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Highlights
- Infill soil sampling campaign has validated previously discovered lithium anomalies on the Mt Sholl project.
- Two high-value lithium targets have been identified, with a peak soil value of 188 ppm lithium, further constraining initial anomalies.
- Additional sampling and mapping activities are planned for the defined anomalies.
Raiden Resources Limited (ASX: RDN, DAX: YM4) is excited to reveal the outcomes of its recent infill soil sampling campaign conducted over previously identified anomalies at the Mt Sholl North Project. The campaign has yielded significant findings, delineating two high-value lithium targets which are further constrained within distinct geometries with a peak soil value of 188 ppm lithium.
The company highlighted that these findings would enable a more targeted follow-up campaign to identify potential targets.
More
The 2023 sampling campaign generated these anomalies across the Mt Sholl project. The infill soil sampling campaign aimed to follow up and further define the anomalies previously identified. Infill sampling grids were executed on both a 50m by 100m grid and a 50m by 200m grid over the anomalies, allowing for infilling of the original survey line spacing.
The company highlighted that the geometry of the anomalies appears to closely align with the geometry of the mapped pegmatites in the southeastern area of the tenement and the pegmatite trends observed on the Osbourne project of ASX-listed GreenTech, east of the Mt Sholl.
Further sampling and mapping activities are being considered to gather more data and assess these trends, with the aim to identifying additional potential sites for drilling.
Shares trade higher
RDN shares traded at AU$0.025 apiece at the time of writing on 25 March 2024.