Raiden Resources (ASX:RDN, DAX:YM4) Expands Drilling Campaign at Vuzel Gold Project

June 02, 2025 05:54 PM PDT | By Sonal Goyal

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Raiden Resources (ASX:RDN, DAX:YM4) Expands Drilling Campaign at Vuzel Gold Project — Image source: Company Update

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Highlights

Raiden Resources has expanded the ongoing Phase 2 drill program at the Vuzel Gold Project by an additional 2,000m.

The total planned drilling at Vuzel now stands at 4,000m.

The decision follows consistent exploration success, with all holes drilled to date confirming near-surface gold mineralisation.

The program aims to extend the mineralised footprint and test additional high-priority targets.

Raiden Resources Limited (ASX:RDN, DAX:YM4) has announced a significant expansion of its Phase 2 drilling campaign at the Vuzel Gold Project in south-eastern Bulgaria. The company will add an additional 2,000m of diamond drilling to the ongoing program, increasing the total to 4,000m.

The expanded program aims to further extend the mineralised zone along strike and test additional high-priority targets within a broader 3–4 km anomalous corridor across the project area.

The decision to expand follows consistent success from both the maiden and Phase 2 drilling programs, which have confirmed widespread, near-surface gold mineralisation across broad intercepts. Notably, every hole drilled at the Vuzel Project to date has intersected near-surface gold mineralisation.

Significant Drilling Results

Key drilling results from the Vuzel Gold Project include:

Hole VZ2517: 24.8m at 1.96 g/t Au from surface, including 13.3m at 3.40 g/t Au from 0.0m
Hole VZ2514: 56.0m at 1.09 g/t Au from 0.0m, including 8.0m at 1.50 g/t Au from 7.0m and 8.3m at 4.94 g/t Au from 47.7m
Hole VZ2412: 47.5m at 0.53 g/t Au from 2.5m
Hole VZ2515: 22.0m at 0.36 g/t Au from 0.0m and 23.2m at 0.57 g/t Au from 71.0m, including 6.5m at 1.44 g/t Au from 81.0m
Hole VZ2516: 21.4m at 0.40 g/t Au from 2.1m
Hole VZ2518: 14.5m at 0.45 g/t Au from 0.0m and 25.6m at 0.67 g/t Au from 60.0m, including 4.5m at 1.04 g/t Au from 4.5m and 10.9m at 1.23 g/t Au from 74.7m

These intercepts, together with results from the maiden drill program, support the company’s interpretation that the Vuzel project hosts a potentially large-scale, near-surface epithermal gold system. The mineralisation appears to be hosted within sub-horizontal sedimentary units and vertical to sub-vertical feeder structures. The favourable geological geometry and shallow depth of the mineralisation makes the project particularly well-suited for cost-effective exploration.

Further drilling results are expected in the coming weeks.

Strategic Importance of the Vuzel Project

RDN recently secured a 75% ownership stake in the project after meeting key investment criteria and holds a pathway to increasing its ownership to 90% upon the definition of a JORC-compliant gold resource.

Situated near third-party gold processing infrastructure and in proximity to recent regional merger and acquisition activity, such as the USD 59 million Rozino acquisition, Vuzel is rapidly emerging as a strategically important asset within Raiden’s portfolio.

RDN shares trade higher

RDN shares traded at AUD 0.006 per share, up over 8%, at the time of writing on 3 June 2025.

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