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Haranga Resources (ASX:HAR) has started maiden aircore drilling at the Ibel South Gold Permit in southeast Senegal – and the campaign is entirely focused around gold anomalies identified through termite mound sampling.
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Termites burrow into the earth to dig nests, bringing the excavated material to the surface as they build their mounds. Perfect, apparently, for cheap sampling.
(Worth adding, this is basically the same play from when Haranga was looking for uranium.)
Haranga is leaning on this cost-effective sampling for its 2,000 metres of drilling now commencing on the top of the plateau in the Ibel area.
There was plenty found too, including some “remarkable” gold grades charting up to 643 parts per billion, Haranaga’s managing director Peter Batten said as the company’s contractor FTE Drilling gets to work.
“This program will test the line of gold anomalism identified from Haranga’s previous termite mound sampling surveys on the permit,” he explained.
Further confidence has also been taken from recent artisanal workings run in the southeastern Senegalese region, which targeted gold within the laterite profile. So too the fact that the Ibel project is just 50 kilometres from Resolute Mining’s (ASX:RSG) already operating Mako Gold Mine.
All this is to say, Haranga has no reason to wait around: “Once regulatory approvals are obtained, drilling will commence immediately,” heralded Mr Batten.
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The soon-to-start campaign will run alongside works at the company’s recently acquired Lincoln Gold Project in California’s Mother Lode belt; an “exciting period” for the explorer at a time when gold prices are peaking.
Traders weren’t sure on the news, though, and HAR dropped -3.57% today.
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