Ragnar Metals has completed a 14-hole diamond drilling program totaling 1,359 metres at the Harnas Gold Project, returning multiple shallow gold intercepts highlighted by 13.5 metres at 1.6 g/t gold from 46.5 metres, including a high-grade interval of 1 metre at 13.6 g/t gold in hole RAG06.

The maiden program targeted extensions to known mineralisation and prospective high-grade shoots. Drilling on the eastern margin of the historical open pit intersected 12 metres at 1.1 g/t gold from 18 metres in hole RAG09, including 1 metre at 5.7 g/t gold, beneath surface channel sampling that previously returned 3 metres at 3.3 g/t gold.

Several holes also tested broader zones of disseminated mineralisation. Hole RAG04 returned 36 metres at 0.54 g/t gold from 59 metres, including 8 metres at 1.0 g/t gold and 1 metre at 4.6 g/t gold, with supportive results from hole RAG05 intersecting 24.6 metres at 0.6 g/t gold from 65.8 metres. Integrating these new assays with historical data indicates the presence of at least five interpreted high-grade gold shoots that remain open at depth and down plunge.

“The results, including grades of up to 13.6 g/t Au, support our interpretation that Harnäs hosts multiple higher-grade gold shoots that remain open at depth and down plunge. These provide clear targets for follow-up drilling and demonstrate the potential to materially expand the known mineralised footprint.”

— Steve Formica, Non-Executive Chairman

Planning and permitting are now underway for a 3D Downhole Induced Polarisation survey in collaboration with GeoVista, designed to map chargeability and resistivity around existing drill holes to identify sulphide-bearing and silicified zones at depth ahead of a subsequent phase of drilling.

Ragnar's broader exploration activities at Harnäs also include evaluating regional prospects to the south, such as Silvergruvan, where previous rock-chip sampling returned up to 18.9 g/t gold and 17.7 g/t silver.

Read the full announcement: Drilling Intersects High Grade Gold at Harnas