Raiden Resources has announced the results of a soil sampling program for the Mt Sholl North Project which have defined a number of lithium soil anomalies.
In order to evaluate the potential for lithium-bearing pegmatites on the northern parts of the Mt Sholl project, which is considered the most prospective, the company executed a soil sampling program over the tenement during October 2023. The samples were analysed for the full suite of LCT elements, as well as other elements.
The objective of the program was to assist in defining the most prospective areas of the project, as well as provide insight into the potential zoning of the mineralised system, define the direction and location of the potential source granites and highlight any structural trends which may act as hosts for mineralised pegmatites.
While a significant part of the Mt Sholl project is outcropping, certain parts of the project area are obscured by transported cover making soil sampling an integral exploration tool for the area.
On the basis of the results to date, several distinct geochemical trends have been defined. A +30ppm lithium soil trend in the central western part of the permit area extends along a 3.5km east-west trending corridor, with peak values of 138.5ppm lithium.
The strike of the trend aligns with GreenTech Metals’ released lithium-in-soil anomalies, positive rock sampling, and its recently announced intersection of pegmatites in drilling. The highest values are in the western part of the project area.
A +50ppm lithium soil anomaly in the southern part of the licence extends over a 2.5km strike extent, with a peak value of 187.5ppm lithium. This trend does not seem to be associated with any of the known anomalies/trends in the district and is a new target area which Raiden will evaluate through upcoming programs.
Raiden Resources’ Managing Director, Dusko Ljubojevic, said that the fact that the anomalies are within the same district and along strike from a recent pegmatite discovery on the adjoining property provides further encouragement that the anomalies may be associated with a mineralised system.
“We plan to initiate a detailed follow up work campaign in order to refine the anomalous trends and hopefully define drill targets on the Mt Sholl lithium project.
“Over the past several months, the company has been undertaking targeting work over multiple properties and we are very pleased that the work is yielding positive results that will hopefully lead to multiple drill programs.”