- 01High-grade gold intercepts returned from Lincoln Gold Project drilling.
- 02Deep drilling confirms the mineralised system remains open at depth.
- 03Maiden JORC MRE expected mid-May, signalling a significant de-risking event.
Haranga Resources (ASX: HAR) has announced significant high-grade gold mineralisation repetitions and depth extensions at its Lincoln Gold Project, with deep drilling confirming the system remains open well below the current decline.
This positive development supports the imminent preparation of a maiden JORC-compliant Mineral Resource Estimate (MRE).
Haranga has successfully completed its 3,250-metre HQ underground diamond drilling program at the Lincoln project's Lincoln-Comet area.
Notable results include 4.8 m @ 25.40 grams per tonne gold from 36.4m, with an additional intercept of 2.4m @ 48.84g/t Au from 37.7m.
Further high-grade gold was intercepted in a separate hole, revealing 2.6m @ 31.2g/t Au and 4.5m @ 18.74g/t Au, both from surface.
System Open at Depth Confirmed
Crucially, deep drilling confirmed that the mineralised system at Lincoln-Comet remains open at depth.
Holes DDH0280 and DDH0281 intersected gold-bearing quartz lode/shear-zone structures more than 150m below the current decline.
DDH0281 reached a total depth of 328.5m, significantly extending the known vertical extent of the mineralisation.
These deep intercepts provide strong vectors for potential higher-grade repetition lodes and underscore the project's long-term growth prospects.
Maiden JORC MRE Imminent
The drilling results are expected to support the conversion of the existing 2015 NI 43-101 foreign estimate, which stands at 958,910 t @ 9.29 g/t Au for approximately 286 koz of contained gold, to a JORC-compliant MRE.
This maiden JORC-compliant MRE for the Lincoln-Comet and Medean areas is anticipated by mid-May, with the company awaiting remaining assay results from four XC8 holes this week to finalise the data.
Underground operations are advancing with dewatering continuing and the re-establishment of essential services, including a new Mobile Power Centre to support future drilling activities.
Haranga has planned further deep and targeted drilling for July, aiming to continue expanding the resource footprint.
The Lincoln Gold Project benefits from substantial prior capital investment in infrastructure.
Poised for Resource Growth
Haranga Resources has delivered compelling drilling results at its Lincoln Gold Project, confirming high-grade mineralisation and crucial depth extensions that indicate the system remains open.
With a maiden JORC-compliant MRE imminent and further drilling planned, the company is well-positioned for significant resource expansion and potential re-rating.
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