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Uncategorized · 7 February 2019

Donje Nevlje

Project highlights

Dominated by Cretaceous age volcano sedimentary sequences which are analogous to the geology within the Timok Magmatic Complex, which is a world class copper-gold district located along the same structural trend

Government agencies have defined zones of anomalism consistent with porphyry style mineralisation

Well-developed infrastructure with rail, water and power available within the license area

Ownership

100% Raiden Resources

Status

License granted

Permit Size

74Km2

Targets

Porphyry / Epithermal and Skarn mineralisation

Rio Tinto Joint Venture Agreement

In March 2018, the company announced that it had entered into a Joint Venture Agreement wiht Rio Tinto Mining and Exploration limited with respect to the Donje Nevlje project. For further information please refer to Raiden Resources’ press release.

The Donje Nevlje project is located in the southeast of Serbia, with the Donje Nevlje project bounded by the administrative border with Bulgaria.

Dimitrovgrad is the nearest town to Donje Nevlje project area, and it is about 360km from Belgrade by highway to Nis and main road to Dimitrovgrad. From Dimitrovgrad there are several small roads and forest tracks, into the project area, all of which can be readily negotiated with a 4-wheel drive vehicle. The main railway line from Serbia to Bulgaria (Nis to Sofia) passes through Dimitrovgrad, and is served by passenger as well as freight trains.

Donje Nevlje Geology

The geology of the Donje Nevlje licence represents the southern extension of the Bor Metallogenic Zone and comprises similar Cretaceous volcanic and sub-volcanic lithologies, with younger Cretaceous clastic sedimentary rocks and limestones. The Donje Nevlje project is approximately 125km southeast of the productive Timok Magmatic Complex, which is host to the Bor and Majdanpek districts of copper-gold mineralization.

Geological mapping and exploration in the 1960’s confirmed the compatibility of the stratigraphy and lithologies, primarily andesite volcanics and pyroclastics of Upper Cretaceous age, with those of the Timok Magmatic Complex The project was therefore considered perspective for porphyry, epithermal, and skarn copper-gold mineralization (Csongradi, 2012).

Figure 3 –Outcropping sample from the Donje Nevlje project. Malachite and Azurite mineralization on fracture surfaces in porphyritic Andesite.

Filed Under: Uncategorized

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