The Brownfields South Limb Gold Prospect is 100% owned by Ardiden and has no earn-in liabilities. At least 26 local drill targets have been identified along 9km of prospective strike length. The east and west block, defined by a UAV magnetic survey, contain the highest priority areas.
Concurrent with ongoing drilling at its Kasagiminnis Gold Deposit, and in line with plans to progressively advance exploration across the entire Pickle Lake ‘Gold Pipeline’ (refer ASX announcement 16 June 2020), Ardiden is preparing to drill test high priority gold targets at South Limb in January 2021.
South Limb is situated 17km north-east of Kasagiminnis and approximately 10km south of First Mining Gold’s (TSX-V: FF) Pickle Crow Gold Mine.
South Limb also directly adjoins Newmont’s Dona Lake Gold Mine,. The Dona Lake underground Gold Mine produced 246,500oz of gold at 6.6g/t Au* to a depth of 450m until its closure in 1993 as a result of a weak gold price. Ardiden owns 8km of favourable geological formation directly along strike from the Dona Lake Gold Mine.
Figure 1: Ardiden’s South Limb Prospect.
Figure 2: Planned drilling to the South of Dona Lake Mine.
Figure 3: Planned drilling over the Western region.