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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 10/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-10-2017: Ardiden Ltd. announces a Resource Estimation report for its North Aubry deposit at the Seymour Lake project. Amended announcement corrects contained tonnes of Lithium at Seymour Lake. Diversified minerals explorer and developer Ardiden Limited | |
| Resources: | (Resource, I+I): 1.23Mt @ 1.43% Li2O for 8.2kt Li contained at project | |
| CP/QP: | [Resources]: James Ridley (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) wishes to advise that there was an error contained in the announcement made earlier today entitled ‘Maiden JORC Resource Completed for Seymour Lake Lithium Project, Canada’. The error relates to the refence of 8.2 contained Tonnes of Lithium. The correct number is 8.2Kt of Contained Lithium. The announcement has been amended and follows this announcement. Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) is pleased to announce a maiden JORC 2012 Mineral Resource estimate for the North Aubry lithium deposit, part of its 100%-owned Seymour Lake Lithium Project in Ontario, Canada. The total Mineral Resource estimate comprises 1.23 million tonnes (Mt) at an average grade of 1.43% Lithium Oxide (Li2O) classified as Inferred and Indicated Mineral Resources in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Ardiden CEO and Executive Director Brad Boyle said: “This a great result for the Company, which sets a strong foundation for the fast-track development strategy we are pursuing in conjunction with our Chinese strategic partner Yantai. This marks the first stage of that strategy, and will allow us to meet one of the key conditions precedent under the development MOU signed with Yantai earlier this year.” “It is important to note that the maiden resource covers only a relatively limited strike length of the broader mineralised strike zone at Seymour Lake. It is evident from the drilling data received to date, that the recent drilling has confirmed the geological continuity at North Aubry and, together with the consistency of the lithium grades provide us with an outstanding opportunity to rapidly expand the initial resource.” | |
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