Haranga launches 4,000m RC drilling push at Senegal’s Ibel South gold project

Haranga Resources Limited ( (AU:HAR) ) just unveiled an update.

Haranga Resources has approved a Phase 3 reverse circulation drilling campaign of about 4,000 metres at its Ibel South Gold Project in southeast Senegal, set to start in early April after receiving all necessary local, environmental and forestry permits. The program aims to follow up previous aircore drilling and extensive geochemical work that outlined a structurally controlled gold system and delivered high-grade near-surface intercepts in both weathered and fresh rock.

The new drilling will test down-dip extensions of mineralisation at TMS Anomaly 3 and evaluate untested targets at TMS Anomalies 1 and 2 across a five-kilometre anomalous corridor, where only around 800 metres of strike have been shallowly drilled to date. By extending hole depths to roughly 260–300 metres into mineralised greywacke, Haranga is seeking to confirm the scale and continuity of the system, which could materially strengthen its exploration pipeline and enhance its position in a Birimian province known for multi-million-ounce gold deposits.

The most recent analyst rating on (AU:HAR) stock is a Sell with a A$0.10 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 Australian-listed mineral exploration company focused on gold projects in West Africa, with securities quoted on the ASX and Frankfurt Stock Exchange. The company is advancing its Ibel South Gold Project in southeast Senegal, targeting Birimian-aged orogenic gold systems hosted in altered greywacke and quartz vein structures within a highly prospective regional belt.

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Technical Sentiment Signal: Hold

Current Market Cap: A$51.13M

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