Raiden Resources hits near-surface gold across multiple targets at Vuzel project in Bulgaria

Raiden Resources (ASX: RDN) has hit gold in all eight new holes at its Vuzel project, further confirming widespread mineralisation at the Bulgarian operation.

Initial assay results received from the ongoing 2025 Phase 2 diamond drilling program at Vuzel have identified near-surface gold and high-grade intercepts in a number of intervals.

To date, the company has completed 12 drill holes, with the first eight targeting infill and an extension of the mineralisation it identified in a 2022 drilling program.

Geological insight

“These results build on the strong foundation of our maiden drilling program, which also intersected gold mineralisation in every hole,” managing director Dusko Ljubojevic said.

“Importantly, this phase has delivered high-grade intercepts and has significantly improved our understanding of the controlling structures that acted as conduits for fluid emplacement.”

The company expects this growing geological insight will enable it to target high-grade zones more precisely in future drilling.

DD program

Raiden commenced the current 2,000-metre DD program in March as part of a campaign to deepen its understanding of the mineralised system and refine future exploration and resource development strategies.

Initial drilling focused on areas in proximity to historical drill holes before progressing into previously untested zones to the east and west along strike, targeting extensions to known mineralisation and aiming to significantly expand the project’s scale.

The results of the current program will guide future drill planning, which may also potentially provide further guidance on orientations and targeting of the high-grade feeder structures within the sedimentary package.

Prospective strike

In parallel, the company plans to investigate and undertake targeting across the entire prospective strike, which is between 3 kilometres and 4km in length and defined by anomalous gold.

The zone remains open along strike both east and west and to the north and south, offering strong future exploration upside.

“The results continue to validate our exploration model and reinforce our geological understanding of the Vuzel gold project, strengthening our view that it represents a strategically significant asset within the company’s portfolio,” Mr Ljubojevic said.