Haranga Resources Makes Progress at Lincoln Gold Project
Haranga Resources (ASX: HAR) is making significant strides in its exploration efforts at the Lincoln gold project located in California. The company has been focused on delivering a major resource upgrade, with drilling activities currently underway at the Cross Cut 7 (XC7) area. This comes after the company expanded its drilling program from an initial 30 holes to 40, reflecting increased confidence in the potential of the project.
The Lincoln gold project is situated within the renowned Mother Lode gold belt, a historic and highly prospective region for gold mining. The expansion of the drilling program highlights the company’s commitment to unlocking the full potential of this site.
Positive Reactions from Investors and Stakeholders
Following a recent visit to the Lincoln gold project site, Haranga’s chairman, Michael Davy, shared positive feedback from key stakeholders. During the visit, which included brokers, institutional investors, and other interested parties, there was strong interest expressed in the project.
Mr. Davy stated that the company is well-positioned to deliver a JORC-compliant mineral resource estimate by the end of April. This milestone is expected to provide a clearer picture of the project’s value and potential for future development.
He added that the final phase of resource drilling is underway, and key inputs for the resource estimate are largely complete. This progress is part of a broader strategy that includes additional exploration targets and planned drilling to test for repetitions at depth.
Strategic Acquisition and Historical Significance
Haranga completed the acquisition of the Lincoln project in July CY25. As part of the due diligence process, the company obtained high-grade samples that highlight the project’s potential. Notably, these samples included 3.7 metres at 108 grams per tonne (g/t) gold from 24.1 metres and a spectacular hit of 0.91 metres at 304.5 g/t from 26.88 metres.
The historical gold resource at Lincoln is estimated at 286,000 ounces at 9.3 g/t. The project spans a strike length of approximately 5.8km, covering 47 property parcels through a combination of ownership and lease agreements for mineral and surface rights, totaling 322 hectares.
The “Mother Lode” itself is a 190-kilometre-long belt of gold deposits located in the Western Foothills of the Sierra Nevada Mountain Range. This region has a rich history, dating back to the California gold rush of the 1840s.
Future Outlook and Market Position
With the current focus on resource upgrades and ongoing exploration, Haranga Resources is positioning itself as a key player in the gold sector. The company’s steady performance is reflected in its stock price, which remains at 11.5cps.
Investors and market participants are encouraged to follow the discussions surrounding Haranga Resources and engage in the conversations that shape market movements.
Important Disclaimer
The information provided in this article is for informational purposes only and should not be considered as investment advice. Readers are advised to conduct their own research and consult with a certified financial advisor before making any investment decisions. For more details on the disclaimer, please refer to the appropriate resources.
