Raiden Resources Limited (ASX: RDN) has commenced drilling its inaugural 5,000m Reverse Circulation (RC) drill programme at the Arrow Prroject in Western Australia’s Pilbara.
Managing Director, Dusko Ljubojevic, said the initial 5,000m drill programme will focus on several defined prospects in the northern part of the project area, where the magnetic targets are associated with gold and multi-element geochemical anomalies and outcropping alteration.
“The programme will test a 3km trend, as well as, several Indee Suite intrusions on the northern periphery of the license area.
“Significantly, this initial campaign will test a major structure, and some of the magnetic anomalies defined along this trend.
“Additional targets, subject to field checking and heritage survey requirements, are under review for the 2022 drilling season.”
The Arrow North Project is located approximately 35 km to the south-east, and along strike from De Grey Mining’s Hemi 6.8Moz gold deposit. where small volume and linear Indee Suite intrusions are intimately associated with gold mineralisation.
The gold at Hemi is located in and around these bodies within northeast-southwest striking shear zones adjacent to a larger Indee Suite stock.
Targeting at Arrow has been based on identifying the intrusions, host structures and products of hydrothermal alteration within a similar geological environment to the Hemi deposit.
Raiden’s recent exploration activities have produced 40 exploration targets through Integration, interpretation and ground checking of all historic and Company acquired data at the 100% owned Arrow North Project (E47/3476) in the Pilbara region of Western Australia.
These targets where the initial drill programmr is focussed, are defined by a zone of hydrothermally altered metasediments and associated Indee quartz diorite intrusions. The target zone is coincident with a series of northeast-southwest striking shear zones adjacent to the larger Indee Suite Peawah Granodiorite.
Along this trend soil sampling also defined a number of discrete multi-element anomalies (Au-As-Sb). The target zone and associated anomalism is within a structural setting, which is comparable to the setting associated with De Grey Mining’s Hemi deposit.
Raiden is also targeting seven discrete targets in the northern part of the project area, where the recent high resolution aeromagnetic survey of the Arrow North Project area identified magnetic responses, which are indicative of small volume and linear Indee Suite intrusions in a setting analogous to Hemi. These targets are covered by aeolian, transported sands and the scout drilling of these targets will aim to define the geological characteristics of the intrusives and potential mineralisation associated with them.
The initial drill results and information will be used in refining targeting in this area in the follow-up drill programs. Raiden’s work has also identified further, large soil multi-element geochemical (Au-As-Sb) anomalies in the central and southern parts of the project area, which are coincident with both the modelled small volume intrusive rocks and significant structure corridors.
The existing soil geochemical sampling grid throughout this area is relatively coarse (400 x 100 metres), and the company plans to infill this soil geochemical grid with the aim of refining the anomalies, prior to planning a permit wide drill campaign across the remaining key targets.
For further information please visit: https://raidenresources.com.au/
