Drill program confirms extension of mineralisation at Monument Gold Project

Project Name: Monument Gold Project
Project Location: Laverton, Western Australia (WA)
Project Stage: Exploration

ProjectBank Summary:
Verity Resources Limited (ASX:VRL) has received final assay results from its aircore (AC) and reverse circulation (RC) drilling program at the Fred’s Well Prospect, within the Monument Gold Project. The drilling has confirmed a 1.1km mineralised gold strike trend, extending known mineralisation northwest of the 3.2Mt @ 1.4g/t Au Korong Mineral Resource Estimate. Significant intercepts include 24m @ 3.24g/t Au, including 12m @ 6.35g/t Au, as well as multiple other gold-bearing zones. The company is planning a pit optimisation study in 2025, aiming to capitalise on rising gold prices and potential resource extensions.

Verity Resources Highlights:

• 1.1km mineralised strike confirmed at Fred’s Well Prospect, 2km northwest of Korong.

• Best intercepts include:

  • 24m @ 3.24g/t Au (incl. 12m @ 6.35g/t Au).

  • 8m @ 2.09g/t Au and 12m @ 1.01g/t Au.

  • 3m @ 2.98g/t Au, ending in mineralisation.

• 60+ additional untested drill targets across the broader Monument Gold Project.

• Pit optimisation studies to begin in 2025 for Korong and Waihi deposits.