First six diamond drill holes completed with strong zones of visual mineralisation encountered

Perth, Jan 23, 2017 AEST (ABN Newswire) - Lithium and graphite explorer Ardiden Limited (ASX:ADV) is pleased to advise that its maiden resource delineation diamond drilling program re-commenced shortly after the new year at its 100%-owned Manitouwadge Graphite Project in Ontario, with the initial holes intersecting a number of visible high quality graphitic mineralisation zones.

HIGHLIGHTS:

- Drilling resumes at Manitouwadge Graphite Project, Canada following Christmas/New Year break

- Several graphite mineralisation zones intersected in first six holes

- Graphitic zones up to 50m thick identified

Ardiden confirms that, despite the poor weather conditions, the Company's geological and drilling teams have made good progress with the drilling program since its re-commencement earlier this month.

Initial visual inspections of the diamond drill core by Ardiden's geological team have identified a number of thick graphitic mineralisation zones of up to 50 metres thick (MW-16-01).

Ardiden will provide a more detailed update to the market shortly, once the QAQC review, logging and reconciliation has been completed on each of the drill holes.

Once the drill core has been logged, cut and prepared, the drill samples will be sent to Activation Laboratories in Thunder Bay for assay and metallurgical testing.

As previously advised, the diamond drilling program is designed to target the immediate project area around the Silver Star North prospect, which had previously intersected a number of high grade graphite mineralisation zones in 2015.

The first phase of the diamond drilling program will be undertaken to confirm the grade and continuity of these graphite zones and to estimate a Mineral Resource, which is targeted for completion in Q2 2017.

Ardiden looks forward to providing further updates as they come to hand.

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About Ardiden Ltd

Ardiden LtdArdiden Limited (ASX:ADV) is an emerging international strategic metals company which is focused on the exploration, evaluation and development of two 100 per cent owned projects located in the established mining jurisdiction of Ontario, Canada.

 


Contact

Investors:
Brad Boyle
Ardiden Ltd
Tel: +61-8-6555-2950

Media:
Nicholas Read
Read Corporate
Mobile: +61-419-929-046



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