The Pickle Lake Gold Project is 100% owned by Ardiden and consists of four major gold properties covering an area of 90km x 25km, offering significant upside exploration potential and resource-growth opportunities along more than 20km of prospective strike-length.
The four deposits located within the Pickle Lake Gold Project are:
In September 2019, Ardiden announced a maiden high-grade JORC Resource for the Kasagiminnis Deposit of 790,000 tonnes @ 4.3 g/t for 110,000oz gold.
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. Other exploration activities planned for Pickle Lake include:
Ardiden acquired 100% ownership of the project in July 2019 by exercising its Option to acquire Murchison Minerals Limited’s (TSX-V: MUR, ‘Murchison’) remaining 51% JV interest in the highly prospective project. Ardiden believes Pickle Lake offers the best opportunity to provide near-term shareholder value and to leverage strong investor appetite for gold within the internationally recognised Uchi Geological Sub-Province, which also hosts the extensive Red Lake Gold Camp. Red Lake has produced more than 27 million ounces of gold.
Historically, the Pickle Lake region has produced more than 3Moz gold since 1935 from four underground operations; Pickle Crow, Dona Lake, Central Patricia and Golden Patricia.
‘Pickle Lake’ itself is a small town located on the eastern shore of the Lake with a population of about 500. It has year-round road access and was founded as a transportation centre for mining activities after gold was discovered in the area in 1928.