Ardiden Limited (ASX: ADV) continues to systematically advance its 1,088 sq. km Pickle Lake Gold Project on several fronts.
The company has received Mines Department Permits for its Dorothy-Dobie prospect; has a new drill turning at Esker; increased the gold Project’s size; and continued excellent First Nation (FN) relationships.
Ardiden’s strategic gold landholding is in the well-endowed Uchi Geological sub-province in North-western Ontario, Canada.
“We are extremely pleased to report the receipt of the new drill permit at Dorothy-Dobie, which is a reflection of Ardiden’s professionalism and good standing in the region,” Managing Director and CEO Rob Longley, said.
“We are also pleased to share that a new drill rig has arrived at Esker. The new drill contractor is staffed for both day and night-time drilling. Additionally, we have expanded the land ownership of our strategic gold package, which is highly prospective for Tier-1 Discoveries.
“Our goal during the remainder of 2022 is to unearth the discovery potential at Pickle Lake as we attack the targets with the drill bit. The 7,000m of drilling on the Western Hub at Esker and Dorothy-Dobie is underway.
“Our drill rigs then have the option to return to permitted Eastern Hub areas at Kasagiminnis and South Limb to round out the fully funded 2022 drill program.
“Great Bear tangibly demonstrated World Class discovery success nearby at Red Lake, culminating in a C$1.6B acquisition deal with Kinross prior to a JORC Resource even being announced.
“With a neighbour who experienced this level of success, we believe we are well placed for an exciting future ahead for ADV shareholders.
“Meanwhile, our Lithium JV continues to deliver significant value, at no cost to Ardiden.”
Permitting
Ardiden has received a three-year exploration permit from the Ontario Mines Department (MDMNRF) to work on the Dorothy-Dobie area which surrounds Barrick’s Golden Patricia Mine.
The Dorothy-Dobie Work Permit adjoins Ardiden’s existing Permit at Esker, where drilling is already underway.
Ardiden has successfully applied for and received four Exploration Permits to date across its +100km-wide gold project and has two additional permits currently in application. This will ultimately provide full access and flexibility to exploration campaigns along the Western Hub’s highly prospective +50km Bear Head Fault Zone (BHFZ).
Increase in Pickle Lake Gold Project Size
With Barrick, Newmont and Evolution all significant landholders in the Pickle Lake and Red Lake area, Ardiden has staked additional claims to increase its Pickle Lake Gold Project’s size by 25% to a commanding 1,088 sq. km (108,800 hectares).
The additional ground expands Ardiden’s strategic landholding in the Uchi gold belt by adding greenfield discovery potential to the existing 22 gold Prospects and Deposits defined across the package.