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Haranga (ASX:HAR) to Launch Follow-Up Drilling at Ibel South After Promising Gold Results

3 min read | September 15, 2025 05:46 PM PDT | By Sonal Goyal

Highlights

  • Haranga will commence a second air core (AC) drilling program of ~3,000m at Ibel South in late October 2025.
  • The maiden AC drilling in July returned broad, shallow, and high-grade gold intercepts, including 20m @ 6.54 g/t Au and 4m @ 14.83 g/t Au.
  • The upcoming program will target infill drilling between high-grade intercepts, step-out extensions, and untested Termite Mound Sampling (TMS) anomalies.
  • Haranga is also progressing preparations for drilling at its Lincoln Gold Project, with operations expected to begin in October 2025.

Haranga Resources Limited (ASX:HAR) (FRA:65E0) is set to commence a second air core drilling campaign of approximately 3,000m at its Ibel South Gold Project in southeastern Senegal, immediately following the rainy season, expected in late October 2025.

The follow-up program builds on encouraging results from the maiden AC drilling campaign conducted in July, which intersected broad, high-grade and shallow gold zones. The results confirmed the presence of a continuous NNE-trending mineralised corridor extending more than 700m.

The new campaign will focus on drill testing extensions along the NNE trend, infilling gaps between high-grade intercepts, and evaluating several untested TMS anomalies across the permit and close to artisanal workings.

Maiden AC Drilling Results Confirm Potential

In July 2025, Haranga completed 2,000m of AC drilling across four lines at Ibel South with focus on TMS anomalies on the main plateau. The program returned multiple broad and high-grade gold zones, including:

  • 20m @ 6.54 g/t Au from 12m, including 4m @ 14.64 g/t Au (25-IBS-AC-008),
  • 10m @ 6.35 g/t Au from 44m, with the hole ending in mineralisation (25-IBS-AC-016),
  • 4m @ 14.83 g/t Au from 8m (25-IBS-AC-017),
  • 4m @ 4.92 g/t Au from 4m (25-IBS-AC-007),
  • 8m @ 1.58 g/t Au from 24m (25-IBS-AC-010),
  • 12m @ 1.30 g/t Au from 32m, including 4m @ 1.96 g/t Au (25-IBS-AC-005),
  • 28m @ 0.82 g/t Au from 16m, including 4m @ 2.68 g/t Au (25-IBS-AC-011).

These encouraging outcomes highlight the project’s potential and support the case for continued exploration.

Geochemistry and Termite Mound Sampling (TMS)

Surface geochemical surveys at Ibel South have outlined multiple gold anomalies. In 2012, Sonko grid (800m x 200m historical soil and TMS sampling grid) first identified the potential of Ibel South with gold values reaching up to 156 ppb Au. Subsequently, a detailed 200m x 50m grid comprising 2,227 samples confirmed strong anomalism, returning values up to 638 ppb Au, with over 1,000 samples above 30 ppb.

A southern extension grid of 1,413 samples revealed weaker anomalies but showed “bleeding” signatures along plateau edges, suggesting mineralisation beneath laterite cover. More than 2,000 samples from an eastern reconnaissance grid further support the potential for extensions of the Ibel mineralisation.

Future Steps

Following the completion of the second AC drilling campaign at Ibel South, Haranga plans to:

  • Test priority TMS anomalies on the western flank and southwestern plateau extension, which were previously inaccessible due to seasonal conditions. These targets coincide with artisanal workings and significant geochemical signatures, making them high-priority drill targets for potential new mineralised zones.
  • Assess anomalous plateau tops.
  • Expand exploration programs to refine targets beneath lateritic plateaux, investigate concealed mineralised systems, and build on successful results from plateau margins.

HAR shares trade higher

HAR shares were trading nearly 10% up to AUD 0.120 per share at the time of writing on 16 September 2025.


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