- Raiden Resources (RDN) completes phase one drilling at its Arrow North gold project in the Pilbara region in Western Australia
- The Australian mineral exploration company drilled 39 reverse circulation holes at the project totalling 4,856 metres
- The company says it has started pre-drill work on its Vuzel gold project in Bulgaria
- It also hopes to start drilling at its Mt Sholl base metals project in WA in the second quarter 2022
- RDN shares last traded at 1.8 cents
Raiden Resources (RDN) has completed a maiden drilling program at its Arrow North gold project in Western Australia’s Pilbara region.
The company put down 39 reverse circulation (RC) holes for an aggregate drilling coverage of 4,856 metres.
Raiden said it expects to receive laboratory results for Arrow North within four to six weeks.
When drilling recommenced in early January, the focus of the phase-one RC drill program shifted to the discrete targets in the northern part of the project area.
The company said a recent high resolution aeromagnetic survey identified magnetic responses in the northern sector that were indicative of small volume and linear Indee Suite intrusions in a setting analogous to De Grey Mining’s (DEG) Hemi gold discovery.
The targets were covered by aeolian, transported sands and Raiden said the assay results from the scout drilling of these targets were eagerly awaited.
Raiden has also started pre-drill work in preparation for a maiden round of drilling at its Vuzel gold project in Bulgaria and planning for a maiden drill campaign at its Mt Sholl base metals project in WA.
RDN shares last traded at 1.8 cents.