Ardiden Ltd: 2018 Exploration Drilling Set to Commence at Seymour Lake

Diversified minerals explorer and developer Ardiden Ltd. (ASX:ADV) is pleased to advise that its 2018 exploration drilling program is set to commence within 2 weeks, at its 100%-owned Seymour Lake Lithium Project in Ontario, Canada.

HIGHLIGHTS:

- Detailed analysis and interpretation of geological model and the latest drilling results completed.

- Exploration drill program finalised, with numerous high priority drill targets defined at Central and South Aubry prospects.

- Geological team mobilising to prepare site and drill rig to mobilise shortly thereafter.

- 2018 exploration drilling program expected to commence within 2 weeks.

- Drilling program designed to test extensions of key lithium mineralisation zones, identified at both Central and South Aubry prospects.

Ardiden's geological team has now completed a thorough review, analysis and interpretation of current geological model, incorporating all of the 2017 drilling results. This has been combined with updated regional geological and topographic data, with the review defining numerous high priority drilling targets, with phase 1 focusing on the mineralisation extensions at and around the Central and South Aubry prospects.

Subsequently, based on these new priority drill targets, planning for phase 1 of the 2018 exploration drill program has now been finalised. Ardiden's geological team are about to mobilise to the project in order to prepare the drill sites at Seymour Lake.

This program has been designed to drill test and evaluate the numerous potential extensions of the pegmatite structures that bear the high quality spodumene mineralisation. The aim of the program is to define substantially more lithium mineralisation to complement the current lithium resource already defined at the North Aubry prospect. With the assistance of our strategic Chinese partners Yantai, Ardiden seeks to fast track the development of the Seymour Lake Lithium Project into commercial production.

Ardiden expects the drill rig to mobilise from Thunder Bay next week and to commence the phase 1 of the exploration drilling program at the Central and South Aubry prospects within 2 weeks.

The expansion of any resources will be completed in accordance with JORC (2012) guidelines and is likely to be completed in a number of stages. Once the drill targets at and around Central and South prospects have been drill tested and fully evaluated, the drill program will begin to progressively drill test the numerous other pegmatite exposures contained within the defined 5km strike zone.

Ardiden looks forward to providing further updates as they come to hand.

To view figures, please visit:
http://abnnewswire.net/lnk/817GHOZ7

About Ardiden Ltd:

Ardiden Ltd. (ASX:ADV) is an emerging international diversified exploration and development company possessing a mature multi-element asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.



Contact:

Investors: Brad Boyle
Ardiden Ltd.
Tel: +61-8-6555-2950

Media: Citadel-Magnus
Tel: +61-8-6160-4900