Ardiden Limited (ASX: ADV) reports that recently completed preliminary diamond drilling programme has confirmed the presence of high-grade spodumene mineralisation at or close to surface at the South Aubry prospect, part of its 100%-owned Seymour Lake Lithium Project in Ontario, Canada.
The initial assay results include an impressive high-grade intercept grading 3.10% lithium oxide (Li2O), as well as numerous strong assays which continue to support the potential to define further lithium resources at Seymour Lake, with the latest results confirming the presence of multiple pegmatite zones at or close to surface.
The company said assay results from recently completed diamond drill holes have confirmed the potential at the prospect, intersecting thick zones of lithium mineralisation at or close to surface.
The company has now received assay results from six new diamond drill holes for the South Aubry prospect, located approximately 1.1km south of the North Aubry lithium deposit.
Subscribe to The PickGet your Free Copy of THE PICK - Australia's Premier Resources Sector Investment Magazine - direct to your inbox...
Lithium grades up to 3.10 Li2O (SA-17-08) are reported in the latest batch of assay results, confirming the presence of broad mineralisation zones including a number of high-grade lithium lodes within these broader zones.
The company says that only about 5% of the regional 5km strike length of modelled pegmatites have been drill-tested, and the true potential of the project is yet to be fully evaluated.
Approximately 40 new pegmatite exposures have been identified, with several of these exposures hosting visible spodumene.
Ardiden has also confirmed an estimated combined initial Exploration Target range for the Central and South Aubry deposits of approximately 3Mt to 5Mt at 1.2% Li2O to 1.6% Li2O, as well as extensions to North Aubry.