Raiden Resources Limited (ASX: RDN) has intersected significant near-surface gold mineralisation, with peak values up to 5.27 g/t Au, in maiden diamond drilling programme on the Vuzel gold project in south-eastern Bulgaria.
“The gold intercepts from the 2022 maiden drill testing indicate the continuity of shallow gold mineralisation in the central part of the Vuzel prospective zone,” Managing Director, Mr Dusko Ljubojevic, said.
“This provides a very positive confirmation of the extensive geological potential the Vuzel license area has for further epithermal low sulphidation style gold deposits, such as Dundee Precious Metals (TSX: DPM) Ada Tepe open pit mine, located 30km’s south-east of the Vuzel discovery.
“Planning is currently underway to expedite a follow up drill programme aimed at defining the full extents of the mineralisation within this potentially large system and to explore for potential higher-grade zones within the system.”
Vuzel drilling programme
A programme of eleven oriented diamond drill holes, comprising a total length of 1,594.8 metres, was completed at the beginning of June 2022. The programme targeted a previously undrilled and underexplored area within the central part of the Vuzel Project.
All eleven discovery drillholes have intersected significant and highly encouraging gold mineralisation, defined over a 500m strike length of near-surface gold mineralisation, which remains open along strike both east and west of the current drilling.
Significant results from this round of drilling in the recently named central part of the Vuzel Au Prospective Zone included:
- 17m @ 1.13g/t Au from 1m in VZ2206, including 4.3m @ 2.19g/t Au and 1.2m @ 5.27g/t Au;
- 10m @ 1.18g/t Au from 7.7m in VZ2201, including 3.9m @ 2.38g/t Au
- 8.8m @ 1.20g/t Au from 22.6m in VZ2209, including 1.3m @ 3.52g/t Au
- 8.5m @ 1.10g/t Au from 7.5m in VZ2203, including 2.2m @ 2.66g/t Au
This was the first drill campaign in the core of the target area, which extends over several kilometres and is characterised by broad gold mineralisation, including high grade sections defined through historical channel/rock chip sampling.
Previous explorers had not drill tested the central segment of the target area and this was the first campaign which achieved permitted access into, what the Company believes to be, the most prospective zones.
For further information please visit: https://raidenresources.com.au/
