Ardiden Limited (ASX: ADV) ('Ardiden' or 'the Company') is pleased to announce final assay results from its 2023 spring drill campaign at its 100% owned District-Scale Pickle Lake Gold Project located in the well-endowed Uchi Geological sub-province east of Red Lake in Northwestern Ontario, Canada
2023 Exploration Program
Drilling commenced in early March 2023 with all holes planned to test the tertiary structure, herein referred to as the Dorothy Dobie trend, at the Dorothy Prospect. The Dorothy Dobie trend extends from the New Patricia Prospect through the historic Golden Patricia Mine which produced 619,796 oz Au @ 15.2 g/t Au1 between 1988-1997 travelling northwest (NW) towards and beyond the Company's West Prospect, spanning >35kms.
Greg Romain, MD & CEO, commented: 'The results to date at Dorothy continue to build on the thesis that the geology in the Western Hub of the Pickle Lake Project is potentially significant. The sheer complexity of the types of mineralisation we are encountering, the importance of the historical results, and the length of the strike we are trying to understand necessitates much deeper thought. Given the early stage and the new expertise I recruited to the project, we will take the required time to better understand the historic work completed in the region, including the geology at the historic Golden Patricia Mine. We plan to undertake a high-resolution magnetic geophysics survey to build a more robust plan for future drill programs. We will also use this time to undertake a comprehensive review of our drilling costs, including logistics, to reduce overall costs in order to drill more meters. I look forward to providing an update on our fall drill program as soon as it is available.'
The 34-hole diamond drill program totalled 5,473m, and was designed to test the extent of the mineralisation halo, along with the affinity to the presumed iron formation related sulphide sequence identified in Ardiden's 2022 drill program at both the Dorothy and Dobie prospects. The assay results reported within, and including the first eight holes announced on 11 May 2023, continue to drive the development of the Company's geological model, whilst adding further strength to our understanding of the shallow mineralisation zones within the Dorothy-Dobie Trend. Initial results received from the first 8 holes led to an extension of the program towards a prospect historically known as the West Prospect, located approximately 1.6 km to the NW of the Dorothy Prospect. The extension of both depth, number of holes, and strike length was in response to the positive results from the first eight drill holes announced on 11 May 2023. and included four holes at the West Prospect.
The Dorothy Prospect currently displays a highly prospective zone with a strike length of 600m along the Dorothy-Dobie Trend. This prospective area includes the previously reported holes DR-23-04A through to DR23-11 (ASX announcement 11/05/23) and DR-22-01 and DR-22-02 (ASX announcements 17/08/22 and 22/09/22). The trend appears to be SE-NW trending and dipping shallowly to the NW and the mineralisation within this zone remains open at depth. All results within the zone are at very shallow depths with all intersecting the zone at less than 75m from surface. The Company is also developing a greater understanding of the strike extension to link the Dorothy and West Prospects
Drilling conducted beyond this prospective area at Dorothy displays lower grades of mineralisation along the Dorothy-Dobie Trend but extends for over 2km. Whilst this remains early stages at Dorothy and West, the presence of gold appears consistent in 31 of the 34 holes drilled in the current program. Holes DR-23-19 through to DR-23-21 are situated up to 400m to the SE of the prospective zone and displayed results that require further review and follow-up assessment with a broad mineralisation envelope of up to 43.90m @ 0.40 g/t (DR-23-21) 5 | P a g e that also appears consistent with a narrow higher-grade zone of 3.34m @ 3.20 g/t. The new holes to the SE of Dorothy extend the total strike length containing higher grade incepts to circa 600m providing a very strong target at depth for further drill testing. The four drill holes at the West Prospect (DR-23-34/DR-23-37) intercepted shallow mineralisation from surface. These holes were designed to test historical results completed at this prospect in 1988. Importantly, mineralisation commenced in DR-23-37 at 2m once traversing the overburden with mineralisation at the top of the hole before finishing at 152m with mineralisation continuing. Mineralisation appears unlike the drilling at Dorothy and was not conducive to the host diorite sequence but within a series of meta volcanics, altered basalts, and gabbro's. The West Prospect, at approximately 1.6km NW of the Dorothy Prospect, is thought to be a mineralised splay off the Dorothy-Dobie Trend.
Competent Persons Statement
The information in this report that relates to Exploration Results and Exploration Targets at the Pickle Lake Project is based on, and fairly represents, information and supporting documentation prepared by Mr Haydn Daxter, a Member of the Australian Institute of Geoscientists. Mr Daxter is a full-time employee at Ardiden Limited. Mr Daxter has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Daxter consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.
Contact:
Greg Romain
Tel: +1 647 300 5417
Email: info@ardiden.com.au
About Ardiden
Ardiden is focused on systematic gold exploration at its 100%-Owned Pickle Lake Gold Project in the well-endowed Uchi Geological Subprovince of Northwestern Ontario, Canada. The Company's 1,088 km2District-Scale Gold Project is the largest continuous gold land holding in the Uchi Belt, where Barrick, Newmont, Kinross, and Evolution all hold significant gold mine and exploration assets. Ardiden's strategic landholding is situated on the same geological belt as Red Lake, the 'Uchi' Subprovince, which has produced over 30M oz of gold to date and where new Tier-1 gold discoveries are still being made, such as Great Bear Resources' Dixie Project, which is now under new ownership following the successful CAD$1.6 billion acquisition by Kinross. In addition to its Pickle Lake Gold Project, Ardiden has retained 13 million shares in Green Technology Metals (ASX:GT1) which it acquired as part proceeds from the sale of Ardiden's lithium assets.
ARDIDEN LIMITED 
