ADV 8.33% 13.0¢ ardiden ltd

Ann: Ardiden Exercises Option to Acquire Pickle Lake Gold Project, page-8

  1. 2,140 Posts.
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    Could be a bargain at this price! only time will tell.
    lots of work has been done, could if become a cash cow?
    DYOR
    FH

    Excerpt ----
    ---- The project has numerous substantial gold mineralised zones identified across multiple locations, with over 25,000m of historical diamond drilling completed. For further information refer to ASX announcement dated 1 August 2017.
    Ardiden’s recent due diligence drill program at the Kasagiminnis Gold Property was designed to verify historic drilling and sample results, obtain a better understanding of the gold mineralisation and confirm the property’s potential.
    Commenting on the acquisition and results, Ardiden Managing Director Brad Boyle stated that the Company considers the Pickle Lake Project to be a low-cost opportunity to access highly prospective gold claims that offer advanced exploration targets as well as early-stage opportunities.

    “The recent drilling results obtained from the Kasagiminnis Lake Property are very encouraging and have reinforced our belief that there is significant potential within the existing Kasagiminnis Gold Zone which is open in all directions. Additionally, many other areas across the four properties remain underexplored. With the acquisition of the Pickle Lake Properties, the Board of Ardiden is considering options as to how the value of the project can be best maximised for shareholders.”
 
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