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Ardiden Ltd.
Summary
| Project: | Root Lake | |
|---|---|---|
| Deposit: | Root Lake | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 6/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2016: Ardiden Ltd. announces an Exploration/Drilling Update report for its Root Lake deposit at the Root Lake project. Drilling results incl. 70m @ 1.7% Li2O from 4m. Ardiden Limited (ASX: ADV) is pleased to advise that it has received highly encoura | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Nielsen (Not stated) | |
| ABSTRACT: | Ardiden Limited (ASX: ADV) is pleased to advise that it has received highly encouraging initial assay results from the recently completed due diligence diamond drilling program at the Root Lake Lithium Project in Ontario, Canada (under option). As announced on 25 May 2016, the recently completed due diligence drilling program has confirmed the high potential of the Root Lake Project to host a quality lithium deposit. Although limited drilling was undertaken on the project, the newly received assay results have further increased the Company’s confidence in the historical drill data and the overall prospectivity of the Root Lake Project. The assay results included several thick intercepts of spodumene-lithium mineralisation with all 151 drill core samples from the program returning various grades of lithium, including an exceptional grade of 3.8% lithium oxide (Li2O). Logging and sampling of all eight diamond drill holes confirmed the strong presence of spodumene. In addition, the assay results have confirmed the original visual logging of the drill core, with 60% of all 151 drill core samples returning assay results greater than 1.0% Li2O (averaging 1.8% Li2O) and 38% of samples returning lithium grades above 1.5% Li2O (averaging 2.2% Li2O). | |
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