Raiden Resources Limited has completed the review of historical exploration data and has commenced with a geophysical program to advance target definition on the two main anomalies aEUR” Gradiste and Aldinac, at its Stara Planina project.
In addition, RDN is engaging a drilling service provider to plan the maiden drill campaign due to kick off after completion of the geophysical survey.
The company’s review of historical data helped it arrive at two large, continuous, multi-element soil anomalies within their exploration permit, with a combined strike length of 3km. This data indicated high grade copper and gold mineralisation occurring within the zones of interest. RDN executed IP surveys at the project last year, which identified chargeability and resistivity anomalies coincident with the geochemical anomalies identified aEUR” which led to the current IP geophysics program to further define these targets.
The Stara Planina exploration permit is 30km south of the Timok District, which is considered to be a world class copper-gold district, within the Tethyan belt in Serbia.
The project covers an inlier of Palaeozoic gabbro intruded by Permo-Carboniferous granodiorite and is 60km south of the globally significant Bor copper-gold mining complex and smelter. RDN’s permit area contains known vein-type bismuth-copper-gold-antimony mineralisation in the Gradiste area including the Alin Do mine, which was abandoned in the late 1940s.
To date, RDN has defined two target areas within the permit, Gradiste and Aldinac.
These are both defined by large and robust, multi-element geochemical anomalies; high grade rock samples, high grade trench results and IP chargeability and resistivity anomalies. Several of these factors could potentially indicate the presence of disseminated and massive sulphides at depth.
Using IP surveys, RDN have been able to target blind sulphide and silica alteration zones at depth.
RDN will conduct a reconnaissance field review and prospecting of the main target areas, including evaluation of structural setting, sampling of outcropping mineralisation and follow up on anomalous zones defined by the previous explorers is currently under way.
Terratech geophysical service providers have been contracted and have commenced an IP geophysical program. This program will expand on the IP anomalies defined during the 2017 survey.
Terratech have also commenced with a preliminary ground magnetic survey over the Gradiste and Aldinac anomalies.
On completion and interpretation of the geophysical surveys the company plans to initiate the maiden drilling program on the key target areas.