Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building a compelling gold resources at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada.
The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit.
Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project.
During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration technique to unlock value at its highly prospective numerous prospects, identified in June 2020 through interpretation of various geological and geophysical data sets. Initial exploration of these targets has been very encouraging.
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.
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.