Ardiden Identifies High-Grade Gold Hits in Pickle Lake Review

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) scored well from a recently completed review of historical drillhole data at the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden reported that the review revealed numerous high-grade drill intercepts up to 472.8 grams per tonne gold over a 25 kilometres strike length.

The data under review concerned Ardiden’s recent acquisition over the New Patricia gold property with Exiro Minerals Corp as well as Ardiden’s 100 per cent-owned Dorothy-Dobie gold property.

The New Patricia and Dorothy Dobie tenements extend over a continuous length of 40 kilometres of under-explored yet prospective geological setting, directly along strike from the historical Golden Patricia gold mine.

Highlights of the drillhole intercepts revealed from the review of the diamond drilling include:

0.5 metres at 472.8 grams per tonne gold from 184.1m;

0.44m at 153.5g/t gold from 111.4m;

0.32m at 26.4g/t gold from 60.34m;

0.4m at 17.5g/t gold from 54.12m;

1.5m at 13.7g/t gold from 43.32m;

1.1m at 12g/t gold from 71.72m;

8.63m at 5.5g/t gold from 55.82m, including 3.8m at 10.8g/t gold;

20.65m at 3.6g/t gold from 96.85m, including 1.5m at 14.9g/t gold;

7.12m at 3.6g/t gold from 113.06m; and

12.03m at 3.2g/t gold from 29.9m, including 0.9m at 13.5g/t gold.

“Our review of historical data provides clear evidence of significant extensions of high-grade gold mineralisation on our ground along strike of the historical underground gold mine at Golden Patricia,” Ardiden managing director Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“In addition to good width intercepts of high-grade gold, this data shows numerous spectacular grade intercepts along a 25 kilometres strike.

“An intersection of 472.8 grams per tonne gold over half a metre supports our exploration strategy to focus on high-grade lode-style gold mineralisation.

“Our aggregation of a compelling ground holding at the Pickle Lake gold project has a clear objective of defining the next world class gold deposit in Ontario.”

The historical data set that Ardiden compiled and reviewed together with Exiro’s proprietary data included 480 drillholes representing over 38,000m of drilling over the 25km strike length.

Some drilling dates back to 1971, with the most recent drillholes being completed in 2009.

This is the first time the results have been reported under the JORC Code 2012.