Verity Resources Limited Taps Leading Structural Geologist to Accelerate 154,000 oz Gold Resource Upgrade at Monument Gold Project
Wednesday, July 9, 2025
at
8:48 am
Verity Resources Limited has appointed renowned structural geologist Dr Rick Gordon from Xirlatem Pty Ltd to lead the resource upgrade and expansion at its Monument Gold Project. His expertise will drive enhanced drilling programs, mineral resource reclassification, and broader exploration efforts.
Verity Resources Limited has announced the appointment of Xirlatem Pty Ltd, with structural geologist Dr Rick Gordon leading as the company’s strategic advisor, to drive technical oversight at its Monument Gold Project in Western Australia. The project, set in the Laverton Gold District and adjacent to a major multi-million ounce gold operation, currently holds a JORC (2012) compliant inferred resource of approximately 154,000 ounces of gold hosted across Korong and Waihi deposits. The firm’s updated strategy focuses on upgrading this resource to Indicated status through a targeted infill and step-out drilling programme along an underexplored banded iron formation corridor.
The appointment of Dr Gordon brings extensive experience from previous leadership roles at top-tier companies, and his expertise in structural geology and gold systems is expected to bolster the company’s drilling and resource growth initiatives. His responsibilities will include technical oversight of drilling, geology, mining licence application, and future scoping studies—all crucial steps in progressing towards potential production. Simultaneously, the company has engaged Environmental Resources Management to review historical drill data, ensuring that the strategy is informed by comprehensive technical insights.
The Monument Gold Project covers a significant tenure of 195 km², with additional high-priority targets identified along over 20 km of strike and approximately 60 untapped gold targets. With resource upgrade-focused drilling scheduled to commence imminently at the Korong deposit, Verity Resources Limited aims to expand the current resource base and enhance its classification under the JORC guidelines.
Bullish sentiment is driven by the appointment of a highly qualified technical advisor, a detailed upgrade plan with imminent drilling, and the project's proximity to established gold operations. Positive technical advancements, strategic project alignment, and extensive potential for resource expansion underscore a promising outlook for the project. Conversely, bearish concerns may arise from the inherent risks tied to exploration projects, such as uncertainties in drilling results and the challenges involved in successfully transitioning inferred resources to higher classification levels. Overall, the news reflects a proactive approach to leveraging technical expertise and upgrading resource quality in a renowned gold region.