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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 5/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-5-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 21m @ 1.6% Li2O from 2.6m. Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) is pl | |
| 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 highly encouraging initial assay results from the first four diamond drill holes of the ongoing Phase 2 resource delineation diamond drilling program at the majority-owned Seymour Lake Lithium Project in Ontario. The results include an outstanding intercept grading 5.4% lithium oxide (Li2O) as well as numerous strong assays which continue to support the potential to establish a maiden Mineral Resource at the North Aubry prospect. The latest results continue to verify the presence of multiple thick zones of high-grade lithium mineralisation located either at or close to surface, with the recent drilling confirming the presence of secondary, stacked and parallel, mineralised sills in a number of holes at the North Aubry prospect. Ardiden confirms the first batch drill core assays from the Phase 2 drill program have now been received from Actlabs laboratory in Thunder Bay. The assay results, from drill holes SL-17-01 to SL-17-04, continue to confirm the presence of significant lithium mineralisation at various grades in all samples, with significant assay grades of up to 5.4% Li2O (drill hole SL-17-02) identified. The overall average grade from all 111 drill core samples was an impressive 1.36% Li2O. 59% of this batch of assays (66 of the initial 111 drill core samples) returned results greater than the 0.5% Li2O cutoff with an average grade of 2.0% Li2O, while 53% (59 of 111 drill core samples) returned results greater than 1.0% Li2O with an average grade 2.2% Li2O. 37% (41 of 111 drill core samples) returned results greater than 1.5% Li2O with an average grade of 2.6% Li2O. | |
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