Ardiden to start drilling for graphite in Manitouwadge
Ardiden Ltd (ASX:ADV) is about to commence resource delineation drilling at its lithium and graphite projects in Ontario, Canada following recent successful field exploration programs.
Diamond drilling will be undertaken at both the Seymour Lake Lithium Project (exercised option to acquire 100%) and the Manitouwadge Flake Graphite Project (100%-owned).
At Seymour Lake Lithium Project, 2000 metres of drilling will target the area around the North Aubry prospect which is located within an extensive 5 kilometre long pegmatite zone.
Field work has confirmed that all of the pegmatite structures are located at or near to surface, providing relatively accessible targets for resource delineation.
At Manitouwadge Flake Graphite Project, 1500 metres of diamond drilling will be undertaken at the priority Silver Star North prospect.
Previous exploration work at Silver Star North has confirmed the potential to establish a maiden mineral resource estimate.
This drilling at Manitouwadge is expected to commence in late November 2017, paving the way for a potential maiden mineral resource in Q2 2017.
Both projects are located in the heart of a well-established mining jurisdiction which offers numerous advantages, including proximity to infrastructure such as road, rail and power.
Ardiden’s share price has increased 69% during the past one month, last trading at $0.027.
Ardiden is an Australian mineral exploration company seeking to generate shareholder wealth by identifying, acquiring and developing mineral projects in any jurisdiction that possess the potential for cashflow and growth. The board has extensive and relevant experience in the mineral exploration industry and is currently reviewing various projects to add to its asset portfolio.
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