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Short Term Trading Weekend Lounge: 7-9 Dec, page-40

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    3 September 2018FIELD PROGRAM COMMENCES ON DONJE NEVLJE JV PROJECTHIGHLIGHTS


     Field activities on the Donje Nevlje Project, which is subject to the Joint Venture withRio Tinto have commenced with mapping and sampling of key target areas


     Rio Tinto continues to compile and analyse historical work conducted on Donje Nevljeby previous explorers


     Previous mapping by government and historic magnetic survey at Donje Nevljesuggests the permit may host comparable geology to the Timok Magmatic Complex,which is a world class copper-gold districtRaiden Resources Limited (ASX: RDN) (‘Raiden’ or the ‘Company’) is pleased to announcethe commencement of field activities on the Donje Nevlje Project.The Donje Nevlje Project is subject to the Joint Venture with Rio Tinto and covers a 74km2area. Rio Tinto has commenced the analyses of results from historical work conducted onDonje Nevlje by previous explorers. The historical datasets, in combination with mappingand sampling will be used to assist in the evaluation and target definition on the project,which is considered prospective for porphyry and epithermal style of mineralisation.In the 1960’s the Nis branch of Yugoslav Geological Survey, together with GeologicalDepartment of the Copper Institute in Bor, recommenced mineral exploration in the DonjeNevlje area. This work concluded that the lithologies and stratigraphical sequence areconsistent with those in the Timok Magmatic Complex, which is located about 125km to thenorthwest and is the host to important copper and gold deposits at Bor and Majdanpek.Despite the prospective geologic setting and historically defined targets, the project area hasnot been explored sufficiently and no drilling activity has taken place on the project sinceYugoslav State agencies executed 2 scout drill holes, both of which returned anomalousresults, in the 1960’s.



    06/12/20180.0100.0120.0090.00910,657,644
    105/12/20180.0090.0090.0090.0091,402,583
    204/12/20180.0000.0000.0000.0090
    303/12/20180.0090.0090.0080.0091,900,888

 
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