HIGHLIGHTS:
• Ardiden exercises the right pursuant to the Option Agreement signed with White Metal Resources Corporation (“White Metals”) (TSX-V: WHM) to acquire 100% of the Pickle Lake Gold Properties in Ontario, Canada.
• Decision follows encouraging assay results with significant gold mineralisation remaining open along strike and at depth from recent due diligence drill program at the Kasagiminnis Gold Property, including:
The acquisition includes four separate gold properties offering both advanced development opportunities and early stage exploration, including: o Kasagiminnis Lake Property o Dorothy-Dobie Lake Property o South Limb Property o Pickle Lake West Property
• Ardiden will acquire a conditional 100% interest in the Project with a payment of CAD$50,000 and the issue of 3M shares to White Metals
• The acquisition is consistent with Ardiden’s strategy of establishing a strong pipeline of prospective mineral projects
• Planning for the next stage of Pickle Lake exploration will be considered once all drill results received Minerals explorer Ardiden Limited (ASX: ADV) is pleased to advise that it has exercised the option to acquire 100% of the advanced Pickle Lake Gold Properties, adding an exciting gold exploration and development opportunity to the Company’s lithium portfolio in the established mining jurisdiction of Ontario, Canada.
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