Raiden (ASX:RDN) reports Ni-Cu sulphide intercepts at B1 deposit post exciting drilling at B2

Highlights

• Raiden Resources (ASX:RDN|DAX:YM4) has commenced drilling at the B1 deposit of the Mt Sholl Project, following completion of drilling at B2 where 17 of 17 holes intersected Ni-Cu sulphide mineralisation
• The initial two diamond core holes at B1 have also struck nickel-copper sulphide mineralisation lying over significant widths and at shallow depths.
• Drilling at the A1 deposit has also commenced.

Following encouraging drilling at the B2 deposit, Raiden Resources Limited (ASX:RDN|DAX:YM4) has struck nickel-copper sulphide mineralisation at the B1 deposit at its front runner Mt Sholl project.

The latest set of results for the B1 deposit includes data from the first two diamond core holes drilled to assess the mineralisation status.

Both the drill holes intersected near surface broad zones of visual massive, semi-massive, and disseminated nickel-copper (Ni-Cu) bearing sulphide mineralisation at the B1 deposit.

Project Location (Source: Company’s update)

The summarised observations of the mineralised intervals are as follows:

• Hole ID: 22B1DD001

Fine-grained pyrrhotite & chalcopyrite mineralisation exists in the form of disseminated mineralisation.

The mineralisation lies in a 22.7-metre interval running from 54.28 to 77.00 metres.

As per the visual estimate, the level of sulphide percentage stood at ~6%.

Pyroxenite acts as the host lithology for the interval.

(Source: Company’s update)

• Hole ID: 22B1DD002

The drill hole hosts disseminated and blebby mineralisation of fine-grained pyrrhotite and chalcopyrite.

The mineralisation exists in a 20.7-metre zone lying beneath 64.70 metres to 85.40 metres. Visual estimates for sulphide percentage stood at ~12%.

The lithology of the interval is represented by pyroxenite.

Maiden drilling program at Mt Sholl Project

As per Raiden, the Mt Sholl project in the Pilbara region of Western Australia hosts widespread nickel, copper, cobalt, and platinum-group metals (PGE) deposits. Its consolidated tenements in the region cover a total area of 42km².

Click here to have a detailed look at the Mt Sholl project.

The company has initiated the maiden drilling program at the Mt Sholl project to tap these minerals. The campaign is targeting the three historical deposits: A1, B1, and B2.

The ongoing drilling campaign follows the successful completion of drilling at B2 deposit.

Raiden is targeting the following objectives with the maiden drilling program at the Mt Sholl project:

• Confirm selected historical results
• Validate the geological model of the deposit as compiled by the company
• Achieve the material needed for initial metallurgical testing