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Ardiden ( (AU:ADV) ) has shared an update.
Ardiden Ltd has commenced a 15,000-metre Phase 1 diamond drilling campaign at its Rouyn Gold Project in Québec, marking its first drilling program on the property and a key milestone in advancing the asset. The work, initially focused on the Astoria Project Area in the eastern portion of the mineralised corridor, is aimed at testing extensions of known mineralisation along strike and at depth, improving geological confidence in priority target zones, and supporting future resource growth initiatives; the program is being executed by Québec-based contractors and is expected to underpin the company’s efforts to grow its resource base in a well-serviced, high-potential gold district.
The most recent analyst rating on (AU:ADV) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on Ardiden stock, see the AU:ADV Stock Forecast page.
More about Ardiden
Ardiden Ltd (ASX: ADV) is an exploration company focused on gold, with its flagship Rouyn Gold Project located in the Rouyn-Noranda district of Québec’s Abitibi greenstone belt, one of the world’s most prolific gold-producing regions. The project benefits from strong regional infrastructure, access to skilled mining services, and proximity to multiple gold processing facilities, positioning the company to leverage established mining supply chains in a Tier-1 jurisdiction.
YTD Price Performance: 17.65%
Average Trading Volume: 354,044
Technical Sentiment Signal: Buy
Current Market Cap: A$85.96M
Find detailed analytics on ADV stock on TipRanks’ Stock Analysis page.