Haranga testing depth potential at Ibel South after multiple holes ended in mineralised greywacke

Haranga Resources (ASX:HAR) will be testing identified depth potential with a major new drilling campaign at its Ibel South gold project in southeast Senegal. In previous phases of drilling, multiple holes have ended in mineralised greywacke, highlighting the need for deeper drilling to target the primary system.

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Those targets will be followed up on in Haranga’s phase three, 4,000-metre RC drilling program, to commence in the early part of this month.

Haranga’s chair, Michael Davy, said the program comes after the company obtained strong results from phase two aircore drilling and extensive surface geochemical work, which included termite mound sampling.

Those previous activities have defined a structurally controlled gold system hosted within Birimian greywacke.

“Ibel South is already shaping up as a highly encouraging gold system, with previous drilling returning high-grade, near-surface results and confirming mineralisation in both weathered and fresh rock,” Mr Davy told shareholders.

“Importantly, several earlier holes ended in mineralised greywacke, suggesting the system remains open at depth and supporting this next phase of RC drilling to test for down-dip extensions beneath known mineralisation.

“The program will also allow us to drill compelling new targets at TMS anomalies 1 and 2, which were previously inaccessible due to seasonal weather and site access.”

Ibel South is located in the proven Birimian belt, which hosts several multi-million-ounce gold deposits. Haranga is considering expanding by a further 2,400m for up to 22 holes in total, subject to initial results. The primary target of the RC drilling is the gold mineralisation intersected during previous AC drilling.

“We believe Ibel South has the potential to deliver a significant new gold discovery within this highly prospective belt,” Mr Davy said today.

“Combined with drilling at Lincoln, Haranga is advancing two highly active gold programs in parallel, and I look forward to updating our shareholders and stakeholders as results come through across both projects.”

The second priority area for Haranga’s planned RC drilling is located on the north-western mid-plateau, where extensive TMS has defined a series of strong and coherent gold anomalies over a broad area.

HAR is up +4.76% to 11cps on Wednesday.

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