now we have all seen what MLS has done on its zinc drilling, reaching $20m cap, price ran from 0.3c to 1.5/1.6c in just one month. it bodes well for TKM and its high grade zinc drilling program.
after $500k placement, about 156m on issue @4.5c = $7m cap with about $1.3m cash
very similar drilling program to MLS's in that it's drilling into known mineralization, ie just twinning and extending the old holes.
Drill plan designed to confirm the historical work completed by the French Geological Survey (BRGM) during the 1960’s – 1980’s
Better intersections historically include –
2.3m @ 21.2% Zn+Pb from 0.9m
8.3m @ 7.8% Zn+Pb from 13.6m and
7.0m @ 8.2% from 9.4m
but whats special though, which makes me drooling myself wet already
Assaying of core by the BRGM was highly selective due to the high cost of analysis and transport back to France at the time. Only obviously mineralised (clearly visible galena – lead sulphide) core was sent for analysis, limiting defined and quantified mineralisation to these intersections. Sphalerite (zinc sulphide) is not always easy to identify in hand specimen and zinc rich core may not have been sent for assay. Further, BRGM limited their drill program to shallow holes (average depth of 16m) with numerous holes ending in mineralisation.
the french only drilled to 16m! and numerous holes ending in mineralisation!
we are drilling 50m average each hole. so hopefully some even bigger wider intercepts!
fingers crossed and have fun buying. LOL
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Mkt cap ! $20.02M |
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
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