Avidian Gold Corp. provided an update from the Copper King/Long Creek 2021 reverse-circulation drilling program at its district-scale Golden Zone Project strategically located in south-central Alaska midway between Anchorage and Fairbanks only 10 km west of paved State Highway 3, the Alaska Railroad and the 345 kV Alaska Intertie power lines. A total of 1,512.54 m in ten (10) RC holes were drilled within the Copper King/Long Creek area as a follow-up to the previous drilling to test the continuity of a known mineralized conglomeratic unit and geophysical targets related to a large magnetic low and CSAMT Impedance anomaly which defined near-surface resistivity highs that are interpreted to be intrusions into overlying sediments, all within the vicinity of a quartz-eye granite porphyry.

The Copper King/Long Creek area occurs in the Long Creek mineralized corridor, which is characterized by Cu-Au-Ag mineralization in a variety of geological settings over a 2 km long strike length. Mineralization is typically proximal to a distinct quartz-eye granite porphyry which locally contains disseminated molybdenite and chalcopyrite. Mineralization styles at Copper King occurring within 250 m of the main granite outcrop include: i) replacement mineralization in conglomerate such as seen in T18-11 that encountered 21.0 m @ 0.13 g/t Au, 13.1 g/t Ag, and 0.45% Cu and 3.0 m @ 16.08 g/t Au, 50.6 g/t Ag and 0.78% Cu in T18-05; ii) massive sulphide skarn mineralization such as 9.1 m @ 8.71 g/t Au, 80.8 g/t Ag, 3.57% Cu in hole CK18-01; iii) stockwork quartz mineralization such as in a grab sample that returned 4.8 g/t Au, 106 g/t Ag, 1.41% Cu; iv) quartz-sulphide vein mineralization as seen in historic hole CK- 94-2 that returned 6.1 m @ 1.09 g/t Au, 9.17 g/t Ag and 0.36% Cu; and mafic dike-related mineralization as in a grab sample that returned 1.44 g/t Au, 87.5 g/t Ag, 3.29% Cu.

Drilling in the Copper King/Long Creek area in 2021 focused on two main targets. The first is replacement mineralization within a conglomerate horizon (Style i as above) that is intermittently exposed over a strike length of 2 km as this conglomerate is known to contain significant mineralization locally as noted above. The drilling program only tested the northeastern portion of the conglomerate horizon (5 holes) over a strike length of approximately 1 km at a minimum 200 m spacing with significantly anomalous Cu, Ag, and Au noted in 4 of 5 holes such as 10.67 m @ 0.51 g/t Au, 7.3 g/t Ag and 0.19 % Cu including 1.52 m @ 2.23 g/t Au, 18.3 g/t Ag and 0.43% Cu in hole GZ21RC-07.

The second target is mineralization more clearly related to the quartz-eye porphyry granite (Styles ii to iv as above) in the vicinity of a CSAMT Impedance anomaly. Hole GZ21RC-13 encountered 6.1 m @ 0.36 g/t Au, 16.7 g/t Ag and 0.23% Cu, and 4.57 m @ 0.81 g/t Au including 1.53 m @ 1.68 g/t Au The granite was also found to be much more extensive than previously known, and the distribution of molybdenite is also more widespread. Three holes were drilled in the Long Creek prospect in 2021, with holes GZ21RC-07 & 08 being the two southernmost holes, drilled from the same location near trench TR18-05 that encountered 3.0 m @ 16.08 g/t Au, 50.6 g/t Ag and 0.78% Cu.

These two holes were drilled to test potential replacement style mineralization in the northeast-trending conglomerate along strike to the southwest of the Copper King prospect and are also located near the southeast edge of a large CSAMT Impedance anomaly. Hole GZ21RC-07 drilled 10.67 m @ 0.51 g/t Au, 7.3 g/t Ag and 0.19% Cu including 1.52 m @ 2.23 g/t Au, 18.3 g/t Ag and 0.43% Cu hosted in the conglomerate within the upper portion of the hole from 4.57 to 15.24 m. GZ21RC-08 was drilled at a steeper angle (-60°), intersecting the conglomerate from 7.62 m to 15.24 but the zone only contained moderately elevated silver, copper and zinc values with the best interval containing 1.53 m @ 4.3 g/t Ag, 0.15% Cu. A second mineralized interval possibly associated with a narrow structure intersected 3.05 m grading 5.9 g/t Ag and 0.16% Cu.

Drill hole GZ21RC-09 targeted a large CSAMT Impedance anomaly and was exclusively hosted in relatively unaltered sediments with 3.04 m @ 0.13 g/t Au and 6.9 g/t Ag including 1.52 m @ 0.1 g/t Au, 13.2 g/t Ag and 0.12% Cu. This zone also contained slightly elevated copper and zinc values. This hole was stopped 120 m short of the intended depth due to difficult drilling conditions and did not properly test the CSAMT Impedance anomaly at depth.

Seven holes were drilled in the Copper King prospect area Drill hole GZ21RC-10 targeted the interpreted northeast-trending mineralized conglomerate within a large CSAMT Impedance anomaly as well as being on the southwest flank of a magnetic low. The hole intersected a thick sequence of siltstone and sandstone cut by minor granite dikes containing <1% quartz veining and trace amounts of pyrite and rare molybdenite. Only a minor percentage of the expected conglomerate was encountered.

Metal values were generally low.