Australia's Raiden Resources eyes best day in over 18 months on gold discovery
06/07/2022 04:27
** Copper-gold explorer's RDN.AX shares jump as much as
50% to A$0.012, on track for best session since Oct. 13, 2020 if
gains hold
** Says https://www.asx.com.au/asxpdf/20220706/pdf/45blb2zj6wc12b.pdf
results of the maiden diamond drilling program reveal
significant near-surface gold mineralisation at the Vuzel gold
project in Bulgaria
** Says follow-up drill program to define extents of the
mineralisation are in the planning stage
** Stock hits highest level since June 1
** Volumes are nearly 10 times their 30-day avg of about 1
mln shares
** As of last close, RDN down ~60% YTD
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))