THE CONFERENCE CALLER: Ardiden Limited (ASX: ADV) recently reported a Maiden Mineral Resource estimate for the Kasagiminnis deposit within the company’s Pickle Lake gold project in Ontario, Canada.
Ardiden declared the Inferred Resource estimate of 790,000 tonnes at 4.3 grams per tonne gold for 110,000 ounces to represent the first building block of planned gold resource upgrades as drilling re-commences and exploration activities ramp up on site.
The Resources Roadhouse managed a quick chat with Ardiden CEO Rob Longley at the RIU Resources Investor Roadshow in Melbourne.
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Ardiden has commenced planning for additional drilling, including negotiations with First Nations groups and approvals aimed at extending the Resource along strike and at depth at Kasagiminnis.
The company is also planning geophysical surveys, compiling historical data and evaluating drill targets with the aim of also building Project Mineral Resources at the South Limb, West Pickle and Dorothy-Dobie prospects at the Pickle Lake gold project.
“The Pickle Lake Greenstone area has been overlooked and under-loved since the 1980s, but now there is renewed interest from numerous mining and exploration companies in both the dormant underground mines and adjacent extensions of mineralised areas,” Longley said when releasing the announcement.
“A higher gold price and much improved exploration techniques has made this Gold Camp ripe for re-evaluation.
“Kasagiminnis is only a small part of our Pickle Lake gold project and following a recent site visit, I am encouraged by the prospectivity of the district in terms of mineralisation, opportunity and stakeholder willingness to advance these projects.”