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    lithium investing

    Ardiden: Further Impressive High-Grade Lithium Hits at Seymour Lake

    Written by Priscila Barrera
    |
    Jun. 05, 2017 09:29AM PST

    Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) is pleased to advise that it has received encouraging assay results from the next two diamond drill holes completed as part of the ongoing Phase 2 resource delineation diamond drilling program at its majority-owned Seymour Lake lithium project in Ontario. As quoted in the press release: HIGHLIGHTS: …

    Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) is pleased to advise that it has received encouraging assay results from the next two diamond drill holes completed as part of the ongoing Phase 2 resource delineation diamond drilling program at its majority-owned Seymour Lake lithium project in Ontario.
    As quoted in the press release:

    HIGHLIGHTS:

    • Outstanding grades of up to 4.5% (SL-17-06) lithium oxide (Li2O) reported from the next two diamond drill holes in the ongoing Phase 2 drilling program at the Seymour Lake Lithium Project, Ontario.
    • Assays confirm the presence of wide mineralised zones at or close to surface in these two holes, which were completed to depths of up to 131m down-hole. Significant new intersections include:
    • 9.63m at 1.5% Li2O from surface (SL-17-05) including:
    • 5.0m at 2.5% Li2O.
    • 6.77m at 2.5% Li2O from 3.0m down-hole (SL-17-06) including:
    • 3.0m at 3.3% Li2O; and
    • 1.0m at 4.5% Li2O.
    • Drilling continues to provide a greater level of geological understanding and confidence while also steadily increasing the overall scale of the project.
    • Phase 2 results to underpin a maiden JORC 2012 Mineral Resource.

    • Discussions and site visits with multiple potential strategic and off-take partners continuing.

    Click here for the full text release


     
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