Join our daily newsletter At The Bell to receive exclusive market insights
- Raiden Resources has defined a large, multi-element geochemical anomaly on the Zupa Project
- The anomalous trend is supported by elevated zinc, lead and copper
- This zone extends over a 6.5 kilometre strike length
- The Western Zupa anomaly may represent a new skarn target
- Raiden is planning an upcoming drill program
Raiden Resources has received results from a maiden geochemical survey over its Zupa Project in Serbia.
Raiden conducted a detailed soil sampling campaign on the western periphery of the Zupa licence. Over 1200 samples were collected on a systematic spacing that ranges from 100×100 metres to 200×200 metres.
Results from this survey have shown it has defined a large, geochemical multi-element anomaly. The anomaly is defined by a zone of elevated zinc, lead and copper trends.
“The Western Zupa anomaly is another addition to a growing list of well defined and significant size anomalies, which the Company has defined in a relatively short time frame,” Managing Director Dusko Ljubojevic said.
Raiden’s objective was to define large-scale targets that could potentially be prospective for large deposits.
The soil samples were analysed with a portable, cost-effective Olympus XRF device in a controlled field laboratory setting. The defined anomaly spans 6.5 kilometres along the south-western portion of Zupa.
The company believes the soil anomalies are associated with a northwest-southeast trending structural corridor and the andesite limestone contact. This represents a potentially favourable structural location however Raiden will need to investigate this further.
“The Company will continue with the target generation work, with the aim of drill testing the most promising targets within the following six to twelve months,” Dusko said.
The upcoming program will include the analysis of samples which define the prospective trend to determine gold values, a magnetic survey to assist with mapping structural zones and magnetite bearing intrusives. Additional mapping and trenching will take place to define targets for drilling.
