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Ardiden Ltd.
Summary
| Project: | Manitouwadge | |
|---|---|---|
| Deposit: | Silver Star North | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its Silver Star North deposit at the Manitouwadge project. Drilling results incl. 65.4m @ 1.73% TGC from 78.6m. Diversified minerals explorer and developer, Ardiden Limited (ASX: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Nielsen (Not stated) | |
| ABSTRACT: | Diversified minerals explorer and developer, Ardiden Limited (ASX: ADV) is pleased to advise that it has received the final assay results from the last 16 drill holes from the completed diamond drilling program at the Silver Star North prospect, which covers a small portion of its 100%-owned Manitouwadge Graphite Project in Ontario, Canada. The results included several thick zones of constant graphite mineralisation, as well as several narrower higher grade zones within the overall mineralised envelope including a best intercept of 10.8% TGC (in drill- hole MW-16- 19). The results, from drill holes MW-16-15, MW-16-17, MW-16-19 – MW-16-21, MW-16-23 - MW-16-26, MW-16-28 - MW-16-30, have confirmed the presence of consistent graphite mineralisation throughout the Silver Star North prospect, with average graphite grades from the various mineralised zones ranging from 1.36% to 3.82% TGC. 81% of this batch of assays (192 of 238 drill core samples) returned results greater than the 0.5% TGC cut-off with an average grade of 2.1% TGC, while 63% (149 of 238 drill core samples) returned results greater than 1.0% TGC with an average grade 2.5% TGC. 46% (109 of 238 drill core samples) returned results greater than 1.5% TGC with an average grade of 3.0% TGC. Ardiden notes that assay results are for the 12 drill holes are reported in this announcement including MW-16-15, MW-16-17, MW-16-19 – MW-16-21, MW-16-23 – MW-16-26 and MW-16-28 – MW-16-30. The assay results from the remaining four holes (MW-16-16, MW-16-18, MW-16-22 and MW-16-27) assayed below the average cut-off grade of 1.0% TGC and have not been reported in this announcement. | |
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