- Ardiden (ADV) completes an airborne geophysical survey at its Pickle Lake Gold Project in Canada
- The survey identifies more gold targets at the Western Hub portion of the project to assist with future drilling
- One of the planned drilling areas is the Esker prospect which is within the Western Hub and discussions are ongoing with First Nation stakeholders
- Meanwhile Ardiden cuts short its winter drilling program at the Kasagiminnis gold deposit due to the rapidly warming weather
- Ardiden’s shares are trading steady at one cent
Ardiden (ADV) has identified more gold targets along the 50-kilometre strike that makes up the Western Hub, which is part of the Pickle Lake Gold Project in Canada.
The Pickle Lake Gold Project covers an 870-square kilometre tenure package east of Red Lake in northwest Ontario. The company has identified 22 gold deposits in the area and is systematically exploring the potential for more targets.
To do so, Ardiden engaged Southern Geoscience and a renowned geologist to conduct an airborne geophysical survey to evaluate the Western Hub which is one of three geographical hubs at the project. This survey will underpin future drilling programs and other exploration work along the 50-kilometre strike.
The company is currently planning field work at the Esker gold prospect which lies within the Western Hub.
Historical drilling at Esker returned significant widths of gold intersections including 5.35 metres at 3.1g/t gold including 24g/t gold; and 12.03 metres at 3.2g/t gold including 13.5g/t gold.
“Esker will be Ardiden’s first step onto the Western Hub. This highly prospective structure exhibits similarities to the geological setting at Great Bear Resources’ Dixie/LP Fault, which is located to our west at Red Lake,” Managing Director and CEO Rob Longley said.
He added that Ardiden was advancing negotiations with First Nation stakeholders before the drilling would begin.
The company also reported its winter drilling program at the Kasagiminnis gold deposit was cut short due to warming weather. As a result, the strike extension to the east remained untested and would be followed up next winter.
Ardiden’s shares were trading steady at one cent at 10:29 am AEST.