Raiden Resources (ASX:RDN) started a 3,500-meter air core drill program at the Arrow project in Western Australia, following the receipt of heritage approvals and program of works, according to a Tuesday filing with the Australian bourse.
The program aims to test multiple targets at the project with similar characteristics to established deposits, the miner said in the filing.
The company's shares surged past 9% at market close Tuesday.
Price (AUD): $0.04, Change: $+0.003, Percent Change: +9.37%