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

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