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Ardiden Ltd.

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Summary

Project:

Seymour Lake

Deposit:Seymour Lake
Location:Canada
Commodities:Lithium
Date:12/20/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:20-12-2016: Ardiden Ltd. announces an Exploration/Drilling Update report for its Seymour Lake deposit at the Seymour Lake project. Drilling results incl. 23.5m @ 1.23% Li2O from 3.0m. Lithium and graphite explorer Ardiden Limited (ASX: ADV) is pleased to
Resources:x
CP/QP:[Overall Report]: Paul Nielsen (Not stated)
ABSTRACT:Lithium and graphite explorer Ardiden Limited (ASX: ADV) is pleased to report further strong assay results from the recently completed maiden resource delineation diamond drilling program at its majority owned Seymour Lake Lithium Project in Ontario, including a spectacular intercept grading 6.01% lithium oxide (Li2O) – the best drilling result seen from the project to date. The latest batch of assay results follow the recent announcement by Ardiden for the first eight drill holes in the 27- hole diamond drilling program (see ASX Announcement – 12 December 2016). The current assay results relate to the six holes, with assays still pending for 13 holes. The latest results have continued to verify the presence of multiple zones of high-grade lithium mineralisation located either at or close to surface at the North Aubry prospect. Ardiden confirms that an additional 71 samples of the total 457 drill core samples from the program have now been received from Actlabs laboratory in Thunder Bay. The results, from drill holes SL-16-55 and SL-16-60, have confirmed the presence of significant lithium mineralisation at various grades in all 71 samples, with significant assay grades of up to 6.01% Li2O (drill hole SL-16-58) identified.

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