Ardiden Has Kasagiminnis Exploration Permit Renewed

THE DRILL SERGEANT: Ardiden (ASX: ADV) lifted a self-imposed trading halt by announcing it has been issued an Exploration Permit renewal in relation to the 100 per cent-owned Kasagiminnis deposit at the company’s Pickle Lake gold project, Ontario, Canada.

Ardiden was issued the permit having met the required consultation with all neighbouring First Nation groups as stipulated under (COVID-19) modified Mines Department (MENDM) Permit conditions.

The global COVID-19 situation had presented a short delay to the company’s anticipated Summer drill program at the Kasagiminnis gold deposit, however, Ardiden now anticipates having a drill rig in place at Kasagiminnis within two weeks, which will provide sufficient time to complete its planned (Canadian) Summer drilling program.

“The Pickle Lake region has at least two other companies actively drilling gold prospects in the area, and this has placed unprecedented pressures on the small local FN communities and heightened concerns due to the COVID situation in Ontario,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“Now that we have all the necessary permits, we are very much looking forward and moving quickly to commence our summer drilling campaign at our flagship Kasagiminnis gold deposit and thanks to our recent capital raising, preparing for a larger Winter program.”

Ardiden will also continue exploration activity across all of its other gold deposits and prospects at the Pickle Lake gold project.