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Raiden Resources Limited ( (AU:RDN) ) has shared an announcement.
Raiden Resources has identified new multi‑kilometre arsenic‑in‑soil trends in the southern and western areas of its Vuzel Gold Project in Bulgaria, greatly extending the footprint of geochemical anomalism beyond the previously drilled central zone. The anomalies, which are significantly more intense than those linked to known gold mineralisation, are associated with newly interpreted thrust faults and possible feeder structures similar to those already hosting gold at Vuzel.
The company has begun follow‑up programs to test whether these arsenic trends are gold‑bearing and is also progressing permitting over a historically defined silver anomaly on the project. Initial metallurgical testwork results, aimed at confirming a simple, gravity‑focused processing flowsheet, are expected soon, with management signalling that capital deployment at Vuzel will remain disciplined and focused on building project value for shareholders.
More about Raiden Resources Limited
Raiden Resources Limited is an Australia- and Europe-focused minerals explorer with projects in Australia and Bulgaria targeting lithium, gold, copper, nickel, platinum group elements and silver. The company is listed on the ASX and DAX and is advancing its Vuzel Gold Project in south-eastern Bulgaria, where it is exploring for gold and associated precious and base metals within structurally controlled systems.
Technical Sentiment Signal: Sell
Current Market Cap: A$13.8M
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