| Announcement Date: | 2022-11-23 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Raiden Resources Ltd. |
| Project name: | Mt Sholl |
| Location: | Australia |
| Commodities: | Gold,Palladium,Platinum,Silver,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 17m at 0.58% Ni, 0.88% Cu, 231ppm Co, 0.82g/t Pd, 0.17g/t Pt, 0.13g/t Au, 4.68g/t Ag from 111m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The company completed a total of 39 diamond holes for 4,204m between 19 September and 23 October 2022. These latest assays and intercepts are from the third batch of samples despatched by the Company during its maiden drill program at Mt Sholl. Of note is the high-grade nickel, copper, cobalt and PGE mineralisation intercepted within a 3.1m zone of disseminated sulphide mineralisation, from 116.4 metres in hole 22B2DD013. This densely disseminated sulphide mineralisation includes pyrrhotite, chalcopyrite, with lesser pentlandite mineralisation, comprising of up to 20% of the rock mass within a feldspar-altered dolerite (Figure 1 below). With results of 1.69% Ni and 2.01% Cu in this interval, located in a relatively underexplored portion of the B2 deposit, it should be noted that mineralisation remains open down dip to the east (refer to Figure 2 below) and provides potential for extending the high-grade zone. |
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