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.
18/02/2020Pause in Trading