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RAIDEN RESOURCES LIMITED - Corporate Spotlight

Raiden Resources (ASX:RDN / DAX:YM4) is a dual ASX/DAX listed copper-gold exploration... Raiden Resources (ASX:RDN / DAX:YM4) is a dual ASX/DAX listed copper-gold exploration company which controls a strategic portfolio of projects prospective for porphyry, epithermal and orogenic styles of copper and gold mineralisation.More

Corporate Spotlight

Raiden Resources (ASX:RDN / DAX:YM4) is a dual ASX/DAX listed copper-gold exploration company which controls a strategic portfolio of projects prospective for porphyry, epithermal and orogenic styles of copper and gold mineralisation.
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RDN announce expansion to the Mt Sholl project

RDN BUY BROADENS MT SHOLL FOOTPRINT

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Raiden Resources (ASX:RDN) buy broadens Mt Sholl footprint

Materials

ASX:RDN
Raiden Resources launch copper-gold drilling in Serbia
Source: Raiden Resources

  • Raiden Resources (RDN) is set to expand its Western Australian Mt Sholl project by acquiring an 80 per cent interest in adjoining tenements.
  • The conjoined nickel-copper-platinum group elements project would comprise approximately 27 square kilometres following the transaction with Welcome Exploration
  • Raiden will need to pay $100,000 to Welcome for the initial consideration and is set to issue $500,000 worth of ordinary shares thereafter
  • Raiden Managing Director Dusko Ljubojevic says the company is gearing up for a "substantial" drilling program in the first quarter of 2022

Raiden Resources (RDN) is set to expand its Western Australian Mt Sholl project by acquiring an 80 per cent interest in adjoining tenements.


Under the deal with Welcome Exploration, Raiden's Mt Sholl project area would cover a land area of approximately 27 square kilometres when consolidated with its existing tenements.


The Mt Sholl and Welcome nickel-copper-platinum group elements project are located 22 kilometres southeast of Karratha Western Australia's Pilbara region.


So far, 677 drill holes or roughly 79,637 metres of drilling has been completed to date across the consolidated tenements, with geological modelling to fuel further exploration said to be underway.


Raiden Managing Director Dusko Ljubojevic said the company was gearing up for a "substantial" drilling program in the first quarter of 2022.


"The consolidated tenements have provided Raiden with a significant ground package with drill proven prospectivity," he said.


"Twin holes or infill drilling will be completed in areas of nickel-copper mineralisation that has been intersected in previous drilling, which were not tested for palladium-platinum-cobalt."


Raiden will need to pay $100,000 to Welcome for the initial consideration and is set to issue $500,000 worth of ordinary shares based on the volume-weighted average price for the 20 days after the agreement has been executed.


Read the Full Article on The Market Herald here

RDN TO FOCUS ON ARROW AND MT SHOLL

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Raiden Resources (ASX:RDN) to focus on Arrow and Mt Sholl

Materials

ASX:RDN      MCAP $29.96M

01 September 2021 11:50  (AEST)



·Raiden Resources (RDN) is planning to focus in on its Arrow and Mt Sholl projects in WA's Pilbara region over the next two years

·The exploration company recently signed off on a program of work for Arrow, with 5000 metres of reverse circulation drilling to be carried out

·While at Mt Sholl, RDN says it's begun the drilling permit process, with further mineralisation outside known envelopes identified in recent work

·Raiden also says it's considering divesting part of its Pilbara asset portfolio so it can better focus on Mt Sholl and Arrow

·Company shares are trading 4.17 per cent up at 2.5 cents at 1:37 pm AEST

Raiden Resources (RDN) will focus in on its Arrow and Mt Sholl projects in WA's Pilbara region over the next two years.

The company released an update on Wednesday, revealing it may divest some of its Pilbara or Balkan assets so it can better focus on the two assets.

RDN has already signed off on a program of work for Arrow, with 5000 metres of reverse circulation drilling to be carried out.

The drilling will focus on initial targets, with recent fieldwork extending the mapped zone of silica-sericite-sulphide alteration within a sandstone unit.

The company has also begun the drilling permit process for Mt Sholl, with further mineralisation outside of known envelopes identified in recent work.

Raiden Managing Director Dusko Ljubojevic said both projects had strong potential.

"The work conducted to date across the Arrow and Mt Sholl projects has
demonstrated that both projects will form the basis of a long term exploration
strategy for the Company in the Pilbara," Mr Ljubojevic said.

"Management are also evaluating strategic and corporate options for generating further value for shareholders, which may include advanced projects in the Pilbara, as well as, in the Balkans."

Company shares were trading 4.17 per cent down at 2.5 cents at 1:37 pm AEST.

Read the full article on The Market Herald here


RDN AWARDED EXPLORATION AGREEMENT

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Raiden Resources (ASX:RDN) awarded exploration agreement for Zlatusha

Materials

ASX:RDN
Raiden Resources (ASX:RDN) wins BG1 license-tender in Bulgaria

  • Raiden Resources (RDN) advises that the Bulgarian Minister of Energy has signed an exploration agreement for its Zlatusha project
  • The three-year licence covers a 195-square-kilometre area that hosts seven historically defined porphyry, epithermal and skarn prospects
  • RDN notes the areas haven't been explored in more than 20 years and it wants to test them with modern technology
  • The new licence area also lies nearby to Raiden's Donje Nevlje project in Serbia and RDN plans to explore the area after reviewing historical data

Raiden Resources (RDN) advises that the Bulgarian Minister of Energy has signed an exploration agreement for its Zlatusha project.


RDN has welcomed the news, stating the agreement equates to a three-year licence covering a 195-square-kilometre area.


Managing Director Dusko Ljubojevic explained the area plays host to seven historically defined porphyry, epithermal and skarn prospects.


"Zlatusha is considered one of the least explored and most prospective segments of Cretaceous geology in the region," Mr Ljubojevic said.


"It is a large exploration area, covering almost 200 square kilometres and hosts over seven historically defined porphyry, epithermal and skarn prospects, which have not been evaluated for over 20 years and have not been subjected to the latest exploration technology."


The MD added that the project lies nearby its existing Donje Nevlje project in Serbia, giving the company a significant landholding in the region.


"This is a significant event for the company, which now, along with the Donje Nevlje project, across the border in Serbia, controls a major portion of the Cretaceous volcanics in the district and is the only Company with active licenses in this area," Mr Ljubojevic said.


Next steps for RDN were to review the historical data available on Zlatusha and begin obtaining work approvals.


Read the Full Article on The Market Herald here

RDN IDENTIFIES 40 TARGETS AT ARROW NORTH

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Raiden Resources (ASX:RDN) identifies 40 targets at Arrow North

Mining

ASX:RDN
Apollo Consolidated (ASX:AOP) reports new assay results at Lake Rebecca

  • Raiden Resources (RDN) identifies 40 intrusion-related targets at the Arrow North Project in Western Australia
  • These targets have been identified following an interpretation of data from a previous high-resolution magnetic survey
  • The survey has also provided information on rock types and geological structures which show similarities to De Grey Mining's Hemi discovery
  • Raiden plans to conduct induced polarisation (IP) work and will begin drill access permitting to drill the targets

Raiden Resources (RDN) has identified 40 intrusion-related targets at the Arrow North Project in Western Australia.


The company undertook a high-resolution magnetic survey at the project earlier this year to identify intrusions, host structures and products of gold-related hydrothermal alteration.


MAGSPEC Airborne Surveys acquired and initially processed the data. Geological researcher, Terra Resources then completed further processing and interpretation of the magnetic data.


In addition to identifying the targets, the interpretation provided detailed information on likely rock types and geological structures in the area.


The magnetic response also indicated there were zones of demagnetisation and possible hydrothermal alteration associated with mineralisation.


According to Raiden, the geological setting of the Arrow North Project is identical to De Grey Mining's (DEG) Hemi discovery as the Indee Suite intrusions at Arrow are intimately associated with gold mineralisation at Hemi.


Managing Director Dusko Ljubojevic said the magnetic survey significantly increased Raiden's confidence in the project.


"We will initiate field verification of the various targets immediately in order to prioritise the targets, as well as undertake induced polarisation (IP) work across high priority areas. At the same time permitting for drill rig access will commence concurrently."


IP surveying is a process that De Grey used to define targets at Hemi and Raiden will adopt this technique to identify sulphides that are potentially associated with gold mineralisation at Arrow North.


Read the Full Article on The Market Herald here

ABOUT US

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Raiden Resources Limited (ASX:RDN / DAX:YM4) is a copper-gold exploration company focused on discovering large scale Cu-Au porphyry and high-grade epithermal deposits in the world class Western Tethyan Belt in Eastern Europe, as well as, major gold deposits in the emerging province of Pilbara in Western Australia.


Raiden operates in unique jurisdictions which host the potential for tier-one, world class discoveries and that are located in mining friendly jurisdictions with excellent infrastructure, but have remained relatively  underexplored.


In both Europe and in Australia, the Company has set itself up as one of the leading strategic land holders in each district and is geared for exploration success.


VISIT THEIR WEBSITE: https://raidenresources.com.au/

VIDEOS

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Raiden Resources Limited (ASX:RDN) announce expansion to the Mt Sholl Ni-Cu-PGE project



Raiden Resources Limited (ASX:RDN) announce 40 intrusion related targets along strike from De Grey Mining’s Hemi project



Raiden Resources (ASX:RDN) identifies 40 targets at Arrow North


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