RDN 0.00% 2.6¢ raiden resources limited

Why RDN ?

  1. 1,918 Posts.
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    As we all know, there are many companies who are HEMI 2.0 aspirants. Does RDN have a better chance than others?

    My first point is that RDN have progressed this acquisition relatively quickly. Novemeber last year it was announced the 75% acquisition and today we know this has been increased to 100%, aerials have been done and we await intial results.

    From previous surveys, the image below shows identified targets with "compelling similarities" to DEG discoveries.

    https://hotcopper.com.au/data/attachments/3141/3141681-e3599292021f35a289516eed8672026e.jpg

    Targeting Program Across Arrow Identifies Several Intrusions in the Folded Malina Formation Analogous to HemiNov 30, 2020 | NewsThe targets generated by Terra Resources provide further support of the Company’s belief that the Arrow project has the potential to host significant mineralisation. The targets identified in the exercise have compelling similarities to those of the Hemi deposit in particular, their geological and structural setting, where the mineralisation at Hemi is associated with intrusions within the fold axis and in association with the Berghaus fault. Read the full announcement...



    It would appear that a myriad of preliminary exploraion has been done on the two tenements in the above image. The latest will be focusing on the northern tenement.

    I am not an expert on exploration so I wonder what new information will be gleaned. Better technology?

    No doubt that the shears and faults that run S/W to N/E are the same shears and faults that run through to DEG

    https://hotcopper.com.au/data/attachments/3141/3141692-6adf3bf815a550d0b73c5d20c27f56dc.jpg
    This is a beautiful image. No doubt about it, RDN is on trend.

    We should know this week and with circa 3 M in the bank, a decent drilling campaign should be announced. RDN are intially focusing on the northen tenement, so I would assume there will be some decent metres, to depth.

    DEG are onto a monster find. RDN, the evidence shows, has a very good chance of being part of this success.
    Last edited by Hoodlum: 02/05/21
 
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