Wisa Lake drill rig to be re-allocated to Central and South Aubry prospects at Seymour Lake Lithium Project

Perth, Aug 15, 2017 AEST (ABN Newswire) - Lithium and graphite explorer Ardiden Limited (ASX:ADV) advises that, due to circumstances beyond the Company's control, it has deferred the planned initial reconnaissance diamond drilling program at the Wisa Lake Lithium Project (under option) in Ontario, Canada.

HIGHLIGHTS:

- Wisa Lake drill rig and geological team to be re-assigned to commence a further resource development drilling program at Seymour Lake Lithium Project.

- New drilling program to focus on the Central and South Aubry prospects.

- Diamond drilling program at Wisa Lake deferred to later in the year.

Due a loss suffered at the Lac la Croix First Nation community, the commencement of the drill program has been delayed to allow the community to grieve. The initial drill program is likely to commence later this year, after the close of the hunting season which finishes at the end of October.

The drilling team and rig that was originally engaged for the Wisa Lake program will now be re-deployed, to commence a second resource development drilling program at the Seymour Lake Lithium Project. The addition of a second drilling crew at Seymour Lake, will allow for a focussed drill out on the Central and South Aubry prospects, which are located along strike and compliment the North Aubry prospect area, which hosts multiple high-quality lithium mineralised exposures.

The engagement of a second diamond drilling rig for the Seymour Lake Lithium Project is an exciting development for Ardiden, which will allow the Company to expedite the exploration and development programs along the Aubry strike zone.

The Company will provide further information about exploration activities at the Seymour Lake Lithium Project, once details of the new drill program have been finalised.

The Company looks forward to providing further exploration updates as they come to hand.


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 four 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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