100% Ownership of 5.8km of Exceptionally High-Grade Gold Belt
Haranga acquires control over the richest section of the famous “Mother Lode” belt at Sutter Creek, California, with an historic ~3.4 Moz gold production2 from the included leases
Gold Resource Reported in 2015 under NI 43-1012 (Non JORC)
Total Indicated & Inferred resources 286,000oz @ 9.3 g/t Au, including;
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- Lincoln & Comet: 189,000 oz @ 9.9 g/t Au Indicated and Inferred
- Medean: 97,000 oz @ 8.3 g/t Au Inferred
Extensive Drilling: 34,771m in 336 holes (RC & diamond)
Resource Extension Potential with gold deposits open along strike & at depth1
Existing Major Infrastructure Provides a Fast Track to Production
Over $90M1 in sunk capital, including:
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- 880m decline & 900m of level development
- Fully equipped processing plant & underground mine infrastructure
- Offices & workshop
Fully Permitted for Mining6, Processing and Exploration Drilling
The Lincoln Gold Mine is near production-ready with all major approvals secured1. Conditional Use Permits were granted by Amador County in 2007 and are perpetual. These allow 315,000 tonnes of ore per year to be processed with the ability to apply for amendments to increase this amount as the in-situ gold inventory increases.
Unrivalled District-Scale Expansion Potential
The granted Conditional Use Permit places Haranga in a superior position to build its land bank over dormant mines along the Mother Lode.
~8.4 Moz gold1,5 produced from Jackson-Plymouth segment of the Mother Lode
About half of the gold produced from the Mother Lode came from the left lateral jog between the towns of Jackson and Plymouth.The Lincoln Gold Mine lease package covers half of this segment and provides a commanding position of this Tier 1 gold region.
Path to JORC Resources & Production
The Company’s goal is to define at least +1 Million ounces of high-grade gold and execute a mine plan for large-scale production.
Next Steps
Financial & legal due diligence are in progress, shareholder approval, followed by an aggressive drilling campaign shortly after deal completion.
View the full Haranga Resources ASX Announcement here >>
Reports referenced in this release (refer to Haranga website for full details)
1. Geology and drilling information taken from report titled “Technical Report on the Lincoln Gold Project, California prepared for Seduli, June 2023”, Kenex available to view on https://haranga.com/investors
2. Geology, permitting and historical data taken from Tietz, P. G., Prenn, N. B., Ristorcelli, S., and Anderson, C., 2015 titled “Updated Technical Report on the Lincoln Mine Project, Amador County, California, prepared for Sutter Gold Mining Inc and available to view on https://haranga.com/investors
5. Historical and early resource data taken from Payne, M., 2008, “Mineral resource estimate, Sutter Gold project, Amador County, California: Prepared for Sutter Gold Mining Inc.” and available to view on https://haranga.com/investors
6. Environmental and Regulatory Evaluation, Lincoln Mine Project. (2018) Prepared by Golder Associates Inc for Sutter Gold Mining Incorporated and available to view on https://haranga.com/investors.