Asara Resources Awards Drilling Contract for Campaign at Guinea Gold Project; Shares Rise 5%

MT Newswires Live

2025/04/01

Asara Resources (ASX:AS1) awarded the drilling contract for the planned drilling program at the Kada gold project in Guinea to Capital Drilling Guinea-SA, according to a Tuesday Australian bourse filing.

The firm is a subsidiary of London Stock Exchange-listed Capital, the filing said.

The program includes up to 22,000 meters of reverse circulation and 4,000 meters of diamond core drilling, set for completion by the end of the year.

It seeks to infill the existing drilling at the Massan deposit, increase geological confidence, and explore down-dip and along-strike extensions to known mineral-bearing structures.

Shares of Asara Resources rose 5% in recent trade.

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