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Verity Resources Secures Drill Rig for Monument Gold Project Expansion

Story Highlights
  • Verity Resources focuses on gold exploration at the Monument Gold Project in Western Australia.
  • The company has initiated a drilling campaign to upgrade and expand its gold resources.
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Verity Resources Secures Drill Rig for Monument Gold Project Expansion

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The latest update is out from Verity Resources ( (AU:VRL) ).

Verity Resources Limited has secured a drilling contract with Topdrill Pty Ltd to commence the first phase of its resource upgrade and expansion drilling campaign at the Monument Gold Project. The program aims to increase the scale and confidence of its 154koz gold resource, with a focus on upgrading the Korong resource to an Indicated confidence level. This initiative is part of a multi-stage drilling campaign that includes infill drilling, twinning of historical drill holes, and step-out holes to expand the mineralization footprint, ultimately advancing the project towards development readiness.

More about Verity Resources

Verity Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Monument Gold Project located in the Laverton Goldfields of Western Australia, where it aims to expand and upgrade its gold resources.

Average Trading Volume: 4,322,457

Technical Sentiment Signal: Sell

Current Market Cap: A$7.27M

Learn more about VRL stock on TipRanks’ Stock Analysis page.

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