Ardiden Reports on Pickle Lake Progress

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) brought the market up to speed on progress of Winter exploration activities at the company’s Pickle Lake gold project in north-west Ontario, Canada.

Ardiden is currently drilling four holes into the Winter programme at South Limb, which is situated immediately along strike of the Dona Lake Gold mine of Newmont.

Preparation is also underway for drilling over the frozen lake section of the Kasagiminnis gold deposit, 17km south-west of South Limb.

“Ground exploration activities at Pickle Lake are running smoothly and some exciting sulphides have been intersected in our South Limb drilling next to the Dona Lake Mine,” Ardiden managing director and CEO Rob Longley said in the company’s ASX announcement.

“We are on schedule to complete the initial drilling at South Limb and then move across to drill at Kas.

“It is great to see processed imagery from the drone mag survey over the frozen lake at Kas, help map out the highly prospective Iron Formation.

“Our site geologists are unravelling the structural and lithological controls on gold mineralisation at South Limb and Kas, as we collect more oriented data from these previously untested areas.”

Elsewhere in Ontario, Ardiden holds 100 per cent-ownership of three high-grade, hard-rock (spodumene) lithium projects.

The company has drilled over 25,000m on its lithium projects where it continues to hold exploration credits.

Ardiden is now undertaking a review of its Lithium assets at a time of rapidly growing lithium demand in the context of increasing focus on electric vehicles, energy storage and renewable energy generation.