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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2018: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 26.9m @ 1.58% Li2O from 188.00m. Canadian-focused lithium explorer and developer, Ardiden Limited (“ADV | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Chataway (Independent) | |
| ABSTRACT: | Canadian-focused lithium explorer and developer, Ardiden Limited (“ADV” or “the Company”) (ASX: ADV), is pleased to announce further high-grade lithium results from its highly-prospective North Aubry prospect, located within the Company’s 100% owned flagship Seymour Lake Lithium Project in Ontario, Canada. The main priority of the current 3,000m Resource expansion drill program is to identify additional high-grade lithium mineralisation, to increase both the size and scale of the Seymour Lake project. The current drill program has completed thirteen holes thus far (drill holes ASD001 to ASD013) with all drill-holes intersecting multiple pegmatites at various depths. Assay results for the first five holes have been received by the Company, attached as Appendix 1 and are summarised in Table 1. Commenting on the on-going drilling success at North Aubry, Ardiden CEO and Executive Director, Brad Boyle stated: “These latest high-grade assay results, in conjunction with previous drilling success continue to confirm substantial mineralisation extensions of the North Aubry deposit. The consistency in the mineralised zones around the North Aubry prospect, including the identification to the North of new overlying spodumene bearing pegmatite dykes are very encouraging, and reinforces our strong belief in the potential of Ardiden’s landholdings to add significant tonnage to the already defined high-quality resource at North Aubry.” The completion of detailed mapping of the North Aubry pegmatite and surrounding area (Figure 1) in May 2018, along with the results of the Ground Penetrating Radar (GPR) survey completed earlier in the year, led to the conclusion that there was significant potential at the North Aubry prospect to discover additional pegmatites (Figure 2) and to define a significantly larger Mineral Resource. | |
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