Significant nickel anomaly defined at Mt Sholl

A significant nickel anomaly has been defined at Raiden Resources’ (ASX: RDN) Mt Sholl project in the Pilbara region of WA.

First Quantum Minerals carried out an infill soil sampling program over the northern parts of Mt Sholl where previous work defined broad nickel in soil anomalism.

Raiden and First Quantum has a memorandum of understanding, with First Quantum sole funding all the base metal related activities at Mt Sholl.

This sampling defined a very high-grade nickel in soil anomaly that extends over several kilometres along a west-northwest trending corridor. A peak value of 1770ppm nickel was encountered with multiple anomalies.

Currently, the source of the nickel anomaly is unknown, however, it may be related to a potential volcanogenic massive sulphide system.

Raiden managing director Dusko Ljubojevic commented on the finding.

“The nickel-copper anomaly defined on the northern trend is characterised by exceptional nickel in soil values and this new prospect represents further upside to the Mt Sholl nickel-copper deposit,” he said.

“First Quantum Minerals, which is funding all base metal related work on the project, will be undertaking further target generation work on these defined prospects.”

First Quantum will undertake further field mapping and geophysical surveys may be conducted over the defined anomalies.