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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | North Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 2/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-2-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its North Aubry deposit at the Seymour Lake project. Drilling results incl. 11.05m @ 2.10% Li2O (0.5% cut off). Lithium and graphite explorer Ardiden Limited (ASX: ADV) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Nielsen (Independent) | |
| ABSTRACT: | Lithium and graphite explorer Ardiden Limited (ASX: ADV) is pleased to advise that it has received final assay results from the outstanding 13 drill holes completed as part of its recently completed Phase 1 resource delineation diamond drilling program at the majority-owned Seymour Lake Lithium Project in Ontario. The resultsincluded an outstanding intercept grading 5.23% 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 zones of high-grade lithium mineralisation located either at or close to surface, with the final batch of results confirming the presence of a second, stacked and parallel, mineralised sill intersected in a number of diamond drill holes at the North Aubry prospect. Ardiden confirms that the outstanding 388 drill core assays from the Phase 1 program have now been received from Actlabs laboratory in Thunder Bay. The assay results, from drill holes SL-16-61 to SL-16-73, confirm the presence of significant lithium mineralisation at various grades in all samples, with significant assay grades of up to 5.23% Li2O (drill hole SL-16-64) identified. Following the success of the Phase 1 drill program, planning is now well underway for the implementation of the Phase 2 drill program, which is scheduled to commence at Seymour Lake after the completion of the Manitouwadge drilling program. | |
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