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.
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