Raiden Resources Limited (ASX:RDN / DAX:YM4) is a gold and copper exploration and development company with assets in Eastern Europe and Australia. Raiden owns premium porphyry and high-grade epithermal deposits of Copper-Gold in the Western Tethyan Belt of Serbia and Bulgaria, besides holding gold deposits in the Pilbara region of Western Australia.
Raiden operates four gold projects in the Pilbara region- Arrow, Yandicoogina, Mt Sholl and Boodalyerrie. The Company is the sole operator of all four tenements. The historical drilling data indicates a potential of high-grade gold mineralisation on the tenements, and the Company is moving aggressively to unlock the values of the assets.
In Eastern Europe, Raiden holds tier 1 mineral deposits on the Tethyan Belt, stretching from Bulgaria to Serbia. In Bulgaria, the Company operates – Vuzel, Kalabak, Zlatusha and BG1 projects. The Company also holds the largest landholding in the Western Srednogorie district. The landholding is highly prospective.
Raiden holds four tenements in Serbia- Majdanpek West, Tolisnica & Stanca, Zupa and Donje Nevlje. Raiden is actively pursuing further acquisitions across the prospective belts of Western Tethyan.
Raiden holds strategic landholdings in a globally significant gold province. The Tethyan Belt is among the trending exploration regions where the company owns a large ground footprint. The Tethyan Belt is considered to be underexplored with potential for major breakthroughs. The projects in Serbia and Bulgaria are endowed with a good quality infrastructure. Also, the mining laws and regulations there are fairly favourable to the mining companies.