Asara Resources Continues to Deliver High-Grade Results from Guinea Deposit; Shares Up 5%

MT Newswires Live09:38

Asara Resources (ASX:AS1) continued to deliver consistent high-grade results from the northeast extension within the Massan deposit mineral resource estimate area at its Kada project in Guinea, according to a Friday filing with the Australian bourse.

Results include 40 meters at 4.5 grams per tonne (g/t) grade of gold and eight meters at 4.4 g/t grade of gold, including four meters at nearly 11 g/t grade of gold, and 59 meters at 2.1 g/t grade of gold, including 11 meters at 4.3 g/t grade of gold, the filing said.

Additionally, the second-phase inferred drilling program continued to intersect continuous mineralization along the main north-south trend, per the filing.

Shares rose 5% in morning trade on Friday.

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