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Raiden hit Hemi-like at Pilbara gold campaign

16 March 2022 14:58
ASX: RDN

Raiden Resources has struck gold targeting ‘Hemi-style’ mineralisation made famous by the Hemi gold deposit 35 kilometres from its Arrow project near Port Hedland in Western Australia.

As the spot price of gold hits near-record, corresponding results from Arrow with the 6.8 million ounce site are a catalyst for restored interest in the district.

The company said the gold values sit where structural framework and numerous other intrusive targets remain untested.

“It was encouraging we intercepted gold in the exact environment we are targeting,” ” managing director Dusko Ljubojevic said.

“We will look to incorporate these results into follow up targeting work on all our defined targets through the project.

Raiden is preparing for drilling at the Vuzel gold project while finalising access agreements for its entire Mt Sholl battery trove.

The company is also awaiting final results from Arrow.

RDN’s Australian Stock Exchange-listed price was trading at 1.1c today

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