Asara Resources Unveils Depth and Strike Extensions at Massan Gold Deposit

Strong Continuity and Depth Extensions at Massan

West African gold explorer Asara Resources Limited (ASX, AS1) has announced encouraging results from its ongoing drilling program at the Massan deposit, part of its flagship Kada Gold Project in Guinea. The latest batch of assays, comprising 16 drill holes totaling 3,593 metres, confirms broad zones of gold mineralisation with consistent grades and thicknesses. Importantly, the drilling has extended mineralisation beyond the previously defined resource boundaries, particularly at depth, reinforcing the potential for resource growth.

The Massan deposit, situated within the Siguiri Basin, is interpreted as an orogenic gold system with mineralisation hosted in structurally controlled shear zones. The recent drilling results validate the geological model underpinning the deposit, with mineralised intercepts appearing in predicted positions and demonstrating continuity between drill holes. This continuity is crucial for upgrading the confidence level of the resource from Inferred to Indicated categories.

Focused Drilling Strategy and Resource Growth

Phase 1 of the drilling program has been strategically designed to infill existing drill data and test down-dip extensions of the Massan deposit. The program aims to improve geological confidence and convert Inferred Resources to Indicated, a key step towards advancing the project’s development. The company reports multiple significant intercepts, including intervals with grades exceeding 3 g/t gold over several metres, and some high-grade zones such as 1m at 16.6 g/t gold.

Following the completion of Phase 1 drilling, Phase 2 has commenced with a focus on strike extensions to the north and south of the current resource footprint. This phase involves approximately 160 drill holes planned to test along-strike mineralisation, potentially expanding the resource base further. The arrival of a new Sahara Resources AC/RC rig in December 2025 is expected to accelerate drilling activity and support these expansion efforts.

Project Context and Strategic Focus

The Kada Gold Project currently holds an Indicated and Inferred Mineral Resource Estimate of 30.3 million tonnes at 1.0 g/t gold, equating to approximately 923,000 ounces. This resource is predominantly oxide and transitional gold mineralisation, which is generally more amenable to extraction. Asara is concurrently pursuing the divestment of its Chilean copper-silver-lead-zinc project to concentrate its efforts and capital on advancing the Kada project.

CEO Matt Sharples emphasised the significance of the drilling results, noting that the outcomes provide increased confidence in the geological model and support the scale potential of the Massan deposit. The company plans to continue drilling through the third quarter of fiscal 2026, with a second drill rig being mobilised to maintain momentum.

Technical Assurance and Next Steps

The drilling and sampling programs adhere to rigorous quality assurance and quality control protocols, with assays conducted by certified laboratories using industry-standard fire assay methods. The data supports ongoing resource estimation updates and feasibility studies. Asara’s methodical approach to drill planning, which is iteratively refined based on assay results, positions the company well to delineate further mineralisation and enhance resource confidence.

Looking ahead, the market will be watching for further assay results from Phase 2 drilling and any subsequent resource upgrades. The company’s ability to expand and upgrade the Massan deposit will be critical in underpinning its development pathway and attracting investment interest.