Raiden Resources (ASX: RDN / DAX: YM4) Shares Surge on Promising Gold Intercepts at Vuzel Project

May 19, 2025 11:10 AM AEST | By Aditi Sarkar

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Raiden Resources (ASX: RDN / DAX: YM4) Shares Surge on Promising Gold Intercepts at Vuzel Project — Image source: Company Update

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Highlights

Raiden Resources has announced encouraging initial assay results from its 2025 Phase 2 drilling at the Vuzel Gold project.

All eight Phase 2 drillholes have intercepted near-surface gold mineralisation.

A peak intercept of 24g/t Au over 1.5m has been recorded.

Raiden has focused on defining mineralisation within a central 1.5km zone to guide future drilling.

Raiden Resources Limited (ASX: RDN / DAX: YM4) has announced initial assay results from its ongoing 2025 Phase 2 diamond drilling program at the Vuzel Gold Project in south-eastern Bulgaria.

All eight Phase 2 holes have hit near-surface gold, including high-grade intercepts in several intervals. To date, every Phase 1 & 2 drillhole has intercepted gold mineralisation with a peak value of 24g/t Au over 1.5m. The company believes these consistent results suggest that Vuzel may host an extensive, near-surface mineralised gold system with a high-grade component.

These latest results follow the company’s maiden drilling program, which also reported gold mineralisation in every hole.

Reflecting on the Phase 2 results, Mr. Dusko Ljubojevic, Managing Director of Raiden, said, “Phase 2 has notably yielded high-grade intercepts and greatly enhanced the company’s understanding of the structural controls that facilitated fluid emplacement. This advancing geological knowledge is anticipated to support more accurate targeting of high-grade zones in future drilling campaigns.”

“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. Furthermore, we believe that recent transactions in the region support management’s view that discoveries in the district hold the potential for significant value generation for shareholders. With drilling ongoing and further assays pending, I look forward to providing additional updates as results become available, " he further added.

The program now focuses on delineating the full extent of mineralisation within a 1.5km central zone, which will guide future drill planning. In parallel, Raiden aims to expand exploration across a broader 3-4km strike zone marked by anomalous gold values.

RDN shares soar

Following the announcement, RDN shares jumped 75% to trade at AUD 0.007 at the time of writing on 19 May 2025.

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