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The latest announcement is out from Verity Resources ( (AU:VRL) ).
Verity Resources has secured Exploration Licence E39/2558 at its Monument Gold Project in Western Australia’s Laverton Goldfields, more than doubling its contiguous landholding to approximately 405km². The newly granted 210km² tenement, which lies adjacent to and along strike of Genesis Minerals’ large Laverton project and the Westralia gold deposit, is considered highly prospective and opens significant scope for resource growth beyond the current 154,000-ounce Korong-Waihi mineral resource. The company plans a geophysical review, historic data compilation and field reconnaissance to define new drill targets, with further assays pending from an 11,000m drilling campaign aimed at upgrading and expanding the existing resource, potentially enhancing Verity’s exploration portfolio and strategic position in a world-class gold district.
More about Verity Resources
Verity Resources Limited is an Australian gold exploration company listed on the ASX and FSE, focused on its 100%-owned Monument Gold Project in Western Australia’s Laverton Goldfields. The project now covers about 405km² and hosts a 154,000-ounce inferred mineral resource at the Korong and Waihi deposits along roughly 20km of largely untested banded iron formation, in a region that also hosts major deposits operated by Genesis Minerals.
Average Trading Volume: 2,857,444
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.32M
Learn more about VRL stock on TipRanks’ Stock Analysis page.