Avidian Gold Corp. (TSXV:AVG) – Hot Smoke; Signs of Burning Fire!
October 15, 2018
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.