Verity Resources Limited has announced that work will soon commence on an extensive resource upgrade and expansion drilling campaign at its Monument Gold Project located in Western Australia’s prolific Laverton Goldfields. The project, which holds a 154,000-ounce gold resource, will now benefit from an updated announcement incorporating additional historical drill intercept data from the Korong deposit. This revised communication reaffirms that no new critical data affecting the project has emerged since earlier disclosures. The company’s imminent 3,600-meter reverse circulation drill program will target the 139,000-ounce Korong deposit, aiming to upgrade the existing geological confidence level from the current inferred classification to an indicated status. Historical results at Korong include intercepts such as 7 meters at 13.15 grams per tonne gold and 6 meters at 7.24 grams per tonne gold, highlighting the attractive grade potential within this area. The initial program, consisting of 54 drill holes, will focus on infill drilling, twinning of historical holes, and several step-out holes intended to expand the mineralisation footprint. In addition to resource definition, the campaign is expected to yield samples for early metallurgical testing, a key step in understanding the processing characteristics of the gold hosted within the banded iron formation. The Monument Gold Project spans approximately 195 square kilometres and sits adjacent to a major gold operation, adding to the project’s strategic appeal. With over 60 additional drill targets identified along extensive, under-tested banded iron formations and other lithologies, Verity Resources is positioning itself for further potential discoveries. Future drilling phases will include diamond drilling to probe at depth, ensuring that the emergence of new mineralised zones or resource extensions can be systematically evaluated. Market sentiment in response to this development could be seen as mixed. On the bullish side, the initiation of a structured drilling program, combined with high-grade historical intercepts and the possibility of upgrading the resource classification, presents a promising pathway for increasing shareholder value. The project’s location in a well-regarded gold district and its potential for further discovery add to its attractiveness. On the bearish side, the inherent risks of exploration remain, including uncertainties in geological continuity, potential delays in drilling due to weather conditions, and the challenges of converting inferred resources to a mineable status. The success of this campaign depends on timely execution and positive drilling outcomes, which means investors should remain cautious amid the exploration risks. Verity Resources Limited’s drilling campaign represents a significant step in advancing the economic potential of the Monument Gold Project. The company’s focus on systematically enhancing resource confidence and identifying additional targets underscores its commitment to establishing a robust foundation for future scoping studies and progressing towards a mining licence application.