Ragnar Metals has confirmed multiple high-grade gold and silver zones at its Harnäs Project in Sweden, including a promising new target at Silvergruvan. The company is gearing up for a maiden diamond drilling campaign in early 2026 to further explore these discoveries.
- Rock sampling reveals gold grades up to 18.9 g/t Au and silver up to 17.7 g/t Ag
- Identification of multiple high-grade shoots and a new mineralised corridor
- Silvergruvan Prospect emerges as a high-priority drill target 2.4km from Harnäs Pit
- Structural analysis highlights district-scale potential with several new targets
- Comprehensive follow-up programs including historic drill assays and UAV magnetic surveys underway
Exploration Breakthrough at Harnäs
Ragnar Metals Limited has delivered a compelling update on its Harnäs Project in Sweden, confirming the presence of multiple zones of high-grade gold and silver mineralisation. Recent targeted rock sampling has yielded impressive assay results, with gold grades reaching as high as 18.9 grams per tonne and silver up to 17.7 grams per tonne. These findings not only validate the historical productivity of the area but also reveal new opportunities for exploration.
The standout discovery is the Silvergruvan Prospect, located approximately 2.4 kilometres southeast of the main Harnäs Pit. Here, rock samples have returned some of the highest grades to date, positioning Silvergruvan as a high-priority target for the company’s upcoming drilling campaign. This new target, combined with the delineation of multiple high-grade shoots around the Harnäs Pit, suggests the existence of an extensive mineralised corridor that could significantly enhance the project’s scale and value.
Structural Insights and District-Scale Potential
Beyond the assay results, Ragnar’s structural review using airborne magnetics and high-resolution elevation data has identified a major north-northwest structural intersection hosting both Harnäs and Silvergruvan. This geological setting is often associated with robust gold mineralisation, reinforcing the district-scale potential of the project. Several additional targets with similar structural characteristics have been earmarked for follow-up, indicating that the Harnäs region may host multiple undiscovered deposits.
Executive Director Eddie King highlighted the significance of these findings, noting the shallow nature of the mineralisation and the considerable untested extensions. He described the project as a rare opportunity to revitalise a historically productive gold mine within an underexplored Swedish gold belt, emphasizing that the company is just beginning to unlock its potential.
Next Steps – Drilling and Detailed Surveys
Ragnar is advancing a suite of follow-up programs to build on these promising results. This includes assaying approximately 215 metres of historic percussion drill samples that had not previously been tested, with results expected early in 2026. A high-resolution unmanned aerial vehicle (UAV) magnetic survey is planned to refine structural interpretations and prioritise targets.
Additionally, detailed channel sampling, photogrammetry, and pit modelling will commence once ground conditions permit, supporting future resource estimation and drill planning. The company is also finalising permits for its maiden diamond drilling program, scheduled for the first quarter of 2026, which will test down-dip and along-strike extensions of the mineralised system, as well as new structural targets identified through recent work.
Balancing Optimism with Caution
While the early results are encouraging, key uncertainties remain. The true widths of mineralisation at Silvergruvan are yet to be established, and the outcomes of historic drill sample assays and upcoming drilling will be critical in confirming the scale and continuity of the mineralised zones. Investors should watch closely as these next phases of exploration unfold, which will be decisive in shaping the project’s future trajectory.
Bottom Line?
Ragnar Metals is poised to transform early-stage discoveries into a significant gold resource, with drilling results in 2026 set to define the project's true potential.
Questions in the middle?
- Will the upcoming drilling confirm the continuity and true width of high-grade shoots at Harnäs and Silvergruvan?
- How will the assay results from historic percussion drill samples influence the overall resource model?
- What additional targets will emerge from the planned high-resolution UAV magnetic survey and further structural analysis?