Ardiden Identifies New Pickle Lake Gold Targets

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has identified several priority targets for gold mineralisation at the West Pickle prospect, part of the company’s 100 per cent-owned Pickle Lake gold project in Ontario, Canada.

Ardiden identified the new targets by way of an airborne geophysical survey.

The company has also completed a review of available historical drilling data at the adjacent South Limb prospect, from which it has identified several high-grade shallow mineralised intercepts which it plans to drill test this winter for potential gold mineralisation extensions at depth.

West Pickle and South Limb are two of four main gold prospects comprising the Pickle Lake gold project, which also includes the Kasagiminnis deposit and Dorothy-Dobie prospect.

Although it is situated directly along strike of the high-grade Central Patricia and Pickle Crow gold mining centres, the West Pickle area has surprisingly received very little exploration attention to date.

Ardiden was eager to point out the geophysical survey it has completed highlighted hidden structural discontinuities and multiple possible conduits for hydrothermal fluids at West Pickle including:

Two large and highly conductive geophysical responses detected at West Pickle in proximity to iron formations. Strong conductors are typically associated with pyrrhotite and gold mineralisation along strike at the Central Patricia Mine.

Multiple magnetic lows identified at West Pickle in prospective Iron Formations. Magnetic lows can indicate that gold-mineralising fluids may have altered the rock.

The West Pickle area is structurally complex with folding and faulting discontinuities over the entire 5km strike of property, providing a number of prospective geological settings for gold mineralisation.

The company said the geophysical survey will greatly assist in its planning of ongoing exploration work and identification of potential high-grade gold drill targets.

“The identification of these new targets at Pickle Lake underscores our commitment to add to the quality gold resources announced at Kasagimminis,” Ardiden CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“Our geophysical survey has successfully delivered targets and aligns with our planned drilling approach in 2020.

“We have a good mix of known gold deposits, anomalous gold prospects and untested yet highly-prospective ground, so our opportunities for resource growth and new discoveries are really exciting as well as the opportunities of aggregation of gold-prospective land holdings within the Pickle Lake area.”