Ann: Exploration Update - Pickle Lake Gold Project, page-3

EXPLORATION UPDATE FOR PICKLE LAKE GOLD
PROJECT
Gold explorer Ardiden Limited (‘Ardiden’ or ‘the Company’) (ASX: ADV) wishes to update the market on Exploration
Activities at its Pickle Lake Gold Project in north-western Ontario, Canada.
HIGHLIGHTS
• Detail Airborne Geophysical Survey to cover Ardiden’s New Patricia Gold Property at Pickle Lake:
o Undertaking a High-Resolution Aeromagnetic Gradiometer, Radiometric, Matrix Digital VLF-EM
Survey over the entire New Patricia Gold Property.
o The survey will also provide detail cover of the Esker Gold Prospect where previous drilling returned
significant intercepts of gold over a 1km-long anomalous trend of mineralisation including:
• 5.35m @ 3.1 g/t Au from 80.65m; drillhole ME-88-06
• 12.03m @ 3.2 g/t Au from 29.90m; drillhole ME-88-08.
• Kasagiminnis (‘Kas’) Gold Deposit drilling update:
o Drilling planned at Kas will test two of approximately 20 structural targets identified along the
greater Kasagiminnis structural trend.
o ‘Kas’ Drilling programme design refined further based on ongoing geophysical and structural
interpretations, drill core petrophysical test work and funding capacity.
o This dilational zone extends over 4km and includes a historical drill intercept of 4.24m @ 21.0g/t
Au approximately 700m south of the main JORC Resource area, that has never been followed up.
• Ontario Government updates on COVID-19 and Permit Approvals:
o As part of Ontario’s reopening plan, the MENDM is focusing its efforts on addressing exploration
permit applications that have been on hold since prior to the declaration of the state of emergency
on 17 March 2020.
o The MENDM is actively working again with communities to advance the permitting process and has
stated that it remains committed to fulfilling their duty to consult on mineral exploration and
development authorisations, in keeping with MENDM’s efforts to provide Companies with the
certainty required to carry out their activities once authorised.
o Despite drilling not being able to commence in July as planned, the Company is still committed to
undertaking Summer and Winter drill campaigns at its 100%-owned Kasagiminnis Gold Deposit at
Pickle Lake, as soon as the Ontario Mines Ministry works through its exploration permit approvals.