Ardiden (ASX:ADV) is planning further work to better understand the 600m prospective strike length and newly discovered mineralisation at the west zone of its Dorothy prospect in Ontario, Canada.
The $16.13 million market capitalisation company is planning to conduct a low-level high-resolution geophysical survey across the western hub of the area to help define the current structural and geological model.
Ardiden notes that the beginning of the survey has been delayed due to the availability of helicopters and the high number of forest fires in Canada during this summer period. The company is monitoring the situation and is expecting helicopters to become available within the coming weeks.
In addition to the geophysical survey, Ardiden is planning field mapping activities prior to snow setting in.
The Dorothy prospect is part of the company’s wider Pickle Lake Gold Project.
Commenting on the upcoming activities, Ardiden Chief Executive Officer (CEO) and Managing Director Greg Romain says: “We plan to undertake a high-resolution magnetic geophysics survey to build a more robust plan for future drill programs.
We will also use this time to undertake a comprehensive review of our drilling costs, including logistics, to reduce overall costs in order to drill more metres.”
This announcement comes after Ardiden released the final assay results from its 2023 spring drill campaign, reporting ‘higher grade’ mineralisation and an extension of the mineralised trend in the area.
Results within the broader mineralised zones include drillhole DR-23-12 with 3m @ 2.15g/t Au from 52m; drillhole DR-23-20 with 3.34m @ 3.22g/t Au from 56.6m; and drillhole DR-23-21 with 3.05m @ 2.99g/t Au from 64m.
Commenting on the drill results, Romain says: “The sheer complexity of the types of mineralisation we are encountering, the importance of the historical results, and the length of the strike we are trying to understand necessitates much deeper thought.
“The sheer complexity of the types of mineralisation we are encountering, the importance of the historical results, and the length of the strike we are trying to understand necessitates much deeper thought”
Given the early stage and the new expertise I recruited to the project, we will take the required time to better understand the historic work completed in the region, including the geology at the historic Golden Patricia Mine.”
Ardiden adds that results of the expanded drill program increased the strike length of the ‘highly prospective’ zone by 100m to the southeast, taking the total length of ‘higher grade’ mineralisation to 600m.
This added an additional 100m to the broad northwest Dorothy zone and confirmed gold mineralisation in a new area of testing at the West prospect.
The Pickle Lake Gold Project is located in the Uchi subprovince of northwestern Ontario, Canada.
Ardiden is an ASX-listed exploration company focused on discovering gold. As of 30 June 2023, the company had $9.35 million cash at hand, according to its latest quarterly report published on 20 July 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Ardiden Ltd