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Raiden Resources (ASX:RDN) granted two licence extensions and project in Serbia
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Raiden Resources (RDN) has been granted licence extensions for two Serbian projects as well as a new project from the Serbian Ministry of Energy and Mining
The Majdanpek West project has been extended for three years and Raiden will focus on re-evaluating previous data to follow-up on multiple anomalies
Additionally, the Donje Nevlje licence has been extended for another three years and Raiden has already planned to undertake geophysical work to refine drilling targets
Lastly, the miner was awarded the Pirot project which covers 17 square kilometres and is located 25 kilometres north-northwest of the Donje Nevlje project
Raiden gets exploration license for Serbia s Pirot project Gold Ore; By James St. John, via Wikimedia Commons
BELGRADE (Serbia), December 24 (SeeNews) – Australian copper-gold exploration company Raiden Resources has received an exploration license for the Pirot project in eastern Serbia, it said on Thursday.
Raiden Resources plans to initiate a targeting campaign at the Pirot project in the first quarter of 2021, the company said in a filing with the Australian Securities Exchange.
Raiden has also received a notification that the Donje Nevlje and Majdanpek West projects in Serbia have been extended for a further three-year exploration term, it said. Both Majdanpek West and Donje Nevlje are important projects for the company. We have significant geochemical and geophysical data sets for both projects, with numerous targets defined and we are now in the process of refining the targets. The Pirot project, which was recently approved is also within t