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Raiden hit Hemi-like at Pilbara gold campaign

16 March 2022
ASX: RDN
Jack Baker

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

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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