Raiden Resources (ASX:RDN) completes structural interpretation of Andover South Lithium Project

September 26, 2024 06:59 PM PDT | By Sonal Goyal

Raiden Resources (ASX:RDN) completes structural interpretation of Andover South Lithium Project — Image source: Company update

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Highlights

A district-scale structural interpretation of the Andover Complex and a detailed evaluation of magnetic survey data over the Andover South Project has been completed.

The findings will be used to define additional structural trends that have the potential to host pegmatite mineralisation.

Drilling is expected to begin this weekend.

Raiden Resources Limited (ASX:RDN) has completed a preliminary structural interpretation of magnetic survey data for the Andover South Lithium Project as well as a district-scale structural analysis of the Andover Complex.

The assessment utilised magnetic data gathered from a drone survey conducted in July 2024 over the Andover South Project (E47/4062 and E47/4061), alongside publicly available magnetic data from the Andover Complex.

Objective of the structural interpretations

Data source: Company update

Structural Corridor and Mineralisation Insights

The analysis indicated that the pegmatites at Andover South (E47/4062 and E47/4061) are hosted within the same well-defined north-east trending structural corridor as the lithium-bearing pegmatites of ASX-listed Azure Minerals’ Andover project, located on the adjacent tenement.

So far, the identified mineralisation appears to be associated with second-order faults striking north-east and north-north-east , which have been further displaced by post-mineralisation faulting.

The findings suggest that the extent of mineralisation is concentrated near these second-order faults. Additionally, K/Rb ratio analysis for the Andover South project indicates that pegmatite fractionation—and the likelihood of containing economically viable lithium mineralisation—decreases with increasing distance from these faults.

Moving forward, Raiden will focus on defining the geological boundaries of the Andover Complex within the company's project area. Following this, the company plans to use the detailed magnetic data from Andover South to identify prospective blind targets under sediment cover.

The Andover South Project in relation to currently defined mineralisation at the Andover South target and the Andover Deposit. Pic: RDN

Drilling at the project is expected to commence this weekend.

RDN shares trade higher

RDN shares were trading 3.49% higher at AU$0.044 apiece at the time of writing on 27 September 2024.

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