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The latest announcement is out from Golden Rim Resources Ltd ( (AU:AS1) ).
Asara Resources has reported new drilling results from Phase 1 reverse circulation and diamond drilling at the Massan deposit, which continue to demonstrate strong continuity of broad gold mineralisation and support the geological model. These results, including long intervals of near-surface and down-dip gold intercepts, underpin the company’s programme to convert existing resources into higher-confidence indicated ounces within the Kada Gold Project.
In parallel, Phase 2 air core and reverse circulation drilling aimed at extending the Massan Inferred Resource has delivered further significant intercepts, confirming a high-grade northeast-trending structural corridor. The latest assays show the mineralised strike now extends at least 200 metres beyond the current core of the deposit in both eastern and western directions, indicating potential for resource growth and enhancing the project’s exploration upside for shareholders.
The most recent analyst rating on (AU:AS1) stock is a Hold 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 Ltd is a West African gold explorer focused on advancing its flagship Kada Gold Project in Guinea. The company is targeting expansion and upgrading of its Massan deposit Mineral Resource Estimate, aiming to convert more of the resource to higher-confidence categories while extending mineralisation along strike and at depth.
Average Trading Volume: 2,678,427
Technical Sentiment Signal: Hold
Current Market Cap: A$168.6M
Learn more about AS1 stock on TipRanks’ Stock Analysis page.