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Raiden Resources Ltd.
Summary
| Project: | Donje Nevlje | |
|---|---|---|
| Deposit: | Donje Nevlje | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 7/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2019: Raiden Resources Ltd. announces an Exploration/Drilling Update report for its Donje Nevlje deposit at the Donje Nevlje project. Drilling results incl. 9.5m @ 0.16g/t Au, 0.13% Cu from 394m. Raiden Resources Limited (ASX: RDN) (‘Raiden’ or ‘the C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Pawlitschek (Internal) | |
| ABSTRACT: | Raiden Resources Limited (ASX: RDN) (‘Raiden’ or ‘the Company’) is pleased to report on drilling results from its Donje Nevlje Project in southern Serbia: Dusko Ljubojevic, Managing Director of Raiden commented: “This was the first drilling program executed on the Donje Nevlje license since the Yugoslav government work in the 1960-70’s. Despite only three drill holes being completed in the initial round of drilling, the Company intercepted copper and gold mineralisation at depth. The Company is in the process of reviewing the results in further detail to determine follow up steps on this project.” The initial program consisted of 1,144 meters of diamond drilling, which was designed to test the geophysical (Induced Polarisation) anomalies defined earlier in the year (refer to Company’s announcement on the 9th of April 2019). The program was terminated, short of the planned 1,500 meters due to significant ground water, which was encountered and impacted on the drilling progress. The Company is currently evaluating follow up steps which it plans to undertake on the project. | |
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