The Pickle Lake Gold Project is 100% owned by Ardiden and consists of three major gold deposit covering an area of 90km x 25km, offering significant upside exploration potential and resource-growth opportunities along 120km of prospective strike-length.
The three advanced Gold Deposits located within the Pickle Lake Gold Project are:
⬢ Kasagiminnis (Kas)
Ardiden has a maiden high-grade JORC Resource of 790,000 tonnes @ 4.3 g/t for 110,000oz gold for the Kasagiminnis Deposit and at a premium grade of 4.3 g/t gold, the Maiden Inferred Resource marks the first step towards the Company’s objective of building a significant high-grade resource base at Pickle Lake and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au.
Resource definition drilling completed a 3,000m ‘Summer’ program at Kas with the objective of building on the current JORC estimate by defining additional gold mineralisation along strike and at depth. A ‘Winter’ program is being planned for late January/February 2021.
Kasagiminnis Gold Deposit is just one of multiple deposit-scale targets and advanced gold Prospects within Ardiden’s 120km of under-explored strike.
Ardiden has also identified 19 Gold Deposit and Prospect areas that will be systematically explored.
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.
Map showing Ardiden’s continuous landholding (in orange) across its Pickle Lake Gold Project