Asara Resources Extends Gold Mineralisation at Kada’s Massan Deposit With Strong Drilling Results

Golden Rim Resources Ltd ( (AU:AS1) ) has shared an announcement.

Asara Resources has reported a further set of strong drilling results from its Phase 1 reverse circulation and diamond drilling program at the Massan deposit within the Kada Gold Project in Guinea, confirming grade continuity and extending mineralisation down-dip. These results, including multiple broad and higher-grade gold intercepts, underpin efforts to convert Inferred Resources to Indicated and strengthen confidence in the project’s geological model. The company has also released first results from its Phase 2 air core and RC program, which targets strike extensions to the north and south to expand the resource footprint, with early holes already returning mineralised intercepts. Improved drilling rates and substantial diamond drilling metres completed during January 2026 further support Asara’s push to demonstrate the full extent and scale of the Massan deposit, with implications for enhancing the project’s resource quality and growth potential for stakeholders.

The most recent analyst rating on (AU:AS1) stock is a Sell with a A$0.10 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 Limited is a West African gold exploration company listed on the ASX and focused on advancing its flagship Kada Gold Project in Guinea. The company is currently concentrating on defining and expanding the Massan deposit within Kada, with a strategy aimed at increasing geological confidence in existing resources and growing the project’s overall mineral resource base through targeted drilling campaigns.

Average Trading Volume: 3,175,777

Technical Sentiment Signal: Hold

Current Market Cap: A$168.3M

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