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Couloir Capital Ltd. Is Pleased to Announce the Initiation of Research Coverage on Avidian Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2022) - Couloir Capital Ltd. is please...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Couloir Capital Ltd. Is Pleased to Announce the Initiation of Research Coverage on Avidian Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - March 9, 2022) - Couloir Capital Ltd. is pleased to announce initiation of research coverage on Avidian Gold Corp. (TSXV: \"AVG\"), or (\"Company\")). The report is titled, \"Potential Resource Growth and New Discovery Potential in Alaska and Exploration for Large Scale Mineralization in Nevada.\"The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal Click on \"Sign in / Sign up\". Report Excerpt: Avidian has a varied portfolio of assets with catalysts for value uplift potentially coming from several different sources. The foundation of the Company's current value are the estimated resources at the Golden Zone project, and we expect to see steady resource growth in the coming years, such that in the medium term we expect to see growth to a level sufficient to support a Preliminary Economic Assessment (\"PEA\"). However, the Company also has blue sky potential for large-scale discovery at both the SW Prospects area (Golden Zone) and Jungo, where the permitting procedure has been completed and the restart of exploration is ready to go. Finally, the Amanita project is a very interesting proposition by itself as previous work demonstrates near surface oxide mineralization on the same structures as immediately adjacent Fort Knox. A mine which currently places much lower grade material on its heap leach pads and has been openly looking to acquire new resources in the area to replace declining production from its own pits. Any resources at Amanita may become an eminent acquisition target for them. Historically, high cash burn coupled with sporadic news flow has been a problem that weighed heavily on the Company's share price. The commencement of year-round news flow by initiating exploration at Jungo, and the potential to fund exploration through divestment of its CAD $5 million holding in High Tide Resources shares, should help alleviate this issue. We therefore see the present as being an inflection point for the value of the company and a potential good opportunity.About Avidian Gold Corp.Avidian brings a disciplined and veteran team of project managers together with a focus on advanced-stage gold exploration projects in Alaska. Additi...