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An announcement from Verity Resources ( (AU:VRL) ) is now available.
Verity Resources has reported new Phase 2 drilling results from the Waihi deposit at its Monument Gold Project, with reverse circulation infill and step-out holes returning high-grade intercepts of up to 21.3 grams of gold per tonne. The assays from 33 holes confirm strong, repeatable BIF-hosted mineralisation within the existing 15,000-ounce Waihi resource and, crucially, demonstrate that the gold-bearing system extends beyond the current inferred resource outline. These results bolster confidence in the geological model, support a planned resource upgrade, and suggest potential for future resource growth, with more than half of the broader 11,000m drilling program assays still pending and most of the 20km trend yet to be systematically explored.
More about Verity Resources
Verity Resources Limited is an Australian gold exploration and development company focused on its 100%-owned Monument Gold Project in the Laverton Goldfields of Western Australia. The project targets banded iron formation (BIF)-hosted gold mineralisation along a ~20km trend, where only a small portion has been systematically drilled, leaving multiple structural and syenite-associated targets still to be tested.
Average Trading Volume: 2,955,859
Technical Sentiment Signal: Sell
Current Market Cap: A$10.57M
See more insights into VRL stock on TipRanks’ Stock Analysis page.