Rooster Talk: Exploring in Canada’s giant goldfields – Ardiden Ltd

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.

This Rooster Talk with Rob Longley, the managing director and chief executive officer of Ardiden Ltd (ASX:ADV), is about the progress of the company's Pickle Lake Gold Deposit.

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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[hhmc]
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..

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.

This Rooster Talk with Rob Longley, the managing director and chief executive officer of Ardiden Ltd (ASX:ADV), is about the progress of the company's Pickle Lake Gold Deposit.

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.

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.

For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au

Samso is primarily a consulting company that delivers digital information to the market in terms of creating organic conteRead More – Source

Proactiveinvestors

Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Overwhelming response to SPP

The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

Proactiveinvestors

Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey

Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling

The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

Proactiveinvestors

Australia

Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions

Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”

PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader

Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source