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Haranga Resources (ASX:HAR) is on the verge of becoming the “proud new owners” of a 286,000 ounce, non-compliant, Ni-43101 resource gold project in the richest section of the Mother Lode belt at Sutter Creek, California.
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It’s been a long time coming, with the Mother Lode buy announced to shareholders in March before the company waded through due diligence.
“This [last stretch] is particularly exciting for us as we’ve been working on this since November last year,” Haranga’s managing director, Peter Batten, told HotCopper in a Watchlist interview highlighting the news.
“It has dragged a bit,” he added, but confirmed it will be all wrapped up this week.
On the project, Mr Batten explained: “The Mother Lode is extremely famous in the U.S., like the San Francisco 49ers, which refers to this gold rush on the Mother Lode.
“The best 25% of the Mother Lode has come from the Jackson Plymouth zone – and we’re in that and have five kilometres of permits in that zone. [And] our project was actually a virgin project discovered in the ’80s and hasn’t been mined.”
HAR has been up +110% YTD on this acquisition and other mining moves.
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