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Rob Longley Ardiden Limited (ASX: ADV) December 2020

 

Ardiden Limited (ASX: ADV) has an exhaustive drilling program underway at the company’s Pickle Lake gold project in the province of Ontario in Canada. Recent results from the Kasagiminnis prospect have encouraged the company to expand its drilling horizons across the project in 2021. CEO & Managing Director Rob Longley ZOOMed into The Resources Roadhouse to advise of the progress being made.

Ardiden Goes Out on South Limb at Pickle Lake

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) is preparing for a string of work to be undertaken at the company’s 100 per cent-owned South Limb gold prospect at Pickle Lake, north-west Ontario in Canada.

Ardiden has just completed a drone-mounted geophysical magnetometer survey that targeted two high-priority drill target areas at the under-explored brownfield South Limb gold prospect, to help refine Ardiden’s gold exploration drill targeting in these areas.

While the company continues to drill at its main focus at Pickle Lake, the Kasagiminnis gold deposit, upcoming drilling at South Limb fits in to part of its plans to progressively advance exploration across the entire Pickle Lake ‘Gold Pipeline’.

As such, Ardiden is preparing to mobilise a second drill rig to the South Limb gold prospect to test high-priority gold targets, aimed to commence before the Christmas shutdown.

South Limb is situated 17 kilometre north-east of Kasagiminnis and approximately 10km south of TSX-listed First Mining Gold’s Pickle Crow gold mine where ASX-listed Auteco is currently drilling as part of a 5-year earn-in arrangement.

South Limb also directly adjoins Newmont’s Dona Lake Gold Mine, where TSX-listed Metals Creek is also working through a 3-year earn-in arrangement.

The Dona Lake underground Gold Mine produced 246,500 ounces of gold at 6.6 grams per tonne gold until its closure in 1993 due to the gold price not being quite a strong as it currently is.

Ardiden’s Resource definition drilling continues at the 100 per cent-owned Kasagiminnis deposit, from which the company anticipates being able to update the market at the end of November or early December as results are progressively received, checked, and interpreted.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Ardiden Eyes Gold Mineralisation at Depth at Kasagiminnis

THE DRILL SERGEANT: Ardiden (ASX: ADV) claimed confirmation of high-grade gold following results at the company’s 100 per cent-owned Kasagiminnis deposit, part of its Pickle Lake gold project in northwest Ontario, Canada.

Ardiden received lab assays for the first four holes of the program with another six holes so far completed and awaiting results later Q4 2020.

The company indicated it has drilling continuing, hopefully as longs as possible into November, but as the temperature drops, safety aspects will be carefully managed for this campaign.

Results demonstrated gold grade strengthening at depth, including:

KAS20-02
6 metres at 4.23 grams per tonne gold.

Other high-grade gold intercepts include:

KAS20-03
6.5m at 4.28g/t gold.

The company explained that drilling carried out to date has so far only tested a small portion of the first 250m below surface to provide better understanding of controls on mineralisation before targeting deeper drilling.

Ardiden’s ‘Summer Drill Program’ is continuing where mineralisation is open along strike to the west at Kasagiminnis that had not been previously tested.

The company’s ‘Winter Drill Program’, scheduled for Q1 2021, will explore the much larger untested strike length to the east at Kasagiminnis under the frozen shallow lake with drill rigs setup on the ice.

“Ardiden is hunting deep, high-grade gold deposits across its massive landholding, analogous to other well-known gold deposits in Ontario, such as Red Lake, Dixie, Musselwhite and Hemlo,” Ardiden managing director and CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“A steady and systematic Exploration approach is prudent in this terrain, applying good science and data capture at each stage.

“‘Kas’ is our first cab off the rank, but with another 18 prospects already in Ardiden’s Gold Pipeline, we are aiming to create value for investors by increasing our likelihood of making Tier 1 gold deposit discoveries”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

 

Ardiden Eyeballs New Gold Deposit Targets at New Patricia

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) reported on completion of a recent Airborne Geophysical Survey carried out at the company’s Pickle Lake Gold Project in northwest Ontario.

Ardiden has conducted a preliminary review of raw data from the survey over the Patricia gold prospect that has shown multiple Tier-1 large-scale structural targets analogous to high-grade gold mine settings in the area.

Another structure revealed in detail by the survey is at the Esker gold prospect, located just 3km east along strike of the Golden Patricia underground mine workings.

This displayed a massive 8km-wide ‘Fold-Nose’ target at Esker, which Ardiden declared to be analogous in size and structure to Newmont’s 5 million ounces operating Musselwhite gold mine.

The company provided context of scale, saying the ‘Fold-Nose’ structure revealed at the Esker prospect is larger in dimension than the Super Pit in Kalgoorlie, Western Australia.

“The New Patricia Gold Property is a potential company-maker in its own right,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“Numerous and exciting kilometre-scale geological features have now been delineated for the first time with this modern-day, high-tech Geophysical Survey.

“The New Patricia brownfields gold property is vastly unexplored with good winter access.

“We are seeing incredible structural detail over a regional scale thanks to Ardiden’s aggregation of adjoining gold properties.

“I’m genuinely excited for the time when we commence drilling and see what monsters are potentially hiding below the surface.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Ardiden Prepares to Drill at South Limb

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has completed permitting requirements to enable exploration activities to advance the 100 per cent-owned South Limb gold prospect, within the company’s Pickle Lake gold project in Canada.

South Limb is one of 19 gold deposits and prospects Ardiden has identified to date at Pickle Lake with historical drill results from South Limb highlighting a number of areas with high-grade mineralisation and sulphides.

Ardiden is currently drilling at its advanced Kasagiminnis gold deposit, situated 20km south west of South Limb.

The company is systematically lining-up its 18 other gold prospects and deposits to ensure a steady pipeline of gold targets across its 664 square kilometres Pickle Lake project.

Ardiden plans to undertake an initial exploratory drill program at South Limb before the end of the calendar year.

Ardiden gained access to South Limb via an arrangement with the Mishkeegogamang First Nation.

The South Limb MoU is the company’s second such agreement in the Pickle Lake project area.

“This is further progression of our relationship with the Mishkeegogamang First Nation group based at New Osnaburgh,” Ardiden managing director and CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“I would like to thank the Mishkeegogamang leaders sincerely for placing further trust in our ability and desire to consider all stakeholder and traditional needs in this area.

“With drilling currently underway at Kasagiminnis, we hope to be drilling in a similarly responsible manner at the South Limb prospect in the very near future, and engaging Mishkeegogamang in employment and training opportunities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Ardiden Encounters Visible Gold in First Kasagiminnis Hole

THE DRILL SERGEANT: Ardiden Limited has encountered visible gold logged in mineralised drill core from the first drillhole completed at the company’s 100 per cent-owned Kasagiminnis deposit, part of the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden recently commenced its drilling campaign at Kasagiminnins and KAS20-001 was the first hole of the program, intersecting of a wide mineralised zone from 166.5 metres, including the presence of visible gold.

The drill core is yet to be geotechnically logged, cut, and sent off site for analysis.

“This intersection of a wide mineralised zone early in our program, almost exactly where we predicted it should be, confirms our modelling and drill strategy,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“It is the first time that coarse, visible gold has been noted at Kasagiminnis.

“We have a highly experienced drill and support crew here and we are all really excited about this first hit and the potential for mineralisation to improve at depth, as seen elsewhere in other gold mines and deposits in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

Ardiden Has Kasagiminnis Exploration Permit Renewed

THE DRILL SERGEANT: Ardiden (ASX: ADV) lifted a self-imposed trading halt by announcing it has been issued an Exploration Permit renewal in relation to the 100 per cent-owned Kasagiminnis deposit at the company’s Pickle Lake gold project, Ontario, Canada.

Ardiden was issued the permit having met the required consultation with all neighbouring First Nation groups as stipulated under (COVID-19) modified Mines Department (MENDM) Permit conditions.

The global COVID-19 situation had presented a short delay to the company’s anticipated Summer drill program at the Kasagiminnis gold deposit, however, Ardiden now anticipates having a drill rig in place at Kasagiminnis within two weeks, which will provide sufficient time to complete its planned (Canadian) Summer drilling program.

“The Pickle Lake region has at least two other companies actively drilling gold prospects in the area, and this has placed unprecedented pressures on the small local FN communities and heightened concerns due to the COVID situation in Ontario,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“Now that we have all the necessary permits, we are very much looking forward and moving quickly to commence our summer drilling campaign at our flagship Kasagiminnis gold deposit and thanks to our recent capital raising, preparing for a larger Winter program.”

Ardiden will also continue exploration activity across all of its other gold deposits and prospects at the Pickle Lake gold project.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Ardiden Increases Ontario Gold Footprint

THE DRILL SERGEANT: Ardiden (ASX: ADV) has expanded its landholding at the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden has expanded Pickle Lake to over 500 square kilometres by staking additional highly prospective greenstone belts, which the company considers both contiguous and along strike of historical gold mines and known gold deposits.

In line with its gold exploration strategy, Ardiden has continued to stake prospective ground and negotiate opportunities that complement its land holding at Pickle Lake and create opportunities for an increase in shareholder value through its gold assets.

“The ground holding now extends over more than 100 kilometres of highly prospective Archean greenstone territory that provides us the best opportunity to make new and exciting discoveries,” Ardiden CEO Rob Longley said in the company’s announcement to the Austtralian Securities Exchange.

“What is significant about the increased landholding is the potential of the overall belt as one of the best jurisdictions in which to invest and explore for new high-grade gold deposits using modern exploration techniques and geophysical analysis – we are very excited about what the future holds.”

Ardiden has an existing high-grade 110,000 ounce inferred JORC gold Resource estimate at Pickle Lake at its Kasagiminnis Deposit (790,000 tonnes at 4.3g/t gold).

While this deposit is the target of the company’s next drilling program, aimed at progressively increasing JORC Resources, the landholding now provides multiple gold targets across a district-scale package the company believes provides for a long-term exploration pipeline of gold projects.

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

THE DAILY ROADHOUSE

 

Saturn Metals Confirms High-Grade Mineralisation at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the first results from the 2020 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Matsa Resources Extends Fortitude North Mineralisation

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) has received early results from diamond drilling at Fortitude North, located within the company’s Lake Carey gold project in Western Australia.

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.

Alloy Resources Acquires New Exploration Pipeline Via Dingo Resources

THE BOURSE WHISPERER: Alloy Resources (ASX: AYR) has entered into a binding Heads of Agreement to acquire unlisted public company Dingo Resources Limited.

 

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:

DOR-90-043
0.5 metres at 472.8 grams per tonne gold from 184.1m;

DOR-07-005
0.44m at 153.5g/t gold from 111.4m;

MD-90-119
0.32m at 26.4g/t gold from 60.34m;

MD-90-113
0.4m at 17.5g/t gold from 54.12m;

DOR-88-034
1.5m at 13.7g/t gold from 43.32m;

MDW-90-026
1.1m at 12g/t gold from 71.72m;

DOR-88-028
8.63m at 5.5g/t gold from 55.82m, including 3.8m at 10.8g/t gold;

DOR-88-025
20.65m at 3.6g/t gold from 96.85m, including 1.5m at 14.9g/t gold;

DOR-88-032
7.12m at 3.6g/t gold from 113.06m; and

ME-88-08
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.

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au