Ardiden Limited’s (ASX: ADV) first exploration drilling results from its fully funded 2023 drill campaign at the Dorothy Prospect its 100%-owned Pickle Lake Gold Project in Canada has confirmed broad, low to medium grade mineralisation.
The District-Scale Pickle Lake Gold Project consists of 1,088 sq. km of highly prospective and connective landholdings in the well- endowed Uchi Geological sub-province, located east of Red Lake in Northwestern Ontario.
The current drill programme is designed to test the large mineralisation halo and the semi-massive to massive sulphide sequence identified in Ardiden’s 2022 drilling programme at both the Dorothy and Dobie prospects.
Specifically, DR-22-01, which reported 5.0m @ 4.69 g/t from 57.00m, including a broader envelope of 31.85m @ 1.57 g/t and DB-22-01 which intercepted 8.05m @ 4.05 g/t Au, including a broader envelope of 26.51m @ 2.07 g/t.
Dorothy became the focus of the current programme due to the width of the drilled anomalous zones, and the large number of cross-cutting structures interpreted as potential fluid feeders from the primary structure into these broad secondary and tertiary structures, which run parallel to and through the project tenements.
I am extremely pleased with the first set of results announced from the Dorothy Prospect. This confirms our thesis by demonstrating broad gold mineralisation and is one of the main reasons I joined the company,” MD and CEO, Greg Romain, said.
“I believe this to be an exciting opportunity for Ardiden, given its large land position in the shadow of historical mines and the Company being well-funded to undertake the necessary work to further unlock the potential at its Pickle Lake Gold Project.”
Mr Romain said the assay results for the first eight holes have confirmed that the mineralisation is consistent with the geological model with results revealing that the tertiary structure does produce wide anomalous mineralised zones.
The current programme has been extended beyond the original plan of 3,250m to cover a greater strike length and ensure continuity of the highly prospective areas within the tertiary structure. Drilling will continue until the end of May and is estimated to complete a total of up to 5,000m.
