Haranga Resources Limited Confirms Robust High-Grade Gold Assays at Lincoln Gold Project Ahead of Acquisition Settlement
Monday, July 7, 2025
at
8:52 am
Haranga Resources Limited’s due diligence confirms robust, high-grade gold results at its Lincoln Gold Project in California. The positive sampling reaffirms historical data integrity and paves the way for an upcoming drill program to enhance future resource estimates, bolstering investor confidence.
Haranga Resources Limited has released technical due diligence results from its Lincoln Gold Project in Sutter Creek, California that confirm a consistent, high-grade gold mineralisation across historic drill core and pulp samples. In a comprehensive review, over 200 samples were re-assayed using a 50‐gram fire assay process, with many key intercepts showing robust correlations between the newly analysed and historic assay results. The detailed results, including standout intercepts from various drill holes—some reporting gold grades exceeding 100 g/t over narrow intervals—highlight the exceptional quality and consistency in the deposit. The data, which includes technical parameters such as interval lengths, grade variability and assay type, reinforces the integrity of the historical drill database and supports the deposit’s potential for future resource estimation.
The technical due diligence not only confirms the historical results but also establishes a refined protocol for upcoming drill programs. Haranga Resources Limited plans to use HQ diamond drill holes with half-core submission to further improve sampling precision and reduce alloy variability. This work, coupled with the planned 2,000–2,500 meter Phase 1 diamond drilling program scheduled to begin in August 2025, underscores the company's commitment to bringing the project into compliance with modern standards and enhancing resource confidence for future estimates. The acquisition settlement for the project is expected to be finalised shortly, and site preparations are underway, including dewatering measures and underground infrastructure development.
From a market perspective, the news is bullish on the project’s fundamentals. The positive technical review—marked by high-grade assays, a robust correlation between legacy and re-assayed data, and a clear path to modernisation of the drilling protocol—should boost investor confidence in the long-term resource potential. However, a note of caution remains regarding the inherent grade variability typically seen in high-grade, coarse gold deposits. While the technical data is strong, some investors may remain wary of fluctuations in individual sample results and the broader risks associated with achieving consistent resource conversion across an irregularly spaced historic database.
Overall, Haranga Resources Limited’s announcement reinforces the quality of the Lincoln Gold Project and outlines clear next steps to transition the project into a modern resource estimate. The strategic emphasis on robust testing protocols and planned drilling efforts provides a strong tailwind for the project, appealing to investors with a bullish outlook, while the typical uncertainty associated with high-grade, coarse deposits may temper sentiment among some more cautious market participants.