Coffee with Samso Episode 52 with Rob Longley, Managing Director of Ardiden Limited (ASX: ADV)
Hollywood Results
Canadian Geology and Giant Mines are synonymous when you talk mining in the North American Mining Industry. Having a large exploration package within the Land of the Giants is what I called stacking your bets.
When I first came across Ardiden Limited (ASX: ADV), I was immediately drawn to the large land holding at Pickle Lake. A small cap exploration company on the Australian Stock Exchange (ASX) with a land package over 800 square kilometres in an area of known mineralisation and working mines is not something ordinary.
I do not know of one place that is easy to work in, so granting that this is not the easiest of places to work in and taking into consideration all the "other issues", Rob Longley and his team are taking the best approach in the search for the "holy grail" and that is to systematically work through the information and not rush into chasing "Hollywood Results".
In this episode of Coffee with Samso, Rob Longley shares with us the significance of the geology, the potential of the land package and how the company slowly works through the numerous targets that have already presented themselves.
About Rob Longley
Rob Longley is a Geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. Rob was Managing Director of Helios Gold Limited and prior to that was General Manager Geology for Sundance Resources in Africa from 2007 to 2015.
Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations while delivering progressive results with Mineral Resources that bring shareholder value, underpinning the developments of mineral projects.
Rob is well-respected in the industry for his professional integrity, his resource growth achievements and commercial leadership.
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About Ardiden Limited
Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building compelling gold resources at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada.
The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit.
Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project.
During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration technique to unlock value at its highly prospective numerous prospects, identified in June 2020 through interpretation of various geological and geophysical data sets. Initial exploration of these targets has been very encouraging.
Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects.
Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects.
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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