- A maiden mineral resource estimated has been reported for the Kasagiminnis deposit which is located within Ardiden’s Pickle Lake gold project in Canada
- Pickle Lake has a significantly high inferred resource estimate of 110,000 ounces of gold with a high grade of 4.3g/t gold
- Ardiden is planning to re-commence drilling to extend the Kasagiminnis resource along strike
Ardiden has reported a maiden mineral resource estimate for the Kasagiminnis deposit located within the Pickle Lake gold project in Ontario, Canada.
The inferred resource estimate of 110,000 ounces of gold is at a significantly high grade of 4.3g/t gold. This represents the first building block of planned gold resource upgrades as drilling re-commences and exploration activities ramp up.
Ardiden has also commenced planning for additional drilling, including negotiations with First Nations groups, aimed at extending the resource along strike and at depth at Kasagiminnis.
The Kasagiminnis deposit is located in the western part of the Pickle Lake greenstone belt and comprises of lode style mineralisation within a steep north-dipping shear zone.
Gold mineralisation is within a 10 to 13 metre wide zone of magic volcanic tuffs layered with iron formation.
Opposing historical interpretations, Ardiden’s drilling and analysis have revealed that the gold mineralisation is not constrained to within the garnet magnetite-bearing rock and appears that the primary control on mineralisation is structure rather than lithology.
The geological interpretation and resource model have been developed using historical data from drilling undertaken from the 1980s and more recent drilling from 2011 and 2018.
Kasagiminnis’ resource estimation extends along strike for 600 metres, spans a width of 10 metres and extends to a maximum depth of 280 metres below the surface.
Significant potential for mineralisation exists to the east under a shallow section of water and it is likely this extension will be drilled in January when the lake is frozen.
It is also planning geophysical surveys, evaluating drill targets and compiling historical data with the aim of also building the mineral resources at the South Limb, Dorothy-Dobie and West Pickle prospects.
“The Pickle Lake Greenstone area has been overlooked and under-loved since the 1980s, but now there is renewed interest from numerous mining and exploration companies,” Ardiden CEO Rob Longley said.
“Kasagiminnis is only a small part of our Pickle Lake gold project and following a recent site visit, I am encouraged by the prospectivity of the district terms of mineralisation, opportunity and stakeholder willingness to advance these projects.”
Historically Pickle Lake has produced over three million ounces of gold since 1935 from the four underground operations of Pickle Crow, Golden Patricia, Central Patricia and Dona Lake.
Ardiden is developing exploration programs across all its prospects to progressively build a sizeable mineral resource base.
At the same time, it will also review synergies with neighbouring companies and projects in the district.