- Raiden Resources (RDN) begins its maiden reverse circulation (RC) drilling program at its Arrow North Project in Western Australia
- A total of 5000 metres of RC drilling will be undertaken to targer Hemi-style gold mineralisation
- Raiden will also target seven discrete targets in the northern part of the project, where a recent aeromagnetic survey identified magnetic responses
- Once received, the results will be used to refine targets for follow-up drill programs
- Shares in Raiden are up 4.35 per cent and are trading at 2.4 cents
Raiden Resources (RDN) has begun its maiden reverse circulation (RC) drilling program at its Arrow North Project in Western Australia.
The Arrow Project lies 110 kilometres southwest of Port Hedland and consists of two exploration licences covering an area of 377 square kilometres.
Additionally, it lies roughly 35 kilometres along strike from De Grey Mining’s (DEG) prolific Hemi deposit.
A total of 5000 metres of RC drilling will be undertaken to target Hemi-style gold mineralisation.
Raiden will also target seven discrete targets in the northern part of the project, where a recent aeromagnetic survey identified magnetic responses.
Once received, the results will be used to refine targets for follow-up drill programs.
Managing Director Dusko Ljubojevic commented on the drilling program.
“This initial 5000-metre drill program will focus on several defined prospects in the northern part of the project area, where the magnetic targets are associated with gold and multi-element geochemical anomalies and outcropping alteration,” Mr Ljubojevic said.
“Significantly, this initial campaign will test a major structure, and some of the magnetic anomalies defined along this trend.
“Additional targets, subject to field checking and heritage survey requirements, are under review for the 2022 drilling season.”
Shares in Raiden were up 4.35 per cent and were trading at 2.4 cents at 1:11 pm AEDT.