Ardiden to start drilling for lithium and graphite in Canada
Date
10/24/2016 1:32:22 AM
(MENAFN- ProactiveInvestors - Australia) 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.
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