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Highlights
- Induced Polarisation (IP) survey has outlined multiple untested structural trends and new resistivity and chargeability anomalies at the Vuzel Gold Project.
- Latest batch of assay results have confirmed consistent near-surface gold mineralisation.
- Significant intercepts include 5.6m @ 1.08 g/t Au from 18.4m, 3.6m @ 2.09 g/t Au from 4.0m, and 4.2m @ 1.12 g/t Au from 12.6m.
- To date, across Vuzel’s maiden, Phase 1 and 2 drilling campaigns, all but one hole has intersected near-surface mineralisation.
- 550m of drilling of its 4,000m total for the Phase 2 campaign remains paused, pending approval to drill the Skarn Silver Anomaly and to incorporate IP survey results into drill target planning.
Raiden Resources Limited (ASX:RDN) (DAX:YM4) has released results from an Induced Polarisation (IP) survey along with additional assays from the 2025 Phase 2 diamond drilling campaign at the Vuzel Gold Project, situated in south-eastern Bulgaria.
The IP survey has outlined multiple untested structural trends and defined new chargeability and resistivity anomalies consistent with previous positive drilling results to date. These anomalies delineate new exploration target areas and have expanded the footprint for further evaluation of silver and gold mineralisation.
Initial interpretations suggest the potential for multiple north and north-west trending gold trends/vectors, correlating with interpreted potential feeder zones, soil geochemistry anomalies, and significant drill results.
Phase 2 Drilling Assay Results
Raiden has also reported assay results from 11 additional holes completed in the Phase 2 program. Significant intersections included:
- VZ2529: 5.6m @ 1.08 g/t Au from 18.4m
- VZ2531: 3.6m @ 2.09 g/t Au from 4.0m
- VZ2532: 4.2m @ 1.12 g/t Au from 12.6m
- VZ2535: 7.4m @ 0.99 g/t Au from 8.6m
- VZ2537: 9.3m @ 0.91 g/t Au from 19.8m
Collectively, results from the maiden, Phase 1 and Phase 2 drilling campaigns show that nearly all holes drilled across a 2km east-west strike have intersected near-surface gold mineralisation.
Survey Results and Interpretations
The IP survey comprised seven lines covering 10.6 kilometres, oriented both Northwest–Southeast and East-West. The survey aimed to define potential high-grade epithermal structures intersected in drilling and to delineate the contacts of conglomerate and sandstone units hosting mineralisation.
To date, drilling has concentrated solely on the central target area, which extends in an east-west direction. However, the newly identified gold targets now span multiple trends, featuring strikes of up to 3 kilometres and greatly increasing the number of potential targets.
Exploration Pipeline
550m of drilling from its expanded 4,000m Phase 2 program remains paused, pending approval to drill the Silver Skarn Anomaly and to integrate IP results into final drill target planning. With the IP results now available, the company is progressing efforts to define its top-priority drill targets across the Project area, encompassing both gold and silver prospects
Strategic Context of Vuzel
The Vuzel Project lies approximately 30km from Dundee Precious Metals’ Ada Tepe mine and less than 20km from Gorubso-Kardzhali’s gold processing facility. Raiden noted that the project’s proximity to third-party mining operations and infrastructure may support potential synergies, subject to further economic and technical assessments.
RDN Shares Rally
RDN shares were trading 12.5% higher at AUD 0.004 per share at the time of writing on 22 September 2025.
