RDN’s neighbours at Mt Sholl namely GRE up 32% and ARV up 22% on Friday.
GRE’s Qrtly on 31/10. in part states:-
“Preparations have been completed to enable the commencement of a maiden drilling program. The initial program will be a core drilling program of approximately 1,000m aimed at providing subsurface information on the dip and thickness of the pegmatite package which will be used to plan a follow-on broader RC drill program. The program will commence at the Osborne southern cluster of pegmatites in early November.”
GRE have discovered pegmatites at their 100% owned Kobe prospect but interestingly have chosen to commence drilling at Osborne which is part of a JV with Artemis.(GRE 51%/ARV49%).
Importantly for Raiden the area is adjacent to our Northern Mt Sholl tenement (application) which the company has already stated contains outcropping pegmatites.
I imagine the information when released by GRE regarding the dip, grades and thickness of their pegmatites will provide valuable info to RDN re the prospects or otherwise of our Mt Sholl tenements.
Interesting and hopefully exciting times ahead for all Raiden shareholders.
GLTA.
Jim.
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