Haranga Resources (ASX:HAR) has confirmed high-grade gold mineralisation and set up a system expansion after receiving assay results from its Phase 3 RC drilling programme at the Ibel South gold project in Senegal.
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The third-phase, 19-hole campaign totalled 3,244 metres and was completed in May using Photon Assay analysis on 864 one-metre samples.
The explorer’s recent drilling has confirmed the presence of high-grade, shallow gold mineralisation initially identified by earlier aircore campaigns.
“Significant” results included 14 metres at 7.29 g/t gold from 23 metres, including one metre at 17.1 g/t Au, which confirmed the north shoot at TMS Anomaly 3.2, and 12m at 5.24 g/t from 33m, including 1m at 23.29 g/t, which represented the highest-grade, and extended the south shoot at depth.
Haranga told shareholders the exploration had spotted vein-style mineralisation in the transition zone between saprolitised material and fresh bedrock. The explorer also believes that, beyond shallow high-grade zones, the results indicate the gold-bearing system remains open at depth and along strike.
These hits “directly confirm the previously reported shallow high-grade gold mineralisation identified by earlier AC drilling,” chairman Michael Davy declared.
“Further, deeper isolated intersections provide further evidence of a broader fertile gold system. Importantly, the programme has reinforced the scale potential and prospectivity of Ibel South, with gold anomalism defined along a wider alteration corridor and the system remaining open along strike and at depth.
“While Ibel South remains at an early stage, these RC results strengthen the technical foundation and provide a clear basis for assessing the next phase of work.”
The Australian company has lodged a permit renewal application with Senegalese authorities to secure tenure over the corridor and its extensions.
Haranga now plans to use the Phase 3 data to inform its next drilling campaign, which is currently lined up for the late CY26 or early CY27 dry season. Top objectives include testing the open northeast extension, the down-plunge positions of known high-grade shoots, and the southern alteration trend.
HAR last sold at 9.1cps at Friday’s close.
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