Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Golden Rim Resources Ltd ( (AU:AS1) ) has issued an announcement.
Asara Resources has reported strong new drilling results from Phase 1 reverse circulation and diamond drilling at the Massan deposit within its Kada Gold Project in Guinea, including broad high-grade intercepts in the northeast extension, such as 40m at 4.5 g/t gold and 59m at 2.1 g/t gold. A key down-dip drillhole confirmed that the current drilling orientation is optimal for testing the geometry of this high-grade zone, giving the company greater confidence in systematically expanding the high-grade domain beyond the existing resource envelope.
In parallel, Phase 2 air core and reverse circulation drilling aimed at the Inferred Resource continues to intersect continuous mineralisation along the 3.5km north–south trend at Massan, supporting both resource growth and increased confidence across the broader deposit. Management emphasised that these results underscore the exceptional growth potential of the Massan deposit and indicate that the full extent of the northeast high-grade extension is still being defined, which could enhance the scale and quality of the Kada project over time.
More about Golden Rim Resources Ltd
Asara Resources Limited is a West African-focused gold exploration company listed on the ASX and operating the Kada Gold Project in Guinea. The company is advancing the Massan deposit within Kada through phased drilling programs aimed at expanding and upgrading its Mineral Resource Estimate, targeting high-grade zones and extending known mineralised trends.
Average Trading Volume: 1,903,884
Technical Sentiment Signal: Buy
Current Market Cap: A$270.8M
For a thorough assessment of AS1 stock, go to TipRanks’ Stock Analysis page.