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Ardiden Ltd.
Summary
| Project: | Seymour Lake | |
|---|---|---|
| Deposit: | South Aubry | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 12/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2017: Ardiden Ltd. announces an Exploration/Drilling Update report for its South Aubry deposit at the Seymour Lake project. Drilling results incl. 24.00m @ 0.82% Li2O from 2m. Ardiden Limited (ASX: ADV) is pleased to advise that recently completed p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Karen Lloyd (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | Ardiden Limited (ASX: ADV) is pleased to advise that recently completed preliminary diamond drilling program has confirmed the presence of high-grade spodumene mineralisation at or close to surface at the South Aubry prospect, part of its 100%-owned Seymour Lake Lithium Project in Ontario, Canada. The initial assay results include an impressive high-grade intercept grading 3.10% lithium oxide (Li2O), as well as numerous strong assays which continue to support the potential to define further lithium resources at Seymour Lake, with the latest results confirming the presence of multiple pegmatite zones at or close to surface. Assay results from the recently completed diamond drill holes, SA-17-05, SA-17-07, SA-17-08, SA-17-11, SA-17-15 and SA-17-16 (refer Tables 1 and 2), have confirmed the potential at the prospect, intersecting thick zones of lithium mineralisation at or close to surface. As this is a preliminary exploration drilling program, Ardiden considers these assay results to be very encouraging, representing a strong start to its broader exploration campaign aimed at growing the resources at Seymour Lake. Further exploration and drill testing is planned across the Aubry prospect areas. Ardiden believes that these drilling results are the precursor to the identification of a number of larger mineralisation zones contained within the Aubry prospects and notes that the mineralisation remains open in all directions at the South Aubry prospect. Further exploration and drilling will allow the Company to develop a better understanding of the underlying geological structures and further establish the grade and continuity of mineralisation identified within the South Aubry pegmatite units. | |
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