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Raiden receive heritage approval for gold project

19 November 2021
ASX: RDN
Jack Baker

Drilling for gold will commence at the Pilbara based Arrow North project, well-positioned for targeting Hemi-style gold mineralisation lies just 35 kilometres to the southeast and along strike of the famed 6.8-million-ounce deposit.  

Preparation of the campsite and drill pad is well underway, with the drill rig expected to arrive on-site next week.  

While Raiden believed the tenement was in an undetermined area, it has prioritised long-term relationships by thoroughly investigating all potential of a claim.  

The company thanked the traditional owner families, particularly the Lockyear and Gordon families, and the wider Kurlarnunya Tjinipi group for assistance on the survey.  

“It is important to acknowledge the traditional owners and the history of this land,” chairman Michael Davy said.  

“To ensure that all stakeholders are involved in these processes form a solid foundation for what should be a long-standing relationship between the parties.  

“We look forward to the commencement of the drilling campaign, which is expected to commence in the last week of November.”  

Other projects  

Raiden announced the discovery of a vast critical mineral target earlier this week at its Mt Sholl project near Karratha. 

RDN’s Australian Stock Exchange-listed price has risen over 8.33 per cent today, currently trading at 2.6c (8:30 am UTC+8) 

COMPANY OVERVIEW

Raiden Resources (ASX:RDN / DAX:YM4) is a dual ASX/DAX listed copper-gold exploration company which controls a strategic portfolio of projects prospective for porphyry, epithermal and orogenic styles of copper and gold mineralisation. The Company has a significant footprint in the underexplored & mineral endowed Western Tethyan Copper-Gold belt in Serbia and Bulgaria, as well as, a large portfolio of Gold projects in the emerging Pilbara gold camp in Western Australia.

COMPANY INFORMATION

ASX: RDN

Website

https://raidenresources.com.au/
https://www2.asx.com.au/markets/company/rdn

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