Special Report: Ardiden is spoilt for choice at its vast, 664sqkm Pickle Lake gold project in Canada. The compilation, reprocessing and interpretation of historical data continues to unearth multiple, deposit-scale prospects for follow-up drilling.

Over decades of exploration, a large variety of geophysical methods have been applied across the Pickle Lake project – which is comparable in size to the producing 30-million-ounce Red Lake gold district, right next door.

But many of these surveys appear to have been conducted as a matter of course, Ardiden (ASX:ADV) says, “and to identify direct geophysical targets that may or may not have been valid to the local mineralisation style”.

This is elephant country, and the upside is huge. By combing over this old data Ardiden has, so far, identified 19 gold deposit and prospect areas to progress systematically.



In addition to its advanced, high grade 110,000oz Kasagiminnis gold deposit, Ardiden has now identified two significant gold deposits with historic resource estimates, four underexplored brownfields prospects next to deep historical gold mines, and 12 highly prospective greenfields (unexplored) prospects.

The two high-grade gold deposits called ‘Dorothy’ and ‘Dobie’ – less than 40km from the flagship Kasagiminnis deposit – come with a combined non-JORC estimate of 99,600oz gold at 5.7 grams per tonne (g/t) gold, less than 150m below surface.

Ardiden recently announced a conceptual exploration target at Kasagiminnis of between 500,000oz and 1.2 million ounces of gold.

More target areas will be identified as mineralisation models and analysis of ‘controls’ evolve, Ardiden says.

More results, targets and drill plans at each of its other gold prospects will be released in due course as the technical team continue its evaluation and prioritisation of exploration work programs.


This story was developed in collaboration with Ardiden, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.