Verity Resources Limited Accelerates Monument Gold Project with New Drill Results, Confirming Supergene Gold Trend and Paving the Way for a JORC Resource Upgrade
Wednesday, June 25, 2025
at
9:39 am
Verity Resources Limited’s recent drill results at its Monument Gold Project have confirmed promising near-surface gold trends. Early findings point to multiple high-priority targets and potential upgrade opportunities, fueling plans for further exploration and resource growth.
Verity Resources Limited has reported encouraging early-stage drill results from its Monument Gold Project in Western Australia’s Laverton Gold District. The company’s recent shallow aircore drilling at the Triton Prospect has confirmed a new trend of gold mineralisation approximately 5km northwest of its near-surface resource at the Korong deposit. Drill intercepts at Triton, including 12m at 0.20g/t Au and 4m at 0.20g/t Au, were identified beneath a robust surface anomaly at the favourable contact between mafic volcanics and siltstone. These results mirror the high-grade mineralisation seen at the nearby Fred’s Well Prospect, where previous drilling returned 24m at 3.24g/t Au, and suggest that the supergene gold system may be indicative of a higher-grade bedrock source at depth.
The announcement also highlighted promising geochemical and soil sampling results from the McKenzie Well target, where peak values reached up to 96ppb Au over extensive, structurally coherent anomalies hosted within Archean greenstone terrains. Although early drilling at the Star Well Prospect yielded only modest results, surface rock chip sampling continues to show high-grade readings up to 6.17g/t Au over a significant strike length. Meanwhile, preliminary tests at the Korong West Prospect did not return significant gold but do not discount the area’s potential, given its proximity to the established Korong resource and known structural complexity in similar deposits.
In addition to the technical drill results, Verity Resources Limited has provided an update on its resource upgrade strategy. The company is in the final stages of a comprehensive review of historical drilling data by Environmental Resources Management, with plans to infill and extend drilling along the Korong-Waihi BIF corridor immediately after the review. This strategy aims to upgrade and expand the existing JORC-compliant resource estimate of 154,000 ounces of gold and unlock further potential across more than 60 untested drill targets within the 195km² project area.
The forward look involves a series of follow-up programs including reverse circulation drilling to test deeper, higher-grade feeder zones at Triton, additional soil sampling and mapping at McKenzie Well, and detailed structural studies at Star Well and Korong West. These technical indicators signal potential for both lateral and depth extensions of the mineralised system, offering significant value exposure for the asset.
Market sentiment appears mixed. On one hand, the confirmed gold trend at Triton, strong geochemical responses at McKenzie Well and the positive correlation with established high-grade systems lend bullish support, suggesting that upcoming drilling could reveal additional high-value intersections and drive rapid resource growth. On the other hand, the modest intercepts at some targets and the need for further detailed structural interpretation at Star Well and Korong West introduce a cautious note, warranting more in-depth testing before fully pricing in the upside potential. Overall, while the news lays a robust technical foundation for further exploration, investors may want to observe the company’s ability to convert these early-stage discoveries into a significantly upgraded resource.