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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 10/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-10-2018: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 27.46m @ 1.90% Li2O from 208.76m. Canadian-focused lithium explorer and developer, Ardiden Limited (“A | |
| 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 on-going success of the current Resource expansion and exploration drill program continues to provide Ardiden with a high-level of confidence towards Seymour Lake, asthe Company continues to work towardsits primary focus of substantially growing the project in both size and scale. Commenting on the high-grade lithium results from the Resource expansion drilling program at North Aubry, Ardiden CEO and Executive Director, Brad Boyle stated: “Ardiden is extremely pleased with the latest assay results from North Aubry which have identified lithium grades of up to 5.67% Li2O (ASD010). These results along with previous results from the drill program, highlight the significant potential of North Aubry to be an integral component in the definition of an upgraded Mineral Resource at Seymour Lake.” The current drill program was designed to test and evaluate the down dip continuity of the North Aubry pegmatite, and the excellent results which have been produced thus far have vindicated the Company’s decision to aggressively explore this exciting prospect. The potential to significantly increase the Seymour Lake project in size and scale continues to be enhanced with the majority of drill holes completed thus far intersecting multiple spodumene-bearing pegmatites at various depths. The impressive assay results obtained from the latest drill-holes (ASD006 – ASD0011), which included a significant number of results in excess of 3% Li2O (refer to Appendix 2), combined with previous assay results, continue to provide Ardiden with a high-level of confidence in the consistency and high-quality nature of the lithium mineralisation present at Seymour Lake. The ongoing success and delivery of high-grade lithium from the current drill program continues to reinforce the Company’s strategic approach to the Seymour Lake project. Defined by its high-quality lithium mineralisation, upside in expansion potential and exceptional metallurgical results, Ardiden continue to focus on growing Seymour Lake into a world-class, high-grade lithium project. | |
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