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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | Seymour Lake | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 3/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2019: Ardiden Ltd. announces a Resource Estimation report for its Seymour Lake deposit at the Seymour Lake project. Updated mineral resource estimate at the project. Canadian-focused explorer and developer, Ardiden Limited (“Ardiden” or “the Company”) | |
| Resources: | (Resource, I+I): 4.80Mt @ 1.235% Li2O, 186ppm Ta2O5 | |
| CP/QP: | [Resources]: Philip Jones (Independent) | |
| ABSTRACT: | Canadian-focused explorer and developer, Ardiden Limited (“Ardiden” or “the Company”) (ASX:ADV), is pleased to announce the completion of phase one of its growth plan at the Seymour Lake Lithium Project, with a 400% increase in the project’s defined Mineral Resource. Significant growth in Seymour Lake’s Mineral Resource has been achieved through meticulous exploration planning and execution, resulting in an upgraded Mineral Resource at North Aubry, and the definition of a Mineral Resource at South Aubry. Commenting on the significant upgrade and execution of phase one at Seymour Lake, Executive DirectorTechnical, Peter Spitalny, said “the significant increase in Seymour Lake’s defined Mineral Resources is an important step for Ardiden. We are delighted with the big increase in the North Aubry Resource and definition of a maiden Mineral Resource at South Aubry. Furthermore, the presence of robust exploration targets at Seymour Lake provides the Company with a platform to define additional Mineral Resources. We have accomplished what we set out to achieve from Phase one of the project, significantly growing the size of the project. On the back of completion of phase one, Ardiden will now evaluate the best path forward for future development and growth at Seymour Lake. | |
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