Haranga flags deep mineralisation potential as Lincoln drilling nears completion

Haranga Resources Limited ( (AU:HAR) ) has provided an announcement.

Haranga Resources is nearing completion of a roughly 3,270-metre diamond drilling campaign at its Lincoln Gold Project, targeting conversion of a high-grade non-compliant NI 43-101 resource to a JORC-compliant mineral resource and defining new exploration targets. The company has also drilled two deep holes that show visual signs of alteration and sulphide mineralisation more than 150 metres below existing workings, suggesting the gold system may repeat at depth and potentially expand the project’s scale.

Assay results from the XC3 to XC8 drill holes and a maiden JORC mineral resource estimate for the Lincoln-Comet and Medean areas are expected in late April to early May, with results from the deep holes due shortly after. Management says these outcomes, coupled with further planned deep and targeted drilling later in the year and existing on-site infrastructure and permits, could underpin rapid resource growth and support the project’s evolution into a high-grade, multi-million-ounce gold development.

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 Western Australia. The project lies on the Mother Lode Gold Belt and benefits from about A$90 million of legacy infrastructure, including a 315,000 tonnes-per-annum processing plant, extensive underground development and key operational permits, positioning it for an accelerated development pathway.

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