AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Raiden has identified a potential epithermal feeder structure at the Vuzel Gold Project.
- Assays are pending to confirm the grade and nature of the mineralisation.
- Assays from five new drill holes confirm consistent near-surface gold mineralisation.
- Recent drilling has intercepted gold mineralisation ~600m east of the last reported drill holes, significantly expanding the project's footprint.
- Phase 2 drilling program doubled to 4,000m to target additional high-potential zones.
Raiden Resources Limited (ASX:RDN, DAX:YM4) has announced an encouraging update from the ongoing 2025 Phase 2 diamond drilling campaign at the Vuzel Gold Project, located in south-eastern Bulgaria. A visually distinct zone has been intersected during drilling, currently interpreted as a potential epithermal feeder structure. Assay results are pending and will confirm the grade and nature of the mineralisation.
The identification of this potential epithermal feeder structure, combined with continued drilling success, further supports Raiden’s exploration model at Vuzel. Furthermore, the results support the belief that the project hosts an extensive, near-surface gold system with the potential of a high-grade component.
Phase 2 Drilling Program Update
Raiden has expanded its Phase 2 drilling program from 2,000m to 4,000m to further extend the mineralised footprint along strike and explore targets within the 3–4 km mineralised corridor. The expanded program also aims to refine targeting of additional epithermal feeder structures.
Assay results have now been received from five additional holes, all of which successfully intersected near-surface gold mineralisation. Notable intercepts include:
- Hole VZ2520: 19.6m at 0.54g/t Au from surface, including a higher-grade interval of 2.0m at 2.61g/t Au from 12m.
- Hole VZ2523: 4.1m at 1.25g/t Au from 78.6m, including 1.2m at 3.60g/t Au from 80.3m.
Notably, recent drilling has intersected gold mineralisation approximately 600m east of previously reported drill holes, significantly broadening the known mineralised zone at the project.
Plans Ahead
To better understand the orientation of the visually distinct zone intersected during drilling, Raiden Resources is currently relogging all drill core from the Vuzel project. This work is focused on identifying structural trends and their relationship to previously encountered high-grade gold intercepts. The objective is to determine whether multiple feeder zones are present within the system.
The company will continue to advance its expanded 4,000m Phase 2 drilling program to define the full extent of mineralisation across the broader 3–4 km anomalous corridor. A key focus is the identification and targeting of potential high-grade feeder structures. Results from this program will guide future drilling and exploration strategies.
If a viable mineral resource is confirmed, Raiden expects potential development synergies given Vuzel’s proximity to existing processing infrastructure and nearby deposits. The project shares geological similarities with Dundee Precious Metals' Ada Tepe deposit, located just 30 km away, and lies within 20 km of the Gorubso-Kardzhali gold processing facility.
Raiden believes that targeted follow-up exploration and the strategically planned Phase 2 drilling campaign at Vuzel present a compelling exploration opportunity.
RDN shares were trading at AUD 0.005 per share at the time of writing on 19 June 2025.
