RDN 5.41% 3.5¢ raiden resources limited

I like this quote from todays announcement. “Eight drill rigs...

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    I like this quote from todays announcement.

    “Eight drill rigs are currently operating at TA3 to continue extensional drilling to define the extents of the mineralised pegmatites and infill drilling to provide sufficient density to support the maiden MRE.”

    From previous announcements they say that Pegs 3 & 4 at TA3 currently have a strike of 1,700m and a down-dip of 700m (35 degrees dip to the NW, 400m vertical depth. Pegs at TA3 remain open at depth and along strike to the NE & SW.
    Interestingly the Exploration Target defined for TA3 (25mt - 75mt @ 1%-1.5%) only included the mapped pegmatites in the area and only to a down-dip extent of 300m.
    The Eastern extent of pegs 3&4 has since been extended by 600m to the East as the surface expression was blind due to <5m thin cover.
    It’s quite possible that TA 3 (the closest to RDN’s Andover STH blocks will end up as the biggest deposit of the 3 target areas and the 1st area to be mined eventually as it appears it will be longer and more extensive, with a higher grade and shallower than targets 1&2.
    Time will tell.

    Nearology blah,blah,blah, so when results are not good like the GRE announcement today it’s relevant but when a good announcement drops from AZS it’s not relevant.
    Go figure.
    AIMO.

    Jim.
 
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