Ardiden Fundamentals

Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on progressively building gold resources at its 100%-owned Pickle Lake Gold Project in Ontario, Canada. Ardiden announced a maiden Inferred 110,000oz high grade gold resource (790kt @ 4.3g/t Au) for the Kasagiminnis gold Deposit in September 2019. The Kasagiminnis Deposit represents only a small section (600m) of a potential 20km strike length at the Pickle Lake Gold Project.

During 2019/20, Ardiden aims to build on this resource at Kasagiminnis with further drilling as well as exploration activities at the West Pickle, South Limb and Dorothy-Dobie prospects planned.

Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects.

The Pickle Lake Gold Camp has other mineral exploration companies active such as First Mining Gold Corp (TSX: FF), Metals Creek Resources (TSX-V: MEK) and Tri-Origin Exploration (TSX-V: TOE).

Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects.

Projects Highlights

  • ONTARIO – tier-one mining jurisdiction

    Ontario, Canada

    Ontario produced 2.5 million ounces of gold in 2018, nearly half of Canada’s annual gold production (6Moz). The Ontario Mining Association listed nearly 20 producing gold mines in 2019.

  • PICKLE LAKE GOLD PROJECT

    Kasagiminnis

    The Pickle Lake Gold Project is 100% owned by Ardiden and consists of four major gold properties covering an area of 90km x 25km, offering significant upside exploration potential.

  • SEYMOUR LAKE LITHIUM PROJECT

    Ontario

    In March 2019, Ardiden announced a Mineral Resource Estimate of 4.80Mt @ 1.25% Li2O and 186ppm Ta2O5, representing a 400% increase on the maiden resource estimate of 1.23Mt @ 1.43% Li2O (October 2017).

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