Asara Resources Maps Extensive Gold Targets at Kada Project Permits

Golden Rim Resources Ltd ( (AU:AS1) ) has provided an update.

Asara Resources has reported new auger geochemistry results from its Bamfele and Damissa Koura permits in Guinea, where 651 shallow drillholes have delineated broad gold anomalies aligned with interpreted mineralised corridors. At Bamfele, the program has confirmed a continuous 18 km north–south anomaly above 50 ppb gold that coincides with the T1 corridor and intersects a northeast-trending T2 structure, a combination associated with higher-grade mineralisation in the nearby Massan deposit.

At Damissa Koura, ongoing auger drilling has outlined a 1 km anomaly above 100 ppb gold overlapping historic Newmont work, extending mineralisation beyond earlier drilling and defining a drill-ready target along areas of artisanal mining. The presence of locally significant gram-per-tonne gold grades from what is primarily a soil-geochemistry program underpins confidence in the Kada Project’s scale and supports Asara’s plan to advance these prospects rapidly to follow-up drilling once the Arafura Quest acquisition is completed and the licence package is consolidated.

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 Limited is a West African gold explorer listed on the ASX, focused on the broader Kada Project and surrounding permits including Bamfele and Damissa Koura in the Siguiri Basin. The company is expanding its landholding through a conditional acquisition of Arafura Quest Pty Ltd, which will bring the Damissa Koura permit into its portfolio, reinforcing its exploration footprint in a prolific gold district.

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