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Raiden Resources Limited ( (AU:RDN) ) has provided an update.
Raiden Resources Limited has announced an expansion of its Phase 2 drilling program at the Vuzel Gold Project in Bulgaria, increasing the planned drilling by 2,000 meters to a total of 4,000 meters. This decision follows consistent positive results from the ongoing drilling, which have shown near-surface gold mineralization across all reported holes. The expansion aims to extend the mineralized footprint and test high-priority targets within a 3-4 km anomalous corridor, with the potential to progress towards a maiden JORC resource and increase ownership to 90%.
More about Raiden Resources Limited
Raiden Resources Limited is a company involved in the exploration and development of mineral resources. The company focuses on a diverse portfolio of assets, including lithium, gold, copper, nickel, and platinum group elements in Australia, as well as copper, gold, and silver in Bulgaria.
YTD Price Performance: 36.36%
Technical Sentiment Signal: Sell
Current Market Cap: A$20.71M
Learn more about RDN stock on TipRanks’ Stock Analysis page.