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Ardiden Ltd.
Summary
| Project: | Pickle Lake | |
|---|---|---|
| Deposit: | Kasagiminnis | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-9-2019: Ardiden Ltd. announces a Resource Estimation report for its Kasagiminnis deposit at the Pickle Lake project. Initial mineral resource estimate for project. Ardiden Limited (ASX: ADV) is pleased to report a Maiden Mineral Resource estimate for t | |
| Resources: | (Resource, Inf.): 0.79Mt @ 4.3g/t Au at Kasagiminnis | |
| CP/QP: | [Resources]: Robin Longley, Christine Standing (Internal;Optiro Pty Ltd.) | |
| ABSTRACT: | Ardiden Limited (ASX: ADV) is pleased to report a Maiden Mineral Resource estimate for the Kasagiminnis Deposit within the Company’s Pickle Lake Gold Project in Ontario, Canada. The Inferred Resource estimate of 110,000 ounces of gold is at an impressive high grade of 4.3 g/t Au and represents the first building block of planned gold resource upgrades as drilling re-commences and exploration activities ramp up on site. Ardiden has also 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 meanwhile 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 Ardiden’s Pickle Lake Gold Project. Mining Consultant Optiro Pty Ltd completed the resource estimate and full details of Optiro’s supporting Technical Report is available on the Ardiden website www.ardiden.com.au The Resource Estimate at Kasagiminnis is over 600 m (east-west), is up to 10 m wide (north-south) and extends to a maximum a depth of 280 m below the surface. The geological interpretation and resource model were developed using historical drilling data from the 1980s and drilling undertaken in 2011 by Murchison Minerals Limited (TSX-V’- ‘MUR’), and most recently by Ardiden in 2018. Seven mineralised lodes were interpreted, four of which were used for resource definition. | |
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