Drilling Intersects High Grade Gold at Harnas

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Stock Ragnar Metals Ltd (RAG.ASX)
Release Time 17 Aug 2026, 8:09 a.m.
Price Sensitive Yes
 Ragnar Metals Announces High-Grade Gold Intersections at Harnas
Key Points
  • Assay results from 14 diamond drill holes at Harnas Gold Project
  • High-grade gold intersections up to 13.6 g/t Au
  • Multiple mineralized shoots remain open at depth and down plunge
  • Planning underway for 3D Downhole Induced Polarisation survey
Full Summary

Ragnar Metals Limited has reported promising results from its diamond drilling program at the Harnas Gold Project, intersecting multiple zones of shallow gold mineralization with high-grade gold shoots. The 14-hole program targeted extensions to known gold mineralization and potential high-grade shoots. Key results include a 13.5-meter intersection at 1.6 g/t Au, including 1 meter at 13.6 g/t Au, and a 12-meter intersection at 1.1 g/t Au, including 1 meter at 5.7 g/t Au. These results support the presence of at least five interpreted high-grade gold shoots, all of which remain open at depth and down plunge. The company is now planning a 3D Downhole Induced Polarisation survey to further refine targets for the next phase of drilling.

Outlook

The company is optimistic about the potential for further expansion of the mineralized system at Harnas, with several high-grade shoots remaining open for deeper exploration.