & CEO,
Director
+35 years
Geophysicist 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 (collectively $910 million) after discovering economic mineral deposits. 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.
Donna R. McLean,
BA
CFO
+25 years
International experience with junior
and intermediate exploration
companies
Specializing in the areas of financial reporting, controls and administration. She has held the positions of Chief Financial Officer
and Controller for several mineral exploration companies, including Intrepid Mines Ltd., Metalla Royalty & Streaming Ltd.
(formerly Excalibur Resources Ltd.), Firestone Ventures Inc. and Aurania Resources Ltd.
Steve Roebuck,
BSc, P.Geo
VP Corporate
Development
+25 years
International exploration
experience
Exploration industry including open-pit and underground mine operations.
Capital market expertise including M&A strategies, junior financing, investor relations and marketing
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.
Technical Advisor Experience Achievements
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 responsible for
international exploration programs and corporate development activities. Received the Prospector of the Year Award (2003)
for his team's discovery of the Lagunas Norte Project and the Dufresne Award (2005) for exceptional achievement and
distinguished contributions to mining exploration in Canada from the Canadian Institute of Mining, Metallurgy and Petroleum
and the Charles F. Rand Memorial Gold Medal (2019) from the American Institute of Mining, Metallurgical, and Petroleum
Engineers for achievement in mining administration, including metallurgy and petroleum.
36TSX-V: AVG
Board of Directors
Experience Achievements
David Anderson
B.Sc. P.Geo,
Chairman & CEO,
Director
+35 years
Geophysicist 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, collectively for $910 millon, after 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.
James Polson
MBA
Director
+20 years
Mining service industry and studied
Mechanical and Mechatronic
Engineering
CEO of a Hong Kong based Construction and Mining Services company and board member of the Hong Kong
Construction Industry Council Training Association Civil Engineering Sub-Committee. Was a co-founder of AIDD
Group which went on to become leading international mining service group in the Northeast and Central Asian
region. Founding member of MISA (Mineral Industry Safety Association) in Mongolia. Awarded the Emerging
Leaders award for Entrepreneurship from the IVEY School of Business in 2011.
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 teams 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. Co-recipient of the PDAC inaugural Thayer Lindsley medal awarded for the
most significant international mineral discovery in 2004.
Dino Titaro,
M.Sc., P.Geo
Director
+35 years
International experience in mineral
exploration, mining operations &
consulting
Co-discoverer of 2 major deposits, a gold-copper and gold-sliver deposit (currently in production) totalling 8.4
million oz of Au and 1.4 billion pounds of Cu. Former executive positions and current board of director of private
junior companies and a senior mining public company.
Contact Information
Steve Roebuck, P.Geo
Corporate Development
+1 905 741 5458
Email: [email protected]
David Anderson, Chairman & CEO, Director
Email: [email protected]
Avidian Gold Corp.
18 King St East, Suite 902
Toronto, Ontario
Canada M5C 1C4
Tel: +1 647 259 1786
Fax: +1 647 259 1785
e-mail: [email protected]
TSX-V: AVG