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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 8/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-8-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 23.7m @ 1.67% Li2O from 50.0m. Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Chataway (Not stated) | |
| ABSTRACT: | Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) is pleased to advise that it has received further highly encouraging assay results from a further 14 diamond drill holes completed as part of the ongoing Phase 2 resource delineation diamond drilling program at its 100%-owned Seymour Lake Lithium Project in Ontario, Canada. The latest assay results include an outstanding high-grade intercept grading 5.7% lithium oxide (Li2O), as well as numerous strong assays which continue to support the delineation of the maiden Mineral Resource at the North Aubry prospect. The latest assay results continue to verify the presence of multiple thick zones of high-grade lithium mineralisation at the North Aubry prospect. Mineralisation daylights at surface and is hosted in multiple stacked pegmatite sills. As previously advised, the current diamond drilling program is designed to target the immediate project area around the North Aubry prospect, which is located within an extensive 5km long pegmatite zone identified during the mapping and sampling campaign completed in 2016. To date, the drilling program has focused on the North Aubry prospect due to the ease of access and high-quality lithium mineralisation at the prospect. The identification of pegmatites either at or close to surface represents a strategic advantage for the project, potentially allowing for easier access to high-quality mineralisation in a future mining scenario | |
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