An announcement from Verity Resources ( (AU:VRL) ) is now available.
Verity Resources Limited has announced significant advancements in its exploration activities at the Monument Gold Project in Western Australia. The company is undertaking a comprehensive review of its Korong and Waihi resources to support an upgraded JORC confidence level and potential resource expansion. Additionally, Verity is progressing with greenfields exploration at several prospects, including Star Well and Triton, with planned drilling programs to test underexplored gold targets. The project is strategically located in a prolific gold district, offering the potential to delineate a district-scale gold system. Funding for these exploration programs will be supported by a rights issue aimed at raising approximately $1.1 million.
More about Verity Resources
Verity Resources Limited is a company operating in the mining industry, primarily focused on gold exploration. The company is engaged in advancing its Monument Gold Project located in the Laverton gold district of Western Australia, which is known for its rich gold deposits. Verity Resources aims to expand and upgrade its gold resource base by exploring both brownfields and greenfields targets within its 195 square kilometers of tenure.
Technical Sentiment Signal: Sell
Current Market Cap: $2.11M
See more data about VRL stock on TipRanks’ Stock Analysis page.