Highlights
- Field observations confirm visual spodumene mineralisation in outcropping pegmatites at
- Project is located in proven lithium-pegmatite district with defined lithium bearing pegmatites hosted in the district and on the
- Project geology and setting considered highly prospective for LiCs-Ta mineralisation, with historical results confirming presence of lithium bearing pegmatites on the Arrow project
- Additional samples have been collected and will be submitted for further XRD analysis to confirm Spodumene mineralisation
- Soil sampling analysis is pending and full data results are anticipated in the near term
- Raiden entered into an agreement with
Mr
Mapping program
The 100% owned Arrow project (E47/3476 and E47/3478) totals 223km2. Historic exploration in the area has identified fertile and fractionated granitic intrusions, which may produce mineralised Li-Cs-Ta ("LCT") bearing pegmatites. Historic rock sampling and field observations confirmed that the Satirist Granite is the likely source of LCT bearing pegmatites within the district.
The ongoing field reconnaissance, mapping and sampling program focussed on areas of interest identified from satellite analysis by external consultants
As a result, the teams have visually identified spodumene crystals within several rock samples collected from outcropping pegmatites located in the western area of Arrow North (E47/3476), which is situated directly to the north of
Further indication of potential Spodumene mineralisation was provided by the fluorescence test of samples under Ultraviolet ("UV") light. Spodumene mineralisation may fluoresce (usually pink), under UV light and is a commonly used field technique to evaluate for the presence of Spodumene mineralisation. The images in Figure 4* show several of the rock samples, both under a UV light and natural light conditions for comparison indicating potential Spodumene mineralisation.
In order to further the understanding of the mineralogy on
Soil Sampling
The Company has submitted all the soil sample pulps (collected during the maiden sampling program on the Arrow project and which was evaluating the gold potential of the project), for re-analysis for the LCT suite of minerals. Management believe that the pegmatites on the Arrow project may be obscured by a sediment cover and the soil sampling results will hopefully define target areas with elevated LCT geochemical responses for further follow up.
About the
The project lies within the folded and faulted siliciclastic, volcaniclastics and mafic sills of the
The Company owns 100% of the two tenements, but the Li-Cs-Ta rights are currently owned by
Raiden also has the exclusive option, at it sole discretion, to acquire an immediate 100% interest in the Li-Cs-Ta rights (Upfront Option) during the upfront option Period, subject to the satisfaction of the Upfront Option Conditions.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/Q60PFN5Y
About
Contact:
Managing Director
dusko@raidenresources.com.au
www.raidenresources.com.au
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