Announcement Date: 2022-07-06
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Raiden Resources Ltd.
Project name: Vuzel
Location: Bulgaria
Commodities: Gold
Highlight: Drilling results incl. 17m @ 1.13g/t Au from 1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Raiden Resources Limited (ASX: RDN) (“Raiden” or “the Company”) is pleased to report the results of the maiden diamond drilling program on the Vuzel gold project in south-eastern Bulgaria. A program of eleven oriented diamond drill holes, comprising a total length of 1,594.8 metres, was completed at the beginning of June 2022. The program targeted a previously undrilled and underexplored area within the central part of the Vuzel Project (see Figure 1). All eleven discovery drillholes have intersected significant and highly encouraging gold mineralisation, defined over a 500m strike length of near-surface gold mineralisation, which remains open along strike both east and west of the current drilling. Significant results from this round of drilling in the recently named central part of the Vuzel Au Prospective Zone included This was the first drill campaign in the core of the target area, which extends over several kilometres and is characterised by broad gold mineralisation, including high grade sections defined through historical channel/rock chip sampling1 . Previous explorers had not drill tested the central segment of the target area and this was the first campaign which achieved permitted access into, what the Company believes to be, the most prospective zones.
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