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Haranga Uncover Golden Targets

3 July 2023 11:34
ASX: HAR

Haranga Resources take aim at Senegals golden potential, with termite mound sampling across the explorers Ibel South gold permit unveiling at a 2.5-kilometre long anomaly with grades up to 643 ppb gold, providing the Company with immediate, walk-up drill targets.

Sampling Golden Ground

The sampling program saw 2,026 termite mound samples collected over a previous gold anomaly where historical soil and termite mound sampling returned highly anomalous gold values of up to 180 ppb, with a total of 185 of the newly returned samples taken showing gold values over 30 ppb and further delineating the anomaly as trending 2.5 kilometres to the northeast.

The prospectivity of the newly identified anomaly has been further highlighted by active artisanal miners’ successful mining of shallow gold to the south of the sampled area, with the Company now earmarking this area for a follow-up termite mound sampling program to identify further drill targets.

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Figure 1: Historical soil and termite mound sampling results in the Ibel permit area

The Company noted that due to the density of gold-bearing samples in the 200m by 50m sampling grid and the high-quality results of up to 643 ppb being returned, follow-up air-core or reverse circulation drilling has been fully justified, with the Company’s technical team now preparing to design a layout for this drilling campaign, which will be the first-ever drilling in the perimeter of the Ibel permit.

Promising Permit

Located in south-eastern Senegal, the Ibel South permit covers 182 square kilometres of the Birmian Formations Kéniéba inlier, which hosts several junior and major mining companies both exploring for actively mining gold, with over 40 million ounces of gold currently being mined or under development in this rapidly emerging region.

In Particular, Ibel South lies in proximity to a number of in-production gold mines, with the permit lying just 30km away from the 1.5Moz Au Mako Gold Mine held by resolute mining and 80 kilometres South East of the 8.72Moz Sabodala-Massawa gold mine.

The Project is also located within 65 kilometres of the Company’s flagship Saraya Uranium Project, which has also seen recent termite mound sampling success, with the Company saying that it was encouraged by recent success at both projects.

“Following the Company’s recent successful drill targeting campaign over the Saraya uranium permit where numerous walk-up drill targets have been defined, we are pleased to further report that initial sampling at the Ibel South gold permit has rendered further drill targets for testing,” Chairman Micheal Davy said.

“As we continue to diligently explore both the Saraya and Ibel South permits, it is very encouraging to see the significant exploration opportunities Haranga has in the pipeline to drill test and which could lead to further discovery potential.”

HAR’s Australian Stock Exchange-listed share price has risen 8.33 per cent today, currently selling at 13c (11:19 am UTC+ 8 hours).

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