High-Grade Gold Sampling at Harnäs: Up to 3m at 3.3 g/t Au Confirmed

Exploration Update at Harnäs

Ragnar Metals Limited has delivered a promising exploration update from its Harnäs Project in Sweden, reinforcing the potential of this historic gold mining area. Recent channel and rock chip sampling within the walls of the Harnäs pit have returned encouraging high-grade gold results, confirming extensions to previously known mineralised veins. These findings validate historical data and provide a strong foundation for the company’s upcoming drilling campaign.

Sampling Highlights and Geological Insights

The channel sampling program, conducted along the southeastern and western walls of the pit, revealed gold grades of up to 3 metres at 3.3 grams per tonne (g/t) including 2 metres at 4.6 g/t. Selective rock chip samples from discrete zones yielded even higher grades, with assays reaching 36.6 g/t and 8.4 g/t. These results confirm multiple mineralised zones remain open, particularly along the southeastern margin where mineralisation extends beyond previously drilled areas.

Along the western edge, channel and rock sampling also identified mineralisation consistent with geophysical anomalies, supporting the presence of additional gold-bearing structures. The alignment of these zones with induced polarisation (IP) chargeability and conductivity anomalies provides compelling targets for imminent drill testing.

Regulatory Approvals and Drilling Plans

Crucially, Ragnar Metals has secured all necessary regulatory permits under the Swedish Minerals Act, with approvals from the landowner, Mining Inspectorate, County Administrative Board, and Årjäng Municipality now in place. Environmental consultations have concluded with no further approvals required, clearing the way for exploration activities.

With permits granted, a diamond drill rig is currently mobilising to site, marking the commencement of Ragnar’s maiden drilling program at Harnäs. This program aims to systematically test down-dip and along-strike extensions of the known mineralised system, including unmined vein segments and newly identified structural targets.

Strategic Outlook and Next Steps

Beyond drilling, Ragnar plans to deploy a high-resolution UAV magnetic survey to refine structural interpretations and prioritise additional drill targets across the project area. The combination of geophysical data and recent sampling results enhances confidence in the district-scale potential of Harnäs.

Executive Director Eddie King emphasised the significance of these developments, noting that the results validate historical workings and highlight substantial upside potential. As drilling begins, the market will be watching closely for assay results that could underpin a resource upgrade and further project advancement.