Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on the discovery and building of a significant high-grade gold resource at its Pickle Lake Gold Project, located in north-west Ontario, one of Canada’s most prolific gold mining districts.
The District-Scale Pickle Lake Gold Project consists of 1,088 km2 of highly prospective and connected landholdings with three existing gold deposits (Kasagiminnis, Dorothy and Dobie) and 23 other identified brownfields and greenfields gold prospects. Ardiden has predominately 100% ownership of the Pickle Lake Gold Project with one earn-in at the New Patricia Property, which will also be 100% Ardiden at the end of 2022.
Ontario is the largest producer in Canada of gold, producing over 2.59 million ounces of gold in 2020, nearly half of Canada’s annual gold production (6.4Moz). The Ontario Mining Association listed 37 producing gold mines in 2022, making it Canada’s largest gold producing Province. Ontario could increase its dominance if several more promising gold projects reach production.