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Raiden Resources Ltd.
Summary
| Project: | Stara Planina | |
|---|---|---|
| Deposit: | Gradiste, Aldinac | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 11/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2018: Raiden Resources Ltd. announces an Exploration/Drilling Update report for its Gradiste, Aldinac deposit at the Stara Planina project. Drilling results incl. 4.5m @ 0.2g/t Au, 0.25% Cu from 395.7m. Raiden Resources Limited (ASX: RDN) (‘Raiden’ o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Pawlitschek (Internal) | |
| ABSTRACT: | Raiden Resources Limited (ASX: RDN) (‘Raiden’ or the ‘Company’) is pleased to announce the encouraging drill results from the maiden drill campaign at Stara Planina1 , in which all five drill holes intercepted anomalous copper and gold mineralisation. Dusko Ljubojevic, Managing Director of Raiden commented: “Initial drilling at Aldinac and Gradiste within the Stara Planina project has been encouraging, having intercepted copper and gold mineralisation in all initial holes. The drilling has indicated the presence of controlling shears associated with higher grades and will be the focus of the Company’s follow up drill program. The Company is in the process of conducting field activities to refine high-grade targets for future drilling.” Drilling results at Stara Planina The Company received assay results from its maiden drill program, which consisted of five diamond drill holes totalling approximately 1,700m. Drilling targeted chargeability anomalies at depth, previously defined by an induced polarisation (“IP”) program completed earlier this year by the Company at its Aldinac and Gradiste targets. The Company is encouraged by these initial results, intercepting anomalous copper and gold mineralisation. The maiden drill program has provided the Company with a valuable insight into the nature of mineralisation, the distribution of sulphide mineralisation throughout the system and the structural frame work of the target areas. The initial drilling targeted coincident IP and multi-element geochemical anomalies, however the Company remain cognisant that historically the highest-grade mineralisation produced from outcrop samples were located on structures peripheral to the IP anomalies. The Company will refocus its exploration activities to concentrate on these identified high-grade structures present at both Aldinac and Gradiste, as well as continuing to test the IP anomalies along strike and at depth. The Company has since commenced field activities to identify high-grade zones of mineralisation, prior to a follow up drill campaign | |
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