Haranga Expands Drilling and Nears JORC Resource Update at Lincoln Gold Project

The latest announcement is out from Haranga Resources Limited ( (AU:HAR) ).

Haranga Resources has expanded its HQ diamond drilling campaign at the Lincoln Gold Project to 40 holes totaling about 3,370 metres, with 2,189 metres completed and work now progressing at the XC7 crosscut. Dewatering is expected to reach the XC8 level by the end of March, enabling completion of the current phase of resource confirmatory drilling in early April.

Geological observations to date align with the 2015 NI 43-101 foreign resource model, with lode thickness improving further south and additional holes targeting infill and high-grade variability. Assays from XC3 to XC8 will be returned as a single batch, with rush processing for XC7 and XC8, supporting an updated JORC-compliant Mineral Resource Estimate targeted for completion by the end of April and the imminent release of an Exploration Target for South Spring Hill.

The most recent analyst rating on (AU:HAR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Haranga Resources Limited stock, see the AU:HAR Stock Forecast page.

More about Haranga Resources Limited

Haranga Resources Limited is an ASX- and Frankfurt-listed gold exploration and development company focused on its wholly owned Lincoln Gold Project in California’s historic Mother Lode Gold Belt in the U.S. The project benefits from established infrastructure, significant historical development expenditure and existing mining permits, positioning the company to advance toward potential production in a supportive gold price environment.

Average Trading Volume: 1,609,130

Technical Sentiment Signal: Hold

Current Market Cap: A$53.35M

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