THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) is preparing for a string of work to be undertaken at the company’s 100 per cent-owned South Limb gold prospect at Pickle Lake, north-west Ontario in Canada.
Ardiden has just completed a drone-mounted geophysical magnetometer survey that targeted two high-priority drill target areas at the under-explored brownfield South Limb gold prospect, to help refine Ardiden’s gold exploration drill targeting in these areas.
While the company continues to drill at its main focus at Pickle Lake, the Kasagiminnis gold deposit, upcoming drilling at South Limb fits in to part of its plans to progressively advance exploration across the entire Pickle Lake ‘Gold Pipeline’.
As such, Ardiden is preparing to mobilise a second drill rig to the South Limb gold prospect to test high-priority gold targets, aimed to commence before the Christmas shutdown.
South Limb is situated 17 kilometre north-east of Kasagiminnis and approximately 10km south of TSX-listed First Mining Gold’s Pickle Crow gold mine where ASX-listed Auteco is currently drilling as part of a 5-year earn-in arrangement.
South Limb also directly adjoins Newmont’s Dona Lake Gold Mine, where TSX-listed Metals Creek is also working through a 3-year earn-in arrangement.
The Dona Lake underground Gold Mine produced 246,500 ounces of gold at 6.6 grams per tonne gold until its closure in 1993 due to the gold price not being quite a strong as it currently is.
Ardiden’s Resource definition drilling continues at the 100 per cent-owned Kasagiminnis deposit, from which the company anticipates being able to update the market at the end of November or early December as results are progressively received, checked, and interpreted.
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