Ardiden Limited (ASX: ADV) initial gold assay results from the first three holes assayed of its current 7000m Western Hub drill programme at the Pickle Lake Gold Project in Canada have identified visual gold and massive sulfide intervals.
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, Canada.
We are extremely pleased to report these high-grade gold results from the first three holes assayed of the 7,000m programme along the Western Hub,” MD and CEO, Rob Longley, said.
“We will have results from another 26 completed holes to report progressively, and at least another 3,000m of drilling to go in this programme.
“This confirms our targeting strategy along the Golden Patricia trend and supports our broader vision for what we anticipate at Pickle Lake as we better understand the controls of gold mineralisation and opportunities to make significant discoveries.
“We are also pleased to have received two additional Exploration Permits at the Pickle Lake Gold Project from the Ontario Mines Department, which now opens up a fully permitted 60km continuous strike length of highly prospective gold tenure at the Project.
“Meanwhile, our hard rock Lithium JV continues to deliver significant value, at no cost to Ardiden.”
Ardiden’s drilling is targeting the Golden Patricia geological sequence both to the north-west and to the south-east of the historical underground mine.
The mine was developed to 750m vertical depth over a 3km strike length and extracted 619,796oz Au @ 15.2g/t Au and ceased operations in 1997 due to poor gold prices.
Ardiden’s current drill programmes are testing a 20km strike length initially and will expand over time to the full 60km length of the entire Western Hub belt and test the Bear Head Fault Zone which is just to the north and parallel to the known Golden Patricia trend of gold mineralisation.
Final assay results will include a wider suite of elements and will be streaming through over the next few weeks as drilling continues.