In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.VISIT NEW SITE
Ardiden to begin maiden drilling program at Root lake
1 minute read
Drilling will begin following receipt of all the required approvals and selection of a drilling contractor.
The rig will be moved to site in the coming week and drilling will commence soon after.
Key approvals are the catalyst for Ardiden to undertake a due diligence exploration program comprising approximately 600m of diamond core drilling.
The program is intended to test and confirm significant reported historical lithium drill results at the McCombe pegmatite. The program will also help to define the boundaries of the main spodumene-bearing pegmatite structures which host lithium mineralisation at the project.
With over 10,000m of historical diamond drilling, the Root Lake Project is known to host significant lithium-beryllium-tantalum mineralisation which will be confirmed by the due diligence drill program.
The Project is located close to vital infrastructure including a skilled mining workforce.
Results of the upcoming drilling and exploration program will give Ardiden the information it seeks to make a detailed assessment about the potential of the Root lake Lithium Project before exercising its option to purchase.