THE DRILL SERAGENT: Ardiden Limited (ASX: ADV) reported the commencement of its Winter drilling campaign at the company’s Pickle Lake gold project in northwest Ontario, Canada.
The Pickle Lake gold project is a continuous land tenure of 870 square kilometres that contains at least 22 identified gold deposits and prospects that the company will be systematically exploring.
The current program involves an initial 7-hole program designed at the South Limb prospect to test extensions of the same iron formation that hosts mineralisation at the Dona Lake gold mine.
Mined between 1987 and 1993, the underground Dona Lake gold mine produced more than 246,500 ounces of gold at 6.5g/t to depths of 450m below surface.
However, the surface footprint of the main lode was only 100m of strike length.
The strong concentration of Iron Formation on Ardiden’s ground, adjacent to the Dona Lake Mine, is largely untested, which the company has marked as a high-priority target for initial drill testing.
“Our Ontario-based geology team and Major Drilling have been working diligently to move the program forward while rigorously complying with the Ontario Government’s COVID-19 procedures and guidelines to ensure the safety of our team, contractors, and stakeholders,” Ardiden managing director and CEO Rob Longley explained in the company’s ASX announcement.
“South Limb, which sits alongside the Dona Creek gold mine, is the second gold prospect to be drilled at our Pickle Lake gold project.
“There are another 20 identified gold prospects, which have yet to be touched.
“We have budgeted and planned at least 5,000 metres of Winter drilling which will be split between our fully permitted South Limb prospect and Kasagiminnis gold deposit.
“The program will be adapted to the geology intersected and to optimise local logistics.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE