In January 2020, Ardiden signed an earn-in agreement with Exiro Minerals Corp to acquire the New Patricia Gold Prospect. This agreement shall be completed in December 2022 with Ardiden being the 100% owner of the New Patricia Gold Prospect.
The New Patricia Gold Prospect extends over 30km of prospective geological setting directly along strike from the Golden Patricia Gold Mine produced 619,796oz Au @ 15.2g/t Au* and ceased operations in 1997 (previously operated by Barrick Gold). This adjoins Ardiden’s Dorothy-Dobie Gold Prospect and the New Patricia Gold Prospect.
Figure 1: New Patricia Gold Project
Figure 2: Ardiden’s New Patricia Gold Prospect with Esker Exploration Permit Area.
Figure 3: Fold Nose Structure at the Esker Gold Prospect displaying analogies to the Musselwhite Gold Mine.
The acquisition of the New Patricia Gold Prospect with the earn-in agreement enables Ardiden to form a contiguous belt of highly-prospective gold claims over a total width of greater than 100km to form a dominant position in the Pickle Lake Gold Camp with 1,088 km2 of prospective Archean Greenstone rocks within the Uchi sub-province.
NEW PATRICIA HISTORICAL WORK
Exiro has compiled a proprietary dataset of 212 historical drill holes spread across the property drilled by various companies during the period 1971 to 1990.
No further exploration groundwork has been undertaken on the property since 1990.
However, in identifying New Patricia as highly prospective for gold, Exiro has undertaken a geophysical and structural analysis. Exiro’s staff are working with Ardiden’s geological team to assist planning of work programmes and drilling targets.
*Information in relation to historical gold production at the Pickle Lake Gold Camp, and Golden Patricia Mine in Figures and notes above have been referenced from three sources of publication, namely: 1. Harron, G. A. 2009. Technical Report on Three Gold Exploration Properties Pickle Lake Area, Ontario, Canada. G.A. Harron, P.Eng., G.A. Harron & Associates Inc. 2. Smyk, M., Hollings, P. and Pettigrew, N., 2015. Geology and Mineral Deposits of The Pickle Lake Greenstone Belt. Institute on Lake Superior Geology, May 20-24, 2015 Field Trip Guidebook and 3. Puumala, M. A. 2009. Mineral Occurrences of the Central and Eastern Uchi Domain. Ontario Geological Survey, Open File Report 6228