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Ardiden ( (AU:ADV) ) has shared an announcement.
Ardiden has doubled its drilling capacity at the Rouyn Gold Project in Québec by securing a second diamond drill rig from contractor Forage MDion, which will operate alongside an existing rig from Forage Val d’Or. The move follows recent high-grade results at the Astoria deposit and is intended to accelerate systematic testing of targets along the roughly 6km Rouyn gold corridor.
The expanded program will focus on step-out drilling at Astoria to chase down-plunge extensions of high-grade mineralisation while also enabling broader corridor-scale exploration. Management said the additional rig improves operational flexibility and efficiency, supporting the company’s strategy to build scale through multiple deposits and drive continued Mineral Resource growth, with further assay results expected in the near term.
More about Ardiden
Ardiden is an ASX-listed mineral exploration company focused on gold exploration in Québec, Canada. Its flagship Rouyn Gold Project lies along the prolific Cadillac–Larder Lake Break in the Abitibi Greenstone Belt, where the company controls about 6km of strike hosting multiple gold occurrences, including the Astoria deposit, and is targeting growth in Mineral Resources through systematic drilling.
YTD Price Performance: 7.35%
Average Trading Volume: 479,438
Technical Sentiment Signal: Hold
Current Market Cap: A$75.22M
Find detailed analytics on ADV stock on TipRanks’ Stock Analysis page.