Ardiden confirms presence of multiple thick zones of graphite mineralisation at Manitouwadge
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Lithium and graphite explorer, Ardiden has identified multiple thick zones of graphite mineralisation of up to 61 metres in width at its Manitouwadge graphite project in Ontario. Management highlighted the fact that visible large flake graphite was present in numerous graphite domains.
The 22-hole diamond drilling program is designed to target the immediate project area around the Silver Star North prospect where drilling had previously intersected a number of high grade graphite mineralisation zones in 2015.
Logging from the first 11 diamond drill holes has delivered positive news for the group as they also indicate that mineralisation remains open along strike to the West, East and at depth.
Of course this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.
While assay results won’t be available until March, the drilling of a further 11 holes should indicate whether these early promising trends extend to other sections of the target zone.
Summing up these recent developments, management said, “The mineralisation intersected in the current diamond drilling program has to date surpassed expectations and verified the interpreted eastern section of the graphite mineralisation zones for a strike extension of over 600 metres”.
The 22-hole resource drilling program will form the basis of a maiden JORC 2012 Mineral Resource estimate which management aims to release by the second quarter of 2017.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
