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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 6/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 6.77m @ 2.5% Li2O from 3m. Diversified minerals explorer and developer Ardiden Limited (ASX: ADV) is ple | |
| 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 encouraging assay results from the next two diamond drill holes completed as part of the ongoing Phase 2 resource delineation diamond drilling program at its majority-owned Seymour Lake Lithium Project in Ontario. The results include an outstanding intercept grading 4.5% 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 a thick zone of high-grade lithium mineralisation located either at or close to surface and the presence of secondary, stacked and parallel, mineralised zones at the North Aubry prospect. Ardiden confirms that the next batch of drill core assays from the Phase 2 drill program have now been received from Actlabs laboratory in Thunder Bay. The results, from drill holes SL-17-05 and SL-17-06, continue to confirm the presence of significant lithium mineralisation at various grades in all samples, with significant assay grades of up to 4.5% Li2O (drill-hole SL-17-06) identified. The overall average grade from all 19 drill core samples was an impressive 1.8% Li2O. Ardiden notes that, although this is a small batch of drill core samples, 79% of this batch of assays (15 of the 19 drill core samples) returned results greater than the 0.5% Li2O cut-off with an average grade of 2.2% Li2O, while 74% (14 of 19 drill core samples) returned results greater than 1.0% Li2O with an average grade 2.3% Li2O. 47% (9 of 19 drill core samples) returned results greater than 1.5% Li2O with an average grade of 2.9% Li2O. | |
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