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Verity Resources ( (AU:VRL) ) has issued an update.
Verity Resources Limited has announced the commencement of a resource upgrade and expansion drilling campaign at its Monument Gold Project in Western Australia. The initial phase involves a 3,600-meter RC drill program aimed at upgrading the Korong deposit’s resource to an Indicated confidence level and progressing towards a mining license. This initiative is part of a broader multi-stage drilling strategy, which includes resource extension and metallurgical testing, with the potential for significant resource expansion as mineralization remains open in all directions.
More about Verity Resources
Verity Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Monument Gold Project located in the Laverton Goldfields of Western Australia, a region known for its prolific gold deposits.
YTD Price Performance: 26.32%
Average Trading Volume: 4,382,239
Technical Sentiment Signal: Sell
Current Market Cap: A$6.71M
For a thorough assessment of VRL stock, go to TipRanks’ Stock Analysis page.