ADV 0.00% 13.5¢ ardiden ltd

Some Charts n Website info.!

  1. 6,329 Posts.
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    Website info. appears dated!?

    First some chart history:

    https://hotcopper.com.au/data/attachments/6317/6317113-48b04cc49d4e7ee231de9112f208443c.jpg
    Gold looks to being well supported & had a great run the past 5 years!

    ADV - NOT SO!
    https://hotcopper.com.au/data/attachments/6317/6317116-a4e210ea6a4fc5135fab5b3bfa151517.jpg

    The website mentions the Year 2020 - will the New Team have more to say on this website info>:

    Projects

    PICKLE LAKE GOLD PROJECT

    ThePickle Lake Gold Project is 100% owned by Ardiden and consists of four majorgold deposits covering an area of 100km x 30km, offering significant upsideexploration potential and resource-growth opportunities along 120km ofprospective strike-length.

    The four advanced Gold Depositslocated within the Pickle Lake Gold Project are:

    Kasagiminnis(Kas)

    Dobie

    Dorothy

    Esker

    Ardiden has a maiden high-grade JORCResource of 790,000 tonnes @ 4.3 g/t for 110,000oz gold for the Kasagiminnis Deposit and at a premium grade of 4.3 g/t gold, the Maiden Inferred Resource marks the first step towards the Company’s objective of building a significant high-grade resource base at Pickle Lake and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 –6.6g/t Au.

    Resource definition drilling completeda 3,000m ‘Summer’ program at Kas in 2020 with the objective of building on thecurrent JORC estimate by defining additional gold mineralisation along strikeand at depth.

    Drilling at the Western Hub so far has completed 43 holes for 5,939m of fully oriented diamond core to a maximum depth of 252m, comprising:

    1. Esker Prospect – 18 holes for 2,206m
    2. Tonsil Prospect – 19 holes for 2,680m
    3. Dorothy Prospect – 3 holes for 655m
    4. Dobie Prospect – 3 holes for 398m

    Ardiden’s drilling in the Western Hubis targeting the Golden Patricia geological sequence both to the north-west andto the south-east of the historical underground mine. The mine was developed to750m vertical depth over a 3km strike length and extracted 619,796oz Au @15.2g/t Au*and ceased operations in 1997 due to poor gold prices.

    The Kasagiminnis, Esker, Dorothy,Dobie and Tonsil Gold Deposit are just a few of multiple deposit-scale targetsand advanced gold Prospects within Ardiden’s 120km of under-explored strike.

    Ardiden has also identified 23 GoldDeposit and Prospect areas that will be systematically explored with 20currently fully permitted for early stage exploration activities.


    https://hotcopper.com.au/data/attachments/6317/6317128-f2c2a8b0dc7abaace5600d8ef351c1e0.jpg

    With Gold sitting at current levels, might ADV be able to bundle up enough info. to as per May 13th release:

    "Ardiden continues to evaluate historical results and review opportunities to advance the Pickle Lake Gold
    Project while taking a prudent approach to managing capital in the current financial markets. In parallel, the
    Company continues to evaluate new opportunities that it believes will provide a pathway to capital
    appreciation for shareholders.”

    At present, ADV doesn't appear to be given any credit for potential "GOLD Reserves", how close are they to updating the 2020 info. with findings since?

    4 years down the track & ADV are close to being where it was in 2020!

    Qtrly due out soon!


 
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