Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic
Managing Director, Dusko Ljubojevic
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Raiden Resources (RDN) successfully completes the first aboriginal heritage survey at its Arrow North Project in Western Australia
  • This heritage survey was the first step in the preparation of the upcoming 5000-metre reverse circulation drilling program
  • Raiden will begin drilling upon arrival of the Orlando Drilling rig which is expected to arrive on-site at the end of next week
  • This drilling will target Hemi-style, small volume Indee Suite intrusives identified via Raiden’s recent high-resolution magnetic survey
  • Shares in Raiden are up 12.5 per cent on the market and are trading at 2.7 cents

Raiden Resources (RDN) has successfully completed the first aboriginal heritage survey at its Arrow North Project in Western Australia.

The Arrow Project lies 110 kilometres southwest of Port Hedland and consists of two exploration licences covering an area of 377 square kilometres.

Additionally, it lies roughly 35 kilometres along strike from De Grey Mining’s (DEG) prolific Hemi deposit.

This heritage survey was the first step in the preparation of an upcoming 5000-metre reverse circulation (RC) drilling program.

Raiden will begin drilling upon arrival of the Orlando Drilling RC rig which is expected to arrive on site at the end of next week.

This drilling will target Hemi-style, small volume Indee Suite intrusives identified via Raiden’s recent high-resolution magnetic survey.

Chairman Michael Davy is pleased to have completed the survey and begin drilling at Arrow North.

“We are pleased to have finalised the heritage survey, which now allows the company to undertake its planned 5000-metre drill program,” Mr Davy said.

“It is important to acknowledge the traditional owners, and the history of this land, and to ensure that all stakeholders are involved in these processes, so as to form a solid foundation for what should be a long-standing relationship between the parties.

“The company has been in contact with the drill rig contractors and we look forward to the commencement of the drilling campaign, which is expected to commence in the last week of November.”

Shares in Raiden were up 12.5 per cent on the market and were trading at 2.7 cents at 1:19 pm AEDT.

RDN by the numbers
More From The Market Herald

" Metro Mining’s (ASX:MMI) Board approves FID for Bauxite Hills expansion

Metro Mining's (MMI) Board approves the final investment decision to expand capacity at the Bauxite Hills…
Southern Palladium (ASX:SPD) - Non Executive Chairman, Terence Goodlace

" Southern Palladium (ASX:SPD) awards drilling contract for Bengwenyama

Southern Palladium (ASX:SPD) has awarded a drilling contract to Geomech Africa for exploration at its Bengwenyama…

" Invex Therapeutics (ASX:IXC) receives UK approval to start phase III Presendin trial

Invex Therapeutics (ASX:IXC) has been given the tick of approval in the UK to start its…
Bluechiip (ASX:BCT) - Managing Director, Andrew McLellan

" Bluechiip (ASX:BCT) banks $1.09m R&D tax incentive refund

Bluechiip (ASX:BCT) has received $1.09 million research and development (R&D) tax incentive refund from the Australian…