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Haranga Resources Limited ( (AU:HAR) ) has shared an announcement.
Haranga Resources has outlined an independent Exploration Target for the South Spring Hill prospect at its Lincoln Gold Project in California, estimating 1.16Mt to 1.64Mt at grades of 5.4g/t to 5.8g/t gold for a conceptual range of 202,000oz to 308,000oz. The target, situated 550m north of the Stringbean Alley decline and within permitted claims with existing underground access and a recently operating mill, underscores the historical prospectivity of an area that has already produced about 94,600oz of gold.
The company is also working to convert the historical 2015 Lincoln-Comet NI 43-101 foreign resource estimate of roughly 286,000oz at 9.29g/t gold into a JORC-compliant Mineral Resource by the end of April, while continuing drilling and dewatering activities. Management frames South Spring Hill and the Lincoln-Comet estimate as part of a broader strategy to build scale and grade at Lincoln, aiming to support a robust development scenario in the globally significant Mother Lode system and potentially enhance the project’s appeal to investors and other stakeholders.
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 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 existing underground access, mining permits and a mill circuit that last produced gold in 2022, positioning the company to leverage modern exploration and mining techniques in a proven gold district.
Average Trading Volume: 1,501,999
Technical Sentiment Signal: Hold
Current Market Cap: A$55.57M
For a thorough assessment of HAR stock, go to TipRanks’ Stock Analysis page.