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Raiden ready a stream of results

27 October 2022 10:18
ASX: RDN

Moving ahead of schedule, Raiden Resources have wrapped up drilling at its flagship Mt Sholl nickel project with all holes logging visual sulphide mineralisation across three deposits.

The final cores pulled up from the A1 and B1 deposits show further visual nickel and copper sulphide intersections at significant widths.

The primary objectives of the 4204-metre campaign were to confirm historical results, the geological model, and provide material for initial metallurgical testing.

With all drill results being in line with target modelling so far and a large number of samples ready for testing, the company said it is optimistic results will prove its resources model.

“The consistency from the visual results has instilled further confidence in the historical data and we hope the laboratory analysis will confirm the grades,” managing director Dusko Ljubojevic said.

All eyes have been on the flagship project the past few weeks as the campaign has constantly delivered exciting results and the early assay reveal of high-grade Ni-Cu-PGE.

And the news flow will keep coming, with the company expecting assay results to be delivered from a steady stream beginning the first week of November.

RDN’s Australian Stock Exchange-listed share price was trading at 0.9c today (10:02 am UTC+ 8 hours).

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