Raiden Resources (ASX:RDN) Maiden Drilling at Andover South Identifies Key Pegmatite Systems

Highlights

• Raiden has completed 28 drill holes, covering 7,041 metres, at the Andover South Lithium Project.
• Drilling to date has identified two distinct pegmatite systems.
• In Target Areas 1 & 2, pegmatite intersections with significant grades have been encountered, ranging from 1 to 15 metres in thickness.
• The Southern Structural Trend, an unexplored larger structure, has been identified as a high-priority target.
• Upcoming plans include structural analysis, field mapping, and drill testing across new target zones.

Raiden Resources Limited (ASX:RDN) has released assay results from its maiden diamond drilling program at the Andover South Lithium Project in Western Australia. So far, 28 drill holes totalling 7,041 metres have been completed, and the drilling campaign has defined two distinct pegmatite systems.

In Target Area 7, the pegmatites are hosted within mafic and ultramafic units, while in Target Areas 1, 2, and 3, they are found within an unaltered gabbro host unit.

Findings at Target Area 7

In Target Area 7, four drill holes have been completed, with all intersecting multiple pegmatites. However, no significant mineralisation has been reported.

Raiden believes that further exploration to the south along the strike of this area may uncover additional mineralisation potential, which may be the focus of future field programs.

Results from Target Areas 1 and 2

In Target Areas 1 and 2, all 23 drill holes intersected pegmatites, with thickness ranging from less than 1 metre to up to 15 metres. Initial evaluations suggest that the pegmatites in these areas are hosted within an extensional zone of a structural framework. Ongoing assessments and modelling indicate that the larger and untested structure, referred to as the “Southern Structural Trend,” may lie south of the currently drilled area.

Significant results from the last batch of samples include

• ASDD019 6.23m @ 1.16 Li₂O%
• ASDD022 4.56M @ 1.16 Li₂O%

Future Exploration Plans

• To define future drilling at Andover South, the company plans to undertake structural and geological assessments of the data.
• Analyse the large pegmatite outcrop on tenement E47/4061.
• Potential drill test the Southern Corridor target area.
• Conduct field mapping across Andover North to identify and prioritise further exploration targets.

Southern Structural Corridor: A Key Target

The Southern Structural Corridor is located along a geological boundary south of Target Areas 1 and 2. Analysis of magnetic data suggests that this zone may represent a significant structural corridor, which has been prioritised for further exploration based on several factors-

• The zone aligns with what is believed to be a geological boundary, indicated by magnetic data imagery. These zones are commonly linked to significant structural corridors, which may have the potential to host larger pegmatites.
• The pegmatites in Target Areas 1 and 2 appear to be extensional in nature and could be associated with a nearby, larger system.
• Numerous magnetic anomalies along the trend as highlighted by magnetic data.
• A large pegmatite outcrop on tenement E47/4061 might represent the northern exposure of the zone.
• Similar structural orientation to the Andover deposit.

In this area, float mapping and outcrop sampling are planned.

RDN shares were trading at AU$0.008 per share at the time of writing on 13 January 2025.