Phase 2 resource drilling program commencing next week at the North Aubry prospect

Perth, Mar 31, 2017 AEST (ABN Newswire) - Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) is pleased to advise that its Phase 2 resource drilling program is set to commence next week at its the majority-owned Seymour Lake Lithium Project in Ontario.

HIGHLIGHTS:

- Drill rig and geological team about to mobilise to site.

- Phase 2 of resource drilling program expected to commence early next week.

- Drilling program designed to test extensions of key mineralisation zones and western feeder zone.

Ardiden confirms that the drill rig and geological team are about to mobilise to site at Seymour Lake, with drilling expected to underway at the North Aubry prospect by early next week.

The Phase 1 drill program in late 2016 confirmed the presence of very high grade lithium mineralisation at surface and at depth at the North Aubry prospect. Although Ardiden was only able to complete two diamond drill holes, the assay results have confirmed the presence of high quality spodumene mineralisation at the Central Aubry prospect.

As previously announced, Ardiden will seek to expand the initial maiden lithium resource potential at North Aubry prospect to increase the possibility that there will be sufficient resources to be economically viable for any potential future mining operations.

The expansion of any resources will be completed in accordance with JORC (2012) guidelines and is likely to be completed in a number of stages, once the other prospects along the first 1km of the overall 5km strike length are progressively drill tested this year. These prospects include Central Aubry, South Aubry and Pye.

The Phase 1 drilling demonstrated that the North Aubry prospect appears to plunge to the north-west, which could indicate a possible deep pegmatite feeder zone coming in from the west.

The Phase 2 program has been designed to test the extensions of the lithium mineralisation zones on the western and northern aspects of the North Aubry prospect and to test the possible pegmatite feeder zone on the western edge of the prospect structures.

Further, Ardiden wants to further evaluate and drill test the idea of possible dilation along the feeder zone, which may strike south towards Central Aubry prospect and could explain some of the similarities between the two prospect areas.

If this interpretation of the geology is confirmed, there will be a strong potential to significantly expand the size of the lithium mineralisation zones and as such increase the size of any potential lithium deposit.

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
Executive Director
Ardiden Ltd
Tel: +61-8-6555-2950

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



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