Kasagiminnis Gold Deposit

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.

Subject to necessary approvals, Ardiden plans to recommence drilling at Kasagiminnis in winter 2019/20 to extend this resource.

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

Figure: Proximity of Ardiden’s Prospects to Historical Underground Gold Mines at Pickle Crow, Central & Golden Patricia  & Dona Lake.

Figure: Plan view of the main mineralised zone at Kasagiminnis with satellite imagery underlay.