Proactive Investors - Run By Investors For Investors

Ardiden confirms thick lithium intercepts from drilling program in Canada

The drilling continues to provide a greater level of confidence in the continuity of the mineralisation.
map of Canada
The overall scale of the project is steadily increasing

Ardiden Ltd’s (ASX:ADV) drilling has confirmed the presence of high-grade, near-surface spodumene mineralisation at the South Aubry prospect within the Seymour Lake Lithium Project in Ontario, Canada.

The initial assays include a high-grade intercept grading 3.10% lithium, as well as numerous strong assays which continue to support the potential to define further lithium resources at Seymour Lake.

The highlight intercepts from South Aubry include:

- 24 metres at 0.82% lithium from 2 metres including 2 metres at 2.42% lithium;

- 21 metres at 0.50% lithium from 11 metres including 3 metres at 0.95% lithium; and

- 15.50 metres at 0.60% lithium from 1.5 metres including 3.50 metres at 1.30% lithium.

Strong start to a broader exploration campaign at Seymour Lake

Ardiden’s drilling results confirm the presence of multiple pegmatite zones located either at or close to surface at South Aubry, with the mineralisation remaining open to the north, east, west and down-dip.

These drilling results are expected to be the precursor to the identification of a number of larger mineralised zones.

Further exploration and drilling will allow Ardiden to develop a better understanding of the underlying geological structures and further establish the grade and continuity of the mineralisation identified.

Significant exploration upside

Only about 5% of the regional 5 kilometre strike length of modelled pegmatites have been drill-tested, and the true potential of the project is yet to be fully evaluated.

Circa 40 new pegmatite exposures have been identified, with several of these exposures hosting visible spodumene.

The drilling continues to provide a greater level of confidence in the continuity of the mineralisation, while also steadily increasing the overall scale of the project.

READ: Ardiden’s shares surge after high-grade lithium hits in Canada

View full ADV profile View Profile

Ardiden Ltd Timeline

October 02 2017
August 01 2017

Related Articles

February 22 2019
A reinvigorated African Battery Metals is about to embark on the next phase of its story
February 22 2019
The rate of progress on the Bougouni project has been very encouraging
Lithium brine evaporation ponds at Rincon project
April 09 2019
The company’s lithium hydroxide exceeded battery-grade standard in lab tests and may provide a complementary production strategy.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use