THE DRILL SERGEANT: Ardiden (ASX: ADV) reported on recent and upcoming activities for the company’s Pickle Lake gold project in Canada.
For the benefit of those who came in late, the Pickle Lake gold project is a continuous District-Scale land tenure package of 870 square kilometres situated east of Red Lake in northwest Ontario.
The connected tenure is majority 100 per cent owned by Ardiden and currently contains 22 identified gold deposits and prospects that the company is systematically exploring.
The Pickle Lake project has been subdivided into three geographical ‘hubs’: the Southern, Eastern, and Western Hubs, the last of which encompasses 50km of under-explored prospective strike length that includes the Esker gold prospect.
An airborne VLF-EM detail Geophysical Survey and structural interpretation has identified additional Tier-1 Scale Gold Targets along the 50km strike at the Western Hub.
Ardiden is currently planning fieldwork at the Esker Gold Prospect as soon as First Nation Agreements are in place.
“The Western Hub evaluation has started to come together and is presenting strong similarities to other recent gold discoveries located along the same greenstone belt in the Red Lake area,” Ardiden MD and CEO Rob Longley said in the company’s ASX announcement.
“Implementation of an initial drill programme at the Esker gold prospect will be our key focus.
“Esker will be Ardiden’s first step onto the Western Hub.
“This highly prospective structure exhibits similarities to the geological setting at Great Bear Resources’ Dixie/LP Fault, which is located to our west at Red Lake.
“Drilling at Esker requires MoUs with First Nation stakeholders.
“The company is well advanced in its negotiations and can point to a responsible reputation in the area as Ardiden has delivered on all its commitments with the neighbouring Mishkeegogamang FN group at our fully permitted Kasagiminnis and South Limb gold prospects.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE