ASX-listed Haranga Resources (ASX:HAR) is continuing to complete infill sampling with the aim to define further drill targets at its Ibel South gold permit in Senegal, West Africa.
This news comes after the company recently completed a termite mound infill sampling program across an area that historically produced ‘highly’ anomalous gold values up to 180 parts per billion (ppb) from termite mound and soil samples.
The new program comprises 2,026 termite mound samples taken during the Q1 2023 that were analysed for gold using the fire assay method.
Haranga reports the results confirmed the previously known gold anomaly. A total of 185 samples contained more than 30ppb gold and defined a northeast-trending anomaly more than 2.5km long.
The highest gold concentrations detected in the samples were 545ppb and 643ppb gold.
Commenting on these results, Haranga Resources Non-Executive Chairman Michael Davy says: “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.
“…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”
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.”
Haranga Resources’ share price jumped 8.33% to $0.13 as of 3:50pm on 3 July.
The Ibel South gold permit is located in the Kenieba inlier of the Birimian Formation in southeastern Senegal, where more than 40 million ounces of gold were discovered and where a ‘large’ number of junior and ‘major’ mining companies actively explore and mine gold.
Haranga Resources is an African-focused multi-commodity company. The company’s most advanced project is the Saraya Uranium Project in Senegal.
Write to Aaliyah Rogan at Mining.com.au
Images: Haranga Resources Ltd