RDN 0.00% 3.5¢ raiden resources limited

Ann: Heritage survey secured for Andover North Project, page-55

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,441 Posts.
    lightbulb Created with Sketch. 1587
    MiningLithium
    https://unauthorised investment advice/wp-content/uploads/2024/03/survey-rocks-640x359.jpg
    Raiden’s Andover North heritage survey will kick off on 2 April once the Andover South survey has been completed. Pic via Getty Images
    Raiden Resources secures heritage survey over what looks to be the same host rocks as Azure’s tenure
    Mining
    56 minutes ago | Special Report


    share

    • Raiden Resources has locked in a heritage survey over the Andover North project
    • The survey will focus on areas interpreted to be underlain by the Andover complex ultramafic rocks
    • Once completed, aircore drilling will begin

    Special Report: A heritage survey at Raiden’s Andover North project will begin on April 2, focusing on areas interpreted to be underlaid by the Andover ultramafic complex, a host unit for pegmatite mineralisation.
    Raiden Resources (ASX:RDN) believes high prospectivity exists for pegmatites across its Andover North project in WA’s Pilbara based on interpretation of historical and more recently available datasets.
    It is also based on the understanding that the rocks underlying Raiden’s landholding exhibit a consistent magnetic signature that shows the Andover complex to be a much larger area than previously mapped.
    The Andover ultramafic complex is a highly prospective unit for pegmatite mineralisation and hosts Azure Minerals (ASX:AZS) Andover discovery which now boasts an exploration target of 100-240Mt at 1-1.5% Li2O.

    Broad project drilling to follow suit

    Now that it has secured an archaeological and anthropological heritage survey with the Ngarluma Aboriginal Corporation (NAC), RDN is planning to drill test the defined, high grade pegmatites with RC or diamond drilling on Andover South Project once the Andover South survey has been completed.
    An aircore drilling campaign will be initiated on Andover North project as well in order to define potential pegmatite targets for further drill testing.
    “We are very pleased to have now secured heritage surveys over both the Andover North and Andover South projects,” RDN managing director Dusko Ljubojevic says.
    “The Andover North project survey will be conducted immediately after the Andover South survey, allowing the company to begin with targeting work on Andover North, which may hopefully lead into a broader drilling campaign across all the Andover projects.”

    What’s next?

    RDN hopes its targeted aircore drilling campaign will help define potential pegmatites for follow-up diamond or RC campaigns on Andover North project which will hopefully generate the same targets as defined on Andover South project.
 
watchlist Created with Sketch. Add RDN (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.000(0.00%)
Mkt cap ! $109.7M
Open High Low Value Volume
3.5¢ 3.6¢ 3.4¢ $1.803M 51.64M

Buyers (Bids)

No. Vol. Price($)
8 4366065 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 782418 7
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
RDN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.