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- Raiden Resources (RDN) has uncovered significant silver mineralisation potential at its Vuzel gold project in Bulgaria
- As silver prices are improving, the company decided to look back on previous drilling results at Vuzel with a focus on silver
- The historical results have revealed two previously defined significant silver anomalies south of the main gold anomaly
- Due to these results, Raiden is now planning to further explore the property for silver as well as gold
- On the market this afternoon, company shares are down 3.85 per cent and is trading for 2.5 cents per share
Raiden Resources (RDN) has uncovered significant silver mineralisation potential at its Vuzel gold project in Bulgaria.
Due to the improving silver price, the company has decided to look back on Vuzel’s historical information with a focus on silver.
The historical results have revealed two previously defined significant silver anomalies south of the main gold anomaly.
The historical findings are also supported by encouraging trenching results, which include high-grade grades of up to 279 g/t of silver.
Due to these results, Raiden is now planning to further explore the property for silver as well as gold.
“We are pursuing an aggressive strategy on the Vuzel project. We have commenced with the drill access permitting work and will strive to drill test the main gold target within the following months,” Managing Director Dusko Ljubojevic said.
“While we will continue to progress the drill access permitting with priority remaining to drill test the Vuzel gold zones, the company plans to evaluate and advance the silver targets in parallel to drill-ready targets over the following weeks and months,” he added.
Notably, In 2019, Raiden signed an option agreement to purchase up to 90 per cent interest in Vuzel.
On the market this afternoon, company shares are down 3.85 per cent and is trading for 2.5 cents per share at 1:16 pm AEDT.
