Ardiden of Perth continues to expand its land package at its Pickle Lake Gold Project.
In recent months the Perth gold exploration outfit has been staking more ground near the community of Pickle Lake.
The company has steadily grown its holdings around former gold mines and known gold deposits from 123 square kilometres to 257 square kilometres in January, and now 500 square kilometres.
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In a March 5 release, Ardiden said their ongoing staking is in keeping with its exploration strategy to eventually create a pipeline of gold projects in an area of former mining activity that it considers still relatively underexplored.
The company said Pickle Lake sits within the same geological structure as the Red Lake mining district, 160 kilometres to the west.
“The ground holding now extends over more than 100 kilometres of highly prospective Archean greenstone territory that provides us the best opportunity to make new and exciting discoveries,” said Ardiden CEO Rob Longley in a statement.
“What is significant about the increased landholding is the potential of the overall belt as one of the best jurisdictions in which to invest and explore for new high-grade gold deposits using modern exploration techniques and geophysical analysis. We are very excited about what the future holds.”
Ardiden has four gold deposits near Pickle Lake and is also exploring a lithium property, 60 kilometres from Armstrong.
The focus of the company’s next drill program is its Kasagiminnis deposit, which contains a maiden inferred resource of 790,000 tonnes grading 4.3 grams per tonne for 110,000 ounces of gold.
