Kasagiminnis Gold Deposit

Kasagiminnis (Kas) is one of the multiple deposit-scale targets and advanced gold projects within the total landholding of 664km2 at Pickle Lake Gold Project, covering 120km of under-explored strike.

 In September 2019, Ardiden announced a maiden high-grade JORC Inferred Mineral Resource for the Kasagiminnis Deposit of 790,000 tonnes @ 4.3 g/t for 110,000 oz gold.

The Kasagiminnis Resource is within a limited strike length (600m) of the entire (>20km) of prospective strike length of the Pickle Lake Gold Project, suggesting significant potential exploration upside. At a premium grade of 4.3 g/t gold, the Maiden Resource Estimate marks the first step towards the Company’s objective of building a significant high-grade resource base at Pickle Lake.

Ardiden plans to recommence drilling at Kasagiminnis in July 2020 to extend this resource which consists of 3,000m of diamond drilling focusing on the western extension of the current JORC 2012 resource area.

The existing JORC Resource was announced by Ardiden following its 2018 drilling at Kas undertaken over a limited strike of the mineralisation. The forthcoming drilling would continue from the Company’s 2018 drilling program, which returned substantial mineralised drill intercepts at Kasagiminnis, including:

  • 26.20m @ 3.19g/t Au from 89.3m in KAS18-10
  • 21.0m @ 3.97g/t Au from 67.0m in KAS18-04
  • 15.40m @ 3.21g/t Au from 65.6m in KAS18-08
  • 4.70m @ 4.10g/t Au from 66.5m in KAS18-01

Moreover, the planned drilling would target untested areas along strike and adjacent to south of the main Kas Resource containing high-grade gold values, including a historical high-quality intercept of 4.24m @ 21.0g/t Au from 92.14m in drill hole KAS-87-06.

The existing JORC resource was estimated over just an east-west strike length of 600m and to a maximum depth of 280m below surface. However, the planned drill program would test along strike and to a maximum depth of 500m.

Figure: Ardiden’s 100%-owned Pickle Lake Gold Project showing location of the Kasagiminnis Deposit.