High-Grade Gold Drilled At The Golden Zone

TORONTO - Avidian Gold Corp. reported assay results from the remaining 9 of the 17 reverse-circulation (RC) drill holes completed on the southwest portion of the Mayflower Extension Zone (MEZ). Assay results from the 9 holes reported along with the previous 8 holes announced complete the reporting of all 17 RC holes that drill tested a 600 m portion of the MEZ in 2021. The district-scale (125.5 sq. km) Golden Zone Project is located in south-central Alaska and is strategically positioned midway between Anchorage and Fairbanks and only 10 km west of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska Intertie power lines.

Highlights of drill assays received from the southwest 300 m portion of the MEZ include: Hole GZ21RC-18 intersected 6.10 meters (m) grading 2.06 g/t Au, including 3.05 m grading 3.89 g/t Au; Hole GZ21RC-22 intersected 15.24 m grading 2.65 g/t Au, including 3.05 m grading 11.70 g/t Au; Hole GZ21RC-23 intersected 4.57 m grading 2.43 g/t Au and 4.58 m grading 2.22 g/t Au within a broader zone of 73.45 m grading 0.45 g/t Au; Hole GZ21RC-24 intersected 6.10 m grading 2.14 g/t Au within a broader zone of 60.96 m grading 0.68 g/t Au; and All 17 RC drill holes are located wholly within the northeast-trending zone and have successfully extended the known strike length an additional 185 m for a total strike length of 600 meters and the MEZ remains open both along strike and at depth.

Steve Roebuck, President & CEO, said, "The consistent and impressive assay results from the 2021 drill program prove that MEZ is a significant mineralized system that has considerable potential to quickly build a near-surface gold resource. As we look forward to the 2022 field season, and continued drilling at MEZ, our focus will be to extend the drill-defined mineralization another 300 m along strike toward the Bunkhouse Prospect and follow the gold to depth."