Asara continues to grow the Kada gold project and its ‘significant opportunity’

Asara Resources (ASX:AS1) has hit a large new intersection at the Massan deposit at its Kada gold project in Guinea, with a hole in phase two inferred extension program returning 54 metres at 2.3 grams per tonne from 42 metres.

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Targeting a mapped regional north-east-trending structure at its intersection, the hole has helped extend the high-grade structural corridor beyond limits previously defined by historical drilling at Massan.

The result highlighted the upside at Massan, with limited effective drill testing carried out to date in the area of the extensive hit, CEO Matt Sharples said.

He continued: “In addition to the strong results from the latest batch of drilling, the phase two MSRC26-013 drillhole is a highly encouraging result that provides a strong validation of our structural interpretations at Massan.”

The new intersection included multiple higher-grade intervals, highlighting both thickness and grade continuity within this extension zone.

“This highlights the significant opportunity that remains outside the central known ‘core’ Massan deposit,” Mr Sharples explained. “Our iterative, geology-driven approach is designed to systematically test and refine these targets.”

The recent drilling will now support plans for the placement of additional high-priority holes within the company’s phase 1 indicated conversion programme.

“We will continue to methodically drill out this extension on section lines, targeting continuity to depths of at least 250 metres, with the objective of expanding and upgrading the current mineral resource.”

Drilling operations remain ongoing with a second RC rig mobilised to site. It will operate alongside the existing RC and DD rigs to accelerate delivery of the phase one indicated conversion program.

The auger rig also continues with geochemical drilling over priority regional target areas to support further target delineation.

AS1 is up +3.85% to 13.5c. Mkt cap $208.4M.

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