Canadian geology makes that country one of the most endowed places in the world. It is the 'harsh' environment that makes discoveries fewer.
I like the North American geology and the potential of finding those double-digit million-ounce deposits common in that part of the world.
When discoveries happen, they seem to be big and sustained. What Ardiden has is one of the many 'belts' that require systematic drilling and lots of patience.
Rob explains the challenges and the potential of being patient and allowing the capital to be deployed to uncover what may become a great gold deposit.
About Ardiden Ltd
Ardiden Ltd (ASX:ADV) is an ASX-listed exploration company focused on building a compelling gold resource at its 100%-owned Pickle Lake Gold Project in one of Canadas most prolific gold mining districts in northwest Ontario, Canada.
The project consists of more than 664 square kilometres of highly prospective landholding across three deposits – Kasagiminnis (Kas), Dorothy and Dobie.
Ardiden has a maiden inferred 110,000-ounce high-grade gold resource (790,000 tonnes at 4.3 g/t) at the Kasagiminnis deposit and in May 2020 defined an exploration target of 500,000 to 1.2 million ounces at 3.9-6.6 g/t. The deposit represents only a small section (600-metres) of a continuous 120 kilometres strike length at the flagship Pickle Lake Gold Project.
During 2020, Ardiden aims to build on this resource at Kasagiminnis with definition drilling as well as applying modern exploration techniques to unlock value at its highly prospective numerous prospects, identified in June 2020 through the interpretation of various geological and geophysical data sets. The initial exploration of these targets has been very encouraging.
Ontario is a tier-one mining jurisdiction and produced 2.5 million ounces of gold in 2018, nearly half of Canadas total annual gold production. The province hosts 18 active gold mining projects.
Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as lithium interests in Ontario including the Root Lake and Wisa Lake projects.
About Rob Longley
A geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. His experience includes managing director of Helios Gold Limited and before that was general manager geology for Sundance Resources in Africa from 2007 to 2015.
Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations and delivering progressive results and mineral resources to bring shareholder value and underpin the development of mineral projects.
Rob is well-respected in the industry for his professional integrity, his resource growth achievements and commercial leadership.