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- Ardiden (ADV) has completed a drone survey in two areas at the South Limb prospect within the Canadian Pickle Lake Gold Project
- In the east block, a magnetic field interrupted the drone’s navigation, causing the survey to be abandoned
- The presence of a strong iron formation near a gold deposit, however, makes the area a high-priority drill target
- In the west block, the geophysical survey successfully added to the company’s understanding of the area and will help position the drilling rig
- A second rig is scheduled to arrive on-site before the Christmas shutdown, meanwhile, drilling continues at the Kasagiminnis gold deposit, where a geochemical sampling program was recently completed
- Ardiden has also expanded the district-scale project, staking out 190 square kilometres along the Dorothy-Dobie trend and around the Golden Patricia mine
- Shares have been trading 14.3 per cent higher for 2.4 cents
Ardiden (ADV) has completed a drone survey over two target areas at the South Limb prospect, ahead of the arrival of a second drill rig.
The brownfield gold prospect is part of Ardiden’s district-scale Pickle Lake Gold Project, located in northwest Ontario, Canada.
South Limb
In the west block, the geophysical survey successfully added to the company’s understanding of the structure and lithology of the area and will help position a drilling rig.
Over in the east block, a strong magnetic field interrupted the drone survey, causing it to be abandoned.
Ardiden, however, noted it’s possible for gold systems to be hosted in strongly magnetic iron formations and, as such, considers the area to be a high-priority drill target.
The second rig is scheduled to arrive on-site before the Christmas shutdown.
Kasagiminnis
Meanwhile, drilling continues at the Kasagiminnis gold deposit.
Ardiden also recently completed a geochemical sampling program at the deposit and anticipated results will come in next month.
New ground
The company has also staked out a further 190 square kilometres, adding to its district-scale project.
The new holding covers part of the Dorothy-Dobie trend and area around the Golden Patricia. The mine which was active in the 1980s and 1990s.
Shares have been trading 14.3 per cent higher for 2.4 cents at 10:19 am AEDT.
