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Second-phase AC drilling at Ibel South has ended up being extremely important for explorer Haranga Resources (ASX:HAR), with the CY25 campaign now confirming there’s a “laterally extensive, structurally controlled” orogenic gold system with potential continuity at the company’s Kenieba inlier project.
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The Phase Two program covered 65 aircore holes and ended up totalling 3,197 metres through to Nov. 20. Haranga had been looking to extend Ibel South’s workings deeper into previously inaccessible areas.
These new understandings have given the explorer a better look at a potential continuous gold-mineralised trend running 800 metres through TMS Anomaly 3.
“Phase 2 drilling has now delivered an important outcome by confirming a laterally extensive, structurally controlled orogenic gold system,” the Australian explorer’s managing director, Peter Batten, told investors today.
“The Phase 2 AC program has returned mineralisation more in line with regional expectations for economic gold deposits in the West African Birimian Belt and suggests, through the quartz vein presence, a structural component that could indicate possible dilation zones within the trend.”
Haranga shared all the intercepts they had picked up through exploration at Ibel South anomaly, including 16 metres at 1.08 grams per tonne gold from four metres, including four metres 1.4g/t gold. That particular hole, 24-IBS-AC-063, also notably ended in mineralisation, latest results suggest.
Other holes clocked in results like 24 metres at 0.88g/t gold from 32 metres (including 12m at 1.34g/t) and 18 metres at 0.43g/t gold from eight metres.
Haranga noted only some 800 to 850 metres of strike length has been tested to date at Ibel South, too, within a broader five-kilometre gold-anomalous corridor (defined by termine mound sampling). Early data has suggested the system remains open at depth, with Haranga now prepping work to test that theory.
“I look forward to the next phase of drilling,” Mr Batten said, “which will focus on vectoring into deeper targets beneath the high-grade zones identified in phase one, as well as first-pass drill testing of [all those] Priority 1 and Priority 2 termite mound geochemical anomalies that remain untested.”
HAR heads into Week 3 trading at 19cps.
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