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Verity Resources ( (AU:VRL) ) has issued an update.
Verity Resources has materially expanded the known mineralised footprint at its Monument Gold Project, with step-out drilling increasing the confirmed strike length at the Korong deposit from about 900 metres to over 1,400 metres and at Waihi from roughly 150 metres to more than 800 metres. Both deposits remain open along strike and at depth, supported by shallow and deeper high-grade intercepts that demonstrate continuity of gold mineralisation well beyond existing resource boundaries.
The company says these results indicate that the current 154,000-ounce resource reflects only a fraction of the broader mineralised system and underpin substantial growth potential along a 20-kilometre prospective corridor. An updated mineral resource estimate incorporating the 2025–2026 drilling campaign is targeted for April 2026, with management expecting a confidence upgrade for parts of Korong and Waihi from Inferred to Indicated status, which could enhance project economics and visibility for shareholders and potential partners.
More about Verity Resources
Verity Resources Limited is an Australian gold exploration company listed on the ASX and Frankfurt exchanges, focused on advancing its 100%-owned Monument Gold Project in Western Australia. The company is targeting banded iron formation (BIF)-hosted gold deposits, particularly the Korong and Waihi deposits, as it seeks to grow its resource base and improve project scale.
Average Trading Volume: 3,407,172
Technical Sentiment Signal: Sell
Current Market Cap: A$10.8M
Find detailed analytics on VRL stock on TipRanks’ Stock Analysis page.