Ardiden Eyes Gold Mineralisation at Depth at Kasagiminnis

THE DRILL SERGEANT: Ardiden (ASX: ADV) claimed confirmation of high-grade gold following results at the company’s 100 per cent-owned Kasagiminnis deposit, part of its Pickle Lake gold project in northwest Ontario, Canada.

Ardiden received lab assays for the first four holes of the program with another six holes so far completed and awaiting results later Q4 2020.

The company indicated it has drilling continuing, hopefully as longs as possible into November, but as the temperature drops, safety aspects will be carefully managed for this campaign.

Results demonstrated gold grade strengthening at depth, including:

6 metres at 4.23 grams per tonne gold.

Other high-grade gold intercepts include:

6.5m at 4.28g/t gold.

The company explained that drilling carried out to date has so far only tested a small portion of the first 250m below surface to provide better understanding of controls on mineralisation before targeting deeper drilling.

Ardiden’s ‘Summer Drill Program’ is continuing where mineralisation is open along strike to the west at Kasagiminnis that had not been previously tested.

The company’s ‘Winter Drill Program’, scheduled for Q1 2021, will explore the much larger untested strike length to the east at Kasagiminnis under the frozen shallow lake with drill rigs setup on the ice.

“Ardiden is hunting deep, high-grade gold deposits across its massive landholding, analogous to other well-known gold deposits in Ontario, such as Red Lake, Dixie, Musselwhite and Hemlo,” Ardiden managing director and CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“A steady and systematic Exploration approach is prudent in this terrain, applying good science and data capture at each stage.

“‘Kas’ is our first cab off the rank, but with another 18 prospects already in Ardiden’s Gold Pipeline, we are aiming to create value for investors by increasing our likelihood of making Tier 1 gold deposit discoveries”