Avidian Gold Corp - AVGDF STOCK NEWS

Avidian Gold Corp. has released an exploration update from its Golden Zone Project in Alaska, covering 125.5 sq. km. The 2021 prospecting program expanded the Southwest Prospects area, revealing a 4.5 km mineralized trend with several gold-bearing zones. Notable findings include samples from the JJ prospect ranging from 2.08 g/t Au to 6.14 g/t Au and the discovery of a new CC prospect. A total of 3286 m was drilled at several areas during the 2021 season, with many assay results still pending. The company aims for systematic exploration in 2022 to further assess mineralization potential.

Avidian Gold Corp. provided an exploration update for its Golden Zone Project in Alaska.

Key achievements include:

• 3,288 m of reverse-circulation drilling from 27 holes
• 2,275 samples sent for analysis
• Mayflower Extension Zone (MEZ) strike defined at 600 m
• 1,200 km drone magnetic survey completed

The MEZ drilling indicates a mineralization extension and the potential for resource increases if assay results are positive. Avidian's Breccia Pipe Deposit currently hosts 267,400 ounces indicated and 35,900 ounces inferred gold resources.

Avidian Gold Corp. (TSXV:AVG)(OTCQB:AVGDF) announced that its subsidiary, High Tide Resources Corp., completed a non-brokered private placement, raising $1,099,809.50. The offering attracted significant interest, oversubscribed by over 35%. High Tide aims to use the funds for exploration at its Labrador West Iron and Lac Pegma projects. Avidian plans to distribute approximately 9.36 million High Tide shares post-listing, holding 36.98% of High Tide's shares on a fully diluted basis. This distribution is contingent upon High Tide completing its listing.

Avidian Gold Corp. held a special meeting on September 7, 2021, where shareholders approved key resolutions. Notably, they authorized the distribution of approximately 9.36 million common shares of High Tide Resources Corp., equating to about 30% of Avidian's holdings, to shareholders. Additionally, the Board was authorized to consolidate common shares at a ratio of up to 1-for-5. This consolidation aims to enhance investor interest and facilitate future capital-raising efforts, subject to TSX Venture Exchange approval.

Avidian Gold Corp. (TSXV:AVG, OTCQB:AVGDF) announced its participation in the Precious Metals Summit in Beaver Creek, Colorado from September 8-10, 2021. The company is engaged in resource expansion drilling at its Golden Zone Project in Alaska, which hosts an indicated gold resource of 267,400 ounces. Following this, Avidian plans to drill at the Amanita Project. CEO Steve Roebuck invites interested investors to connect with the team for further discussions.

Avidian Gold Corp. (TSXV:AVG) announced that its majority-owned subsidiary, High Tide Resources Corp., intends to become a reporting issuer and list its shares on a Canadian stock exchange. A special meeting of shareholders is scheduled for September 7, 2021, to approve the distribution of approximately 9.36 million High Tide shares to Avidian shareholders. The distribution aims to be tax-free, contingent on shareholder approval and High Tide's listing. Additionally, High Tide plans a private placement offering to raise up to $750,000 for exploration and corporate purposes.

Avidian Gold Corp. (TSXV:AVG)(OTCQB:AVGDF) reported significant progress on its Golden Zone Project in Alaska. Drilling commenced on August 12, 2021, with over 1,250 m completed out of a planned 5,000 m program. Notable advancements include a 200 m extension of mineralization at the Mayflower Extension Zone, shipping of initial drill samples for analysis, and extensive drone surveys. The Breccia Pipe Deposit currently holds a total indicated gold resource of 267,400 ounces. The drilling program is expected to conclude by mid-September.

Avidian Gold Corp. (TSXV:AVG)(OTCQB:AVGDF) will hold a special shareholder meeting on September 7, 2021, to obtain approval for a reduction of stated capital and share consolidation. The proposed reduction aims to facilitate a tax-free dividend of approximately 30% of High Tide Resources Corp. shares, contingent on High Tide listing on a Canadian exchange. The consolidation may occur at a ratio of up to 1 for 5, impacting shares from 164,862,041 to about 32,972,408.

Avidian Gold Corp. has appointed John Schaff as Vice-President of Exploration, effective July 19, 2021, succeeding Dr. Tom Setterfield, who will continue as a Consultant. Schaff has 30 years of experience with significant discoveries including the C-Horst deposit and has previously contributed to Avidian’s projects. The company also granted 1,650,000 stock options at $0.20 per share to directors, officers, and employees. Avidian focuses on advanced-stage gold exploration in Alaska, with a highlighted resource of 267,400 ounces at its Golden Zone project.