Haranga Resources (ASX:HAR) has mobilised to its Lincoln Gold Project (LGP a Swick Gen II diamond-tipped drill right as geotechs team up to convert an existing historical resource at Lincoln-Comet into one compliant with JORC MRE rules set to go live in January of 2026.
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Several deep holes will also be sunk outside the activities of resource expansion drilling; new structures at depth are on the cards for investigation and, over all hovers the elusive but palpable potential for a new gold discovery outright.
Over 25 holes will be sunk as part of the campaign for 2,600m worth of core; the Stringbean Alley decline is being dewatered with major chambers now in sight and progress continuing at the maximum allowed pace.
Electrical works through the existing underground assets are on-track for completion once dewatering works dry out the space; Haranga on Friday noted it’s going for underground drilling because (all cards in order) it’ll be a easier way to expand the existing resource closer to its known source.
“The commencement of underground drilling at Lincoln has taken a concerted effort by the Lincoln Mine crew to get to this point. The team has overcome every hurdle that popped up and is to be commended for their effort,” Haranga MD Peter Batten said.
Apart from the conversion of the existing database and known mineralisation to a compliant set of data, Haranga has the opportunity to test for extensions or repetitions of mineralisation at Lincoln-Comet, something that has never been undertaken in the entire 40+ year history and $90M expenditure.”
HAR last traded at 16cps.
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Disclaimer: HotCopper had a commercial relationship with HAR at the time this article was crafted and published.