-- Haranga Resources (ASX:HAR) said it identified high-grade gold mineralization during a recent drilling at its Lincoln gold project in California, according to a Monday Australian bourse filing.
The results were up to 4.8 meters at 25.40 grams per tonne grade of gold from 36.4 meters, including 2.4 meters at 48.84 g/t gold from 37.7 meters.
The company said the high-grade results are expected to support the conversion of the current non-compliant mineral resource estimate for Lincoln-Comet and Medean to a JORC-compliant mineral resource estimate for release in mid-May, with cash on hand of AU$9.3 million at the end of the March quarter.