Asara Resources Finds Consistent, Broad Gold Mineralization Zones at Guinea Project

MT Newswires Live

Jan 05

Asara Resources (ASX:AS1) said recent drilling found consistent, broad zones of gold mineralization during a recent drilling at its Kada Gold Project in Guinea, according to a Monday Australian bourse filing.

The results were up to 14 meters at 1 gram per tonne (g/t) gold from 17 meters, including 2 meters at 3.3 g/t gold from 33 meters, 32 meters at 0.7 g/t gold from 56 meters, and 44 meters at 0.6 g/t gold from 109 meters.

The company said that depth-extension drilling beyond the $1,800-per-ounce pit shell has confirmed that mineralization continues at depth, returning "robust" gold intersections within fresh rock and identifying additional zones of deeper mineralization.

Phase 1 drilling will continue to focus on converting inferred resources to indicated, while further testing depth extensions of the Massan deposit, the filing added.

The company added that it has started phase 2 drilling, focusing on drilling inferred resource strike extensions to the north and south to grow the resource footprint further.

The company's shares rose 1% in recent Monday trade.

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