Raiden Resources (ASX:RDN, DAX:YM4) unveils promising lithium target at Andover South

September 23, 2024 11:16 AM AEST | By Sonal Goyal

Raiden Resources (ASX:RDN, DAX:YM4) unveils promising lithium target at Andover South — Image source: Company update

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Highlights

RDN has advanced field sampling and mapping at Andover South.

Seven target zones have been identified to date on the project.

Target Zone 7 extends 650m along a northwest strike and is characterised by a high degree of fractionation, indicating potential for lithium-caesium-tantalum (LCT) mineralisation.

Further detailed mapping is planned, with the possible inclusion of Zone 7 in the maiden drilling program.

Raiden Resources Limited (ASX:RDN, DAX:YM4) has released the latest results from pegmatite analysis and mapping conducted across the Andover South Lithium Project tenements. CSA Global geologists have been re-engaged to support further field sampling campaign, which included mapping previously undefined pegmatites and analysing the outcrop minerology.

So far, seven target zones have been identified, with mapping confirming a new high-priority zone at the projectTarget zone 7’s pegmatites extend 650m along a northwest strike, believed to represent a dislocated extension of the high-priority Target Area 1.

Notably, Zone 7 displays a high degree of pegmatite fractionation, as indicated by the potassium/rubidium (K/Rb) ratio, suggesting potential for lithium-caesium-tantalum (LCT) mineralisation.

The next steps will involve further detailed mapping, with the possibility of incorporating Target Zone 7 into the upcoming maiden drilling program.

RDN shares trade higher

RDN shares had jumped by over 10% trading at AU$0.043 apiece at the time of writing on 23 September 2024.

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