Massan Useful resource Infill and Extension Drilling Delivers Extra Constructive Outcomes

West African gold explorer Asara Assets Restricted (ASX: AS1; Asara or Firm) is happy to announce the second set of outcomes from 11 drill holes (totalling 2,455m) from the Section 1 Reverse Circulation (RC) drilling program throughout the Massan deposit Mineral Useful resource Estimate (MRE) space at its flagship Kada Gold Venture (Kada) in Guinea.

HIGHLIGHTS

• Drilling so far has centered on growing geological confidence and on extending the down-dip mineralisation envelope on the Massan deposit throughout the Kada mission.
• The most recent outcomes show continuity between drillholes throughout the remaining Inferred areas, reinforcing confidence within the geological mannequin and confirming constant, broad zones of mineralisation.
• Depth-extension drilling past the US$1,800/oz pit shell confirms that mineralisation continues at depth, returning strong gold intersections inside recent rock and figuring out new zones of deeper mineralisation.
• Section 2 drilling will goal strike extensions to the north and south to additional develop the useful resource footprint.
• Notable gold intersections from the assays obtained for the latest eleven drillholes embrace:
  • MSRC25-014: 55m @ 1.0 g/t gold from 17m. Together with,
    7m @ 3.1 g/t gold from 28m.
    12m @ 1.35 g/t gold from 239m. Together with,
    5m @ 2.3 g/t gold from 244m.
  • MSRC25-015: 26m @ 0.9 g/t gold from 121m.
  • MSRC25-016: 7m @ 1.4 g/t gold from 143m.
    18m @ 1.1 g/t gold from 154m. Together with,
    5m @ 2.0 g/t gold from 146m.
  • MSRC25-017: 23m @ 1.2g/t gold from 64m. Together with,
    6m @ 3.8 g/t gold from 64m.
  • MSRC25-018: 12m @ 3.0g/t gold from 22m. Together with,
    7m @ 4.1 g/t gold from 26m.
    18m @ 1.0g/t gold from 221m. Together with,
    6m @ 2.0 g/t gold from 227m.
    6m @ 2.0g/t gold from 282m.
  • MSRC25-019: 1m @ 20.8g/t gold from 21m. 90m @ 1.0g/t gold from 226m. Together with,
    9m @ 1.8 g/t gold from 234m; and
    10m @ 3.0 g/t gold from 301m.
  • MSRC25-020: 5m @ 2.9g/t gold from 6m.
    13m @ 2.1g/t gold from 29m. Together with,
    4m @ 4.8 g/t gold from 35m.
    30m @ 1.9g/t gold from 109m. Together with,
    16m @ 3.0 g/t gold from 118m.
    20m @ 2.3g/t gold from 144m. Together with,
    9m @ 4.1 g/t gold from 144m.
  • MSRC25-021: 57m @ 1.2g/t gold from 3m. Together with,
    12m @ 2.0 g/t gold from 12m.
  • 41m @ 0.7g/t gold from 64m.
  • MSRC25-023: 33m @ 0.5 g/t gold from 41m.
  • MSRC25-023B: 8m @ 0.7 g/t gold from 0m.
  • MSRC25-024: 19m @ 1.5 g/t gold from 0m. Together with,
    8m @ 2.1 g/t gold from 0m.
    56m @ 0.7 g/t gold from 23m.
    10m @ 1.3 g/t gold from 156m. Together with,
    5m @ 2.2 g/t gold from 156m.

Further RC Drilling Outcomes Affirm Excessive-Grade Continuity at Massan Prospect

The Firm is happy to announce the receipt of assay outcomes from an additional eleven RC drill holes, totalling 2,455 metres, accomplished on the Massan prospect (Determine 1 and Determine 2). This part of drilling has been strategically designed to each infill the present drilling dataset by bettering geological confidence within the mineralised zones to a vertical depth of ~150 metres, and to check the down-dip depth extensions of the deposit past beforehand outlined depth limits (Determine 3 and Determine 4).

As with the earlier set of assay outcomes reported in September, this batch of assay outcomes from the drill holes drilled throughout the central portion of the Massan deposit has once more returned vital mineralised intersections, reinforcing the continuity and robustness of the mineralisation throughout the core zone and validating the accuracy of the geological mannequin towards which drillhole planning has been based mostly.

Matt Sharples, CEO of Asara, commented:

“The most recent batch of assay outcomes from the Section 1 drilling program on the Massan deposit at Kada is extremely encouraging. Not solely do they verify the widths and tenures of the anticipated grades, however most significantly, the intercepts have been encountered precisely the place predicted. This validates the accuracy of our geological mannequin, strengthens our understanding of the genesis of the gold and derisks our exploration focusing on. This enhances our success charge and continues to decrease our $/oz discovery price at a deposit which continues to develop in scale.

Each the reported depth-extension outcomes and the near-surface infill drilling have validated our focusing on and underscore the size of Massan. We’ll proceed to refine and replace our drill plan, and we sit up for receiving the following batch of assays, which is able to additional information and form our near-term exploration technique to extend geological confidence and make sure depth extensions.

Drilling exercise at Massan is because of ramp up with the upcoming arrival of the Sahara Assets AC/RC rig, which is able to undertake a strike extension drilling marketing campaign, designed to verify the size of the Massan deposit alongside strike, north and south, and doubtlessly develop the Inferred Mineral Useful resource element of the Kada Venture.”