Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Verity Resources ( (AU:VRL) ) has shared an announcement.
Verity Resources has reported further encouraging assay results from 11 reverse circulation infill drill holes in its Phase 2 program at the Korong deposit, part of the Monument Gold Project in Western Australia, returning strong and repeatable gold intercepts that confirm the BIF-hosted lode model and grade continuity within the existing 139,000-ounce Korong resource envelope. With results now received from 20 Phase 2 holes totaling 2,500 metres and assays pending from a further 67 holes across Korong, Waihi and regional targets, the company says the consistency of mineralisation underpins its strategy to upgrade portions of the current 154,000-ounce Inferred Resource to higher confidence categories in an updated mineral resource estimate and supports a broader growth narrative, given that only about 10% of the project’s 20km BIF trend has been systematically drilled to date.
More about Verity Resources
Verity Resources Limited is a gold exploration and development company listed on the ASX and FSE, focused on its 100%-owned Monument Gold Project in the Laverton Goldfields of Western Australia. The project currently hosts a JORC (2012) Inferred Resource of 154,000 ounces across the Korong and Waihi deposits, with exploration targeting banded iron formation (BIF)-hosted and structurally controlled gold mineralisation along a largely untested 20km BIF trend.
Average Trading Volume: 2,839,355
Technical Sentiment Signal: Sell
Current Market Cap: A$10.16M
Find detailed analytics on VRL stock on TipRanks’ Stock Analysis page.