Ardiden Limited (ASX: ADV) has been granted a permit by the Ontario Mines Department for exploration drilling to commence at the Esker Gold Prospect situated on the Western Hub of Ardiden’s Pickle Lake Gold Project.
The Pickle Lake Gold Project is a continuous District-Scale land tenure package of 870 sq, km (87,000 hectares) situated east of Red Lake.
MD and CEO, Rob Longley said the connected tenure contains at least 22 identified gold deposits and prospects that the company is systematically exploring.
“The process to receive approvals has been arduous and taken much longer than we had hoped due to COVID-related delays and protracted Mines Department processing,” Mr Longley said.
“Our persistence has paid off and we can now begin to evaluate the gold discovery potential of Ardiden’s massive land holding.
“While waiting for the permits, we actively used the time to continue geophysical interpretations, flying high resolution Lidar over the Project.
“This drill programme at Esker is Ardiden’s first step onto the Western Hub and will be the first drilling along these highly prospective and under-explored structures in nearly 30 years.
“We look forward to a solid year of drilling at Pickle Lake in 2022 and the associated newsflow”.
Ardiden is focused on systematic gold exploration at its Pickle Lake Gold Project in north-west Ontario, Canada. The Esker Gold Prospect is one of at least 22 identified Gold Deposits and Prospects at Pickle Lake.
Ardiden holds the largest strategic gold land position at Pickle Lake where Barrick, Newmont, Auteco and now Evolution, all have significant gold mine and exploration assets.
Evolution recently extended its footprint east from Red Lake over to Pickle Lake, by staking an extensive 754 sq. km exploration holding. Pickle Lake is situated 180km east of the 30Moz Red Lake gold-producing district and within the same Archaean Uchi Geological Subprovince of northwest Ontario.
Ardiden has aggregated a large and continuous tenure landholding to underpin a long-term exploration strategy to systematically explore for, and discover, high grade gold deposits in the region.
Following Esker drilling, Ardiden has drill programmes designed along the entire Western Hub, with Dorothy-Dobie being the next target, situated immediately to the northwest and also along strike of the Golden Patricia Mine.
For further information please visit: https://www.ardiden.com.au/