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- Ardiden (ADV) has begun its winter drilling program at the Pickle Lake Gold Project in Ontario, Canada
- The company will focus on the South Limb Gold Prospect to test extensions of the iron formation that hosts mineralisation at the Dona Lake Gold Mine
- Between 1987 and 1993, the Dona Lake Gold Mine produced more than 246,000 ounces of gold at 6.5g/t
- Once drilling wraps up at South Limb, work will focus on Ardiden’s Kasagiminnis Deposit, which has had no historical mining
- Drilling will target the current JORC 2012 resource and it marks the first step towards Ardiden’s objective of building a significant high-grade resource base at the project
- Ardiden is steady on the market and shares are trading at 2.5 cents
Ardiden (ADV) has begun its winter drilling program at the Pickle Lake Gold Project in Ontario, Canada.
The company will be undertaking drilling at the South Limb Gold Prospect to test extensions of the iron formation that hosts mineralisation at the Dona Lake Gold Mine.
Between 1987 and 1993, the Dona Lake Gold Mine produced more than 246,500 ounces of gold at 6.5g/t.
At least 26 targets have been identified at South Limb across a nine-kilometre strike length.
Once drilling wraps up at South Limb, work will focus on Ardiden’s Kasagiminnis Deposit which has had no historical mining.
Drilling will be targeting the current JORC 2012 resource and it marks the first step towards Ardiden’s objective of building a significant high-grade resource base at Pickle Lake.
“Our Ontario-based geology team and major drilling have been working diligently to move the program forward while rigorously complying with the Ontario Government’s COVID-19 procedures and guidelines to ensure the safety of our team, contractors and stakeholders,” CEO and Managing Director Rob Longley commented.
“South Limb, which sits alongside the Dona Creek Gold Mine, is the second gold prospect to be drilled at our Pickle Lake Gold Project,” he said.
“We have budgeted and planned at least 5000 metres of winter drilling which will be split between our fully permitted South Limb Prospect and Kasagiminnis Gold Deposit,” he added.
Ardiden is steady on the market and shares are trading at 2.5 cents at 12:43 pm AEDT.
