Vuzel’s Gold Potential Grows but Economic Viability Still Unclear

Exploration Momentum Builds at Vuzel

Raiden Resources Limited (ASX – RDN) has delivered another encouraging update from its ongoing Phase 2 diamond drilling campaign at the Vuzel Gold Project in southeastern Bulgaria. The latest batch of assay results includes a standout high-grade intercept of 1.6 metres grading 7.69 grams per tonne gold within drill hole VZ2527, interpreted as a key epithermal feeder zone. This discovery adds a compelling layer to the growing evidence that Vuzel hosts a substantial near-surface gold system with multiple high-grade zones.

Expanding the Footprint of Mineralisation

The four recently reported drill holes continue to intersect widespread gold mineralisation near surface, with significant intercepts such as 13.6m at 0.58g/t Au and 11m at 0.98g/t Au. These results extend the mineralised footprint along a 3 to 4-kilometre strike corridor, which remains open in multiple directions. Raiden has accordingly expanded its Phase 2 drilling program to 4,000 metres, aiming to delineate the full extent of mineralisation and to focus on identifying additional epithermal feeder structures that may host higher-grade gold.

Strategic Positioning and Ownership

Raiden currently holds a 75% interest in the Vuzel project, with a clear pathway to increase ownership to 90% through the definition of a JORC-compliant resource. The company’s management highlights the strategic value of Vuzel’s location, which is near existing third-party processing infrastructure and active mining operations, including Dundee Precious Metals’ Ada Tepe deposit just 30 kilometres away. This proximity could offer potential synergies should exploration confirm a viable resource.

Geological Context and Exploration Model

The Vuzel project is situated within the Eastern Rhodope ore region, part of the prolific West Tethyan metallogenic belt. The gold mineralisation is hosted predominantly in Palaeocene-Eocene conglomerates and sandstones, with mineralising fluids believed to have migrated along steep faults feeding into permeable sedimentary units. The identification of a silicified and brecciated epithermal feeder zone in VZ2527 supports the company’s geological model and suggests the presence of multiple such feeders across the target area.

Looking Ahead

Drilling remains ongoing, with further assay results expected to provide greater clarity on the orientation and extent of the mineralised zones. Raiden plans to complement drilling with additional surface exploration activities, including geophysical surveys and metallurgical sampling, to refine targeting and assess the project’s economic potential. The company’s methodical approach and expanding dataset position Vuzel as a technically compelling asset in a region witnessing active consolidation and investment.