Rooster Talk Episode 31: A Margaret River Series
August 2020
Gold in Canada
Canadian geology is one of the most endowed places in the world. It is the "harsh" environment that is making discoveries fewer.
I like the North American geology and the potential of finding those double-digit million-ounce deposits which are common in that part of the world.
This Rooster Talk with Rob Longley, the Managing Director of Ardiden Limited (ASX: ADV) is about the progress of the company's Pickel Lake Gold Deposit.
When discoveries happen, they seem to be big and sustained. What Ardiden has is one of the many "belts" that require systematic drilling and lots of patience.
Rob explains the challenges and the potential of being patient and allowing the capital to be deployed to uncover what may become a great gold deposit.
About Ardiden Limited
Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building a compelling gold resource at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada.
The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit.
Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project.
During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration techniques to unlock value at its highly prospective numerous prospects, identified in June 2020 through the interpretation of various geological and geophysical data sets. The initial exploration of these targets has been very encouraging.
Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects.
Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects.
PODCAST
About Rob Longley
Managing Director and Chief Executive Officer
Geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. His experience includes Managing Director of Helios Gold Limited and before that was General Manager Geology for Sundance Resources in Africa from 2007 to 2015.
Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations and delivering progressive results and Mineral Resources to bring shareholder value and underpin the development of mineral projects.
Rob is well-respected in the industry for his professional integrity, his resource growth achievements and commercial leadership.
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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