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Raiden (ASX:RDN|DAX:YM4) historical mining indicates potential for near-surface, high-grade Ni-Cu sulphide mineralisation at Mt Sholl project

Image Source: Company’s update, 30 September 2022

Highlights

  • Raiden Resources (ASX:RDN|DAX:YM4) updated the market on the evaluation of the B1 historical test mining pit along with the exploration potential of the B1 deposit.
  • The company has reported the potential for near-surface, high-grade nickel-copper (Ni-Cu) sulphide mineralisation which is based on historical mining.
  • According to Raiden, historically, Ni-Cu was assayed disproportionally higher than cobalt, platinum group elements, silver, and gold.

Diversified mineral explorer Raiden Resources Limited (ASX:RDN|DAX:YM4) has been consistently advancing its flagship nickel-copper-cobalt-platinum group element (Ni-Cu-Co-PGE) Mt Sholl project. In a recent update, RDN reported the evaluation of the B1 deposit’s historical test mining pit and the exploration potential of the deposit.

The historical drilling defined the potential for near-surface, high-grade Ni-Cu sulphide mineralisation. The historical mining tested a +150 m wide, 25 m average thickness mineralised zone at the B1 deposit, with grades ranging from 0.64% nickel equivalent (Ni_Eq) to 1.67% Ni_Eq.


 


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