- Raiden Resources (RDN) prepares for a heritage survey across the platinum group element targets within its Mt Sholl project in Western Australia
- The five-day archaeological and anthropological survey was secured with the Ngarluma Aboriginal Corporation and is due to begin on August 29
- Once the survey is complete, 5000 metres of diamond drilling is planned to confirm and extend existing mineralisation to be incorporated into a maiden mineral resource estimate
- The company says it is eager to continue working on what it believes will be an exciting and substantial nickel-copper-cobalt PGE project
- Company shares last traded at 0.8 cents on August 8
Raiden Resources (RDN) is preparing for a heritage survey across the platinum group element targets within its Mt Sholl project in Western Australia, ahead of drilling.
The five-day archaeological and anthropological survey was secured with the Ngarluma Aboriginal Corporation and is due to begin on August 29.
It will cover areas Raiden plans to drill, including the existing A1, B1 and B2 deposits, as well as potential extensional zones.
Once the survey is complete, 5000 metres of diamond drilling is planned to confirm and extend existing mineralisation to be incorporated into a maiden mineral resource estimate.
The areas targeted in this first round of drilling previously returned a 17.6 metre intersection grading 1.1 per cent nickel, 1.7 per cent copper and 0.9 grams per tonne (g/t) palladium from 36.4 metres downhole.
Managing Director Dusko Ljubojevic said the company is eager to continue working on what it believes will be an exciting and substantial nickel-copper-cobalt platinum group element project.
“With this heritage survey commencing, we take the next step of getting drill rigs on the ground, for an aggressive and targeted exploration program designed to move the Mt Sholl deposits towards a compliant mineral resource in accordance with JORC 2012 guidelines as quickly as possible,” he said.
Today’s news follows the company’s announcement earlier this month that it has received firm commitments to raise $1.8 million to fund its Mt Sholl drilling campaign.
Company shares last traded at 0.8 cents on August 8.