Asara Resources Extends Broad Gold Mineralisation at Kada’s Massan Deposit

An announcement from Golden Rim Resources Ltd ( (AU:AS1) ) is now available.

Asara Resources has reported strong new drilling results from its Phase 1 and Phase 2 programs at the Massan deposit within the Kada Gold Project in Guinea. The latest reverse circulation and diamond drilling in the northeast extension of Massan continues to show broad, continuous gold mineralisation along strike and at depth, including significant intercepts such as 121 metres at 1.2 grams per tonne gold from 18 metres.

These results support the potential to grow and upgrade the Kada Mineral Resource, with Phase 1 drilling targeting conversion within the existing resource area and Phase 2 testing extensions more than 350 metres north of the 2023 Inferred Resource. The combination of thick, consistent intercepts and confirmation of mineralisation continuity strengthens Asara’s case for resource expansion at Massan and enhances the project’s appeal for investors and other stakeholders.

The most recent analyst rating on (AU:AS1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Golden Rim Resources Ltd stock, see the AU:AS1 Stock Forecast page.

More about Golden Rim Resources Ltd

Asara Resources Ltd is a West African gold exploration company focused on advancing its flagship Kada Gold Project in Guinea. The company targets the Massan deposit within Kada, aiming to expand and upgrade its Mineral Resource base through staged drilling programs, including reverse circulation, diamond and air core drilling.

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Technical Sentiment Signal: Buy

Current Market Cap: A$176.7M

For a thorough assessment of AS1 stock, go to TipRanks’ Stock Analysis page.