Ardiden Limited (ASX: ADV) has intersected significant near surface gold in 12 diamond drill holes in its recent Western Hub drill programme at its Pickle Lake Gold Project, in Ontario, Canada.
Ardiden’s district-scale 1,088 sq. km gold landholding is located east of Red Lake in the well-endowed Uchi Geological sub-province of north-western Ontario.
It’s really encouraging to see the assay results and geological structures start to align with our predictive modelling,” MD and CEO, Rob Longley, said.
“Now that we are seeing a pattern unfolding and we begin to understand the geology and mineralisation drivers, we grow more confident about the future at Pickle Lake.
“We have also worked hard to gain further exploration work permits across the 100km wide project and will report on these and our 100% ownership, as they are realised.
“The results thus far support the excitement our exploration team has in this vastly underexplored, yet highly prospective terrane. We will continue to interpret the results and assess the geology and structures as we plan our next drilling phase.
“While timing to get results from drill bit to market has been disappointing we are pursuing several options to accelerate assay delivery in a very competitive laboratory market in Thunder Bay.”
Results from recent drilling at the Western Hub are adjacent to the following historical drill results, located within the same area, including:
- Dorothy Prospect
- 20.65m @ 3.6 g/t Au from 96.85m (DOR88-025)
- 8.63m @ 5.5 g/t Au from 55.82m (DOR88-028)
- 0.50m @ 472.8 g/t Au from 184.10m (DOR90-043)
- 7.12m @ 3.6 g/t Au from 113.06m (DOR88-032)
- Tonsil Prospect
- 0.44m @ 153.5 g/t Au from 111.40m (DOR07-005)
- Esker Prospect
- 5.35m @ 3.1 g/t Au from 80.65m (ME86-006)
- 12.03m @ 3.2 g/t Au from 29.90m (ME88-008)
- Dobie Prospect
- 4.00m @ 5.3 g/t Au from 108.00m (DOB09-010)
- 3.20m @ 8.8 g/t Au from 130.00m (MD88-049)
- 12.40m @ 2.4 g/t Au from 67.00m (DOB09-014)
A total of 5,939m of diamond drilling has been completed at four brownfield gold prospects at Pickle Lake along a 20km strike length of gold mineralisation, either side of the historic Golden Patricia Gold mine.
Results from an additional 12 holes have been received and are reported within this release from the Dorothy, Tonsil and Esker Prospects. Results have not yet been received for recent drilling at Dobie.
Results from an additional 28 holes in total along the Western Hub, are still to be received. Significantly, at least two additional iron formation units have been identified parallel to the main Golden Patricia unit, providing large step out targets from the main iron unit that hosted the 619,796oz @ 15.2g/t Au production output from the historic Golden Patricia Mine.
