Ardiden Eyeballs New Gold Deposit Targets at New Patricia

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) reported on completion of a recent Airborne Geophysical Survey carried out at the company’s Pickle Lake Gold Project in northwest Ontario.

Ardiden has conducted a preliminary review of raw data from the survey over the Patricia gold prospect that has shown multiple Tier-1 large-scale structural targets analogous to high-grade gold mine settings in the area.

Another structure revealed in detail by the survey is at the Esker gold prospect, located just 3km east along strike of the Golden Patricia underground mine workings.

This displayed a massive 8km-wide ‘Fold-Nose’ target at Esker, which Ardiden declared to be analogous in size and structure to Newmont’s 5 million ounces operating Musselwhite gold mine.

The company provided context of scale, saying the ‘Fold-Nose’ structure revealed at the Esker prospect is larger in dimension than the Super Pit in Kalgoorlie, Western Australia.

“The New Patricia Gold Property is a potential company-maker in its own right,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“Numerous and exciting kilometre-scale geological features have now been delineated for the first time with this modern-day, high-tech Geophysical Survey.

“The New Patricia brownfields gold property is vastly unexplored with good winter access.

“We are seeing incredible structural detail over a regional scale thanks to Ardiden’s aggregation of adjoining gold properties.

“I’m genuinely excited for the time when we commence drilling and see what monsters are potentially hiding below the surface.”