Raiden Resources continue to show sulphides at Mt Sholl, with further assays from its widespread drilling campaign at the flagship project confirming high-grade zones of nickel, copper and PGE sulphide mineralisation.
The explorer wrapped up its 4204-metre maiden drilling campaign over Mt Sholl last week, with all holes logging visual sulphide mineralisation.
Results are correlating with historical exploration, and of a cumulative 10.5 kilometres of prospective strike, only 4.3km has been drill tested, giving the opportunity to define more near-surface mineralisation.
Mineralisation still remains open at depth, providing the potential to make a significantly larger discovery, and the company said these assays demonstrate the impressive nature of the mineralised Mt Sholl body.
“The widths and the high-grade intersections are mostly within the upper 100 metres from the surface and indicate the potential for strike and depth extensions,” managing director Dusko Ljubojevic said.
“We anticipate further results throughout November and will be releasing them as they are interpreted.”
RDN’s Australian Stock Exchange-listed share price was trading at 0.8c today (12:16 pm UTC+ 8 hours).