Haranga Resources (ASX:HAR; FRA:65E0) Advances Lincoln Gold Project with Positive Technical Due Diligence

July 07, 2025 11:15 AM AEST | By Sonal Goyal

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Highlights

Haranga Resources confirmed consistent high-grade gold mineralisation through targeted sampling at the Lincoln Gold Project.

New assay results reported a positive correlation with historical data, validating previous exploration work.

Individual sample grades varied due to coarse gold; averaged intervals remained within acceptable limits.

Standout assays from individual samples included grades as high as 304.5 g/t Au.

Acquisition of the Lincoln Gold Project is expected to be finalised by the end of this week.

Haranga Resources Limited (ASX:HAR; FRA:65E0) has reported encouraging results from its technical due diligence sampling program at the Lincoln Gold Project in California.

As part of its assessment process, the company conducted targeted sampling of selected historical drill core and pulp samples from mineralised zones across the project. The assay results confirmed the presence and consistency of high-grade gold mineralisation, supporting the reliability of historical data and enhancing confidence in the project's drill database for future resource estimation.

A comparison between new and historic assay results revealed a positive correlation, indicating the ‘robustness’ of the earlier exploration work and no bias. Despite the presence of high-grade mineralisation, the comparison showed grade stability.

The analysis further highlighted that while individual sample grades may vary due to coarse gold, the average grades over intervals remained consistent and within acceptable limits.

Most significant gold intercepts include-

Project Acquisition Nearing Completion

The company also announced that it expects to finalise the acquisition of the Lincoln Gold Project by end of this week.

HAR Shares Rally

Following the update, HAR shares were trading 6.17% higher at AUD 0.086 per share at the time of writing on 7 July 2025.

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