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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