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Highlights
- Soil sampling campaign at Mt Sholl has defined multiple lithium in soil trends.
- A lithium in soil trend with a 3.5km strike length and peak value of 138.5ppm lithium is defined in the northern-central part of the tenement.
- In the south-eastern part of the permit, a lithium in soil trend with a 2.5km strike length with peak value of 187.5ppm lithium is defined.
- Early in 1Q24, a detailed follow up program is expected to start.
Raiden Resources Limited (ASX: RDN, DAX: YM4) has shared the results of a soil sampling campaign for the Mt Sholl North project.
Considering the results achieved to date, multiple distinct geochemical trends have been defined. In the central western part of the project area, a +30ppm lithium soil trend extends along a 3.5km east-west trending corridor and the peak value is 138.5ppm Li.
In the south-eastern part of the permit, a >50ppm lithium soil anomaly extends over a 2.5km strike extent and the peak value is 187.5ppm lithium.
The company stated that the defined anomalies lie along strike to GreenTech Metals Ltd (ASX:GRE) Osbourne JV pegmatite discovery.
Background of the soil sampling program at Mt Sholl
The northern parts of the Mt Sholl project are considered as the most prospective for pegmatite hosted lithium mineralisation. To examine the potential for lithium bearing pegmatites in this area, the company executed a soil sampling program in October 2023. The samples were tested for LCT elements and other elements as well.
The program is aimed at defining the most prospective project areas and obtain a detailed insight into the potential zoning of mineralised system.
With the latest work, several distinct geochemical trends have been defined, as highlighted above.
What’s ahead!
In early 2024, the company intends to conduct follow-up programs. It will comprise an in-depth analysis of the regolith in relation to these soil anomalies.
Moreover, previously mapped structures and a re-evaluation of the company’s aeromagnetic data will be utilised to target for prospective concealed structures, which can act as potential hosts of LCT pegmatite mineralisation.
RDN shares traded at AU$0.036 apiece on 5 December 2023.
