Ann: Andover South Drilling Update, page-114

Maverick,

Actually zones 3 and 4 were mentioned to the sophs in the term sheet

"Updates on drilling and assay results for Andover South Target 1 and potential to expand program into zone 7,2,3, and 4"

Zone 3 will most likely be an eastern extension of zone 1.

I would say there is soils between zone 1 and 3 for the initial mapping having them separate.

When drilling zone 1, they most likely have followed trend under soils, hence continuing into zone 3.

If strike extends through, it will curve towards azures zone 3.

Azure is tracking zone 3, more sw than initial zone indicated.

From azures side that is good and from raidens side also good.

It potential means azures strikes converge into raidens. Ie sw trend apposed to a more westerly, south trend.

Bit early to be 100% on that

Raidens zone 4. Early, but could represent a parallel stacked system to zone 3.

Zone 7, its trend is NW. Potentially is because it runs on a different fault.

I see drilling zones 3, 4 as bullish because they most likely are the eastern portions of zones 1 and 2.

Even if a major discovery is had, it can not be announced until Lab verified assays are received.

So what is happening is correct.

We know 2240m has been batched to labs, with a total of 3500m drilled.

1260m since the batched sent. As two rigs are operating. Approx 140m a day, if around 2000m is batched, a second batch should be sent to the labs mid next week.

Depending when the first batch was send, I'd think probably when the next 1260m started.

If labs are on time, we may see results end next week.

The average length of drills is 186m.

As drilled across the system, total depth on 186m would, be around 120m deep.

Not all holes will average 186m long, meaning longer holes where drilled under shorter holes, potentially intersecting stacked lodes.

There present in abundance at azure.

In a nut shell, raiden most likely drills zones 3, 4 because zone 1 is open to its east.

Today's release really provided little, other than zones expanded and 1260m more drilled after first batch sent to labs.

To the detractors, remember exploration is a multi year event, and raiden is just over 5 weeks in, on what counts.

Also another possibility on zones 3,4 if raiden does not drill them, we never know there potential.

If Rinehart moves, that would be a shame.

If azure followers there zone 3 and it goes to there boundary. They got a problem with there own resource being open into someone else's lease.

If that occurs, raiden will be taken over I believe, hense why raiden boosted campaign to cover as much as they can.

With raidens potential added to azure, the area may have over 200m tonnes of ore.

If Li goes under soils in the north and south, potential is far greater.