- Raiden Resources (RDN) intersects nickel-copper sulphides from initial drilling at the B1 deposit, within the Mt Sholl project in Western Australia
- The first two diamond drill holes hit visual massive, semi-massive, and disseminated mineralisation
- Highlights include 22.7 metres of pyrrhotite and chalcopyrite mineralisation from 54.28 metres
- This was part of the company’s drilling program at Mt Sholl to confirm its geological model and selected historical results, as well as provide material for metallurgical testing
- Shares are trading steady at 0.9 cents each at 1:14 pm AEDT
Raiden Resources (RDN) has intersected nickel-copper sulphides from initial drilling at the B1 deposit, within the Mt Sholl project in Western Australia.
The first two diamond drill holes hit visual massive, semi-massive, and disseminated sulphide mineralisation.
Highlights include 22.7 metres of pyrrhotite and chalcopyrite mineralisation from 54.28 metres.
This was part of the company’s maiden drilling program at the project, which sought to confirm its geological model and selected historical results, as well as provide material for metallurgical testing.
The drilling focused on the B1, B2 and A1 deposits and has now finished up at B2.
Managing Director Dusko Ljubojevic said the mineralisation observed was as expected and is hosted within broad zones.
“We look forward to reporting the results from all the drill holes to date, which should provide for an exciting several months of news and updates from the drill bit,” he said.
Shares were trading steady at 0.9 cents each at 1:14 pm AEDT.