tiprankstipranks
Advertisement
Advertisement

Asara Resources hits outstanding high-grade gold in Massan extension drilling at Kada

Story Highlights
  • Asara Resources reported strong drilling results at the Massan deposit to extend the Kada Gold Project resource in Guinea.
  • High-grade intercepts in newly defined Northeast and Southern extensions suggest significant resource growth potential at Massan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Asara Resources hits outstanding high-grade gold in Massan extension drilling at Kada

Claim 55% Off TipRanks

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

Asara Resources has reported strong new drilling results from the Massan deposit at its Kada Gold Project in Guinea, covering 14 Phase 1 RC and diamond holes and 35 Phase 2 air core and RC holes. The programs are designed to extend the Massan deposit and support growth of the project’s inferred resource through systematic testing of newly interpreted high-grade zones.

Results confirm the significance of both the Northeast High-Grade Extension and a newly interpreted Southern High-Grade Extension, with standout intersections including 82m at 2.2 g/t gold and 5m at 31 g/t gold, plus several narrower, very high-grade intervals. Management says the Southern extension, interpreted as a continuation of the Massan Core and linking to the Northeast zone over roughly 500m of strike but still underdrilled, is now being aggressively drilled, underscoring upside potential for resource expansion and value creation for project stakeholders.

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 targeting the expansion of the Massan deposit’s Mineral Resource Estimate through reverse circulation, diamond, and air core drilling aimed at defining high-grade extensions and growing its inferred gold resource base.

Average Trading Volume: 1,631,093

Technical Sentiment Signal: Buy

Current Market Cap: A$216.8M

For detailed information about AS1 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1