Verity Resources Limited Accelerates 154,000oz Gold Resource Upgrade with Strategic Drilling and Metallurgical Insights at Monument Gold Project
Friday, May 30, 2025
at
9:31 am
Verity Resources Limited advances its Monument Gold Project in Western Australia’s prime Laverton district. Completed aircore drilling at high-grade targets underpins a resource upgrade strategy, with promising assay results due early June, potentially paving the way for significant expansion in a leading gold exploration region.
Verity Resources Limited has advanced its Monument Gold Project in Western Australia’s renowned Laverton Gold District with a series of noteworthy exploration activities. The company completed an aircore drilling program across three anomalous gold targets—Star Well, Triton, and Korong West—in a focused effort to test interpreted structural and stratigraphic targets highlighted by earlier surface sampling. A total of 19 drill holes covering 757 meters were completed, and the collected samples have now been submitted for multi-element analysis, with assay results expected in early June.
The company’s strategy is twofold. Alongside drilling at newly targeted zones outside the existing 154,000-ounce gold resource, Verity Resources Limited is also implementing a resource upgrade strategy. This includes a comprehensive review of historical drilling data and a planned campaign of infill and step-out drilling that aims to deliver an upgraded Mineral Resource Estimate in line with JORC (2012) confidence levels. The review program, conducted by Environmental Resources Management, is expected to be completed early June, setting the stage for a focused resource enhancement campaign.
In parallel, a scope of work analysis for a metallurgical testwork program on the 154,000-ounce gold resource is underway. This initiative is designed to evaluate optimal gold recovery processes by examining ore variability, grind size sensitivity, gravity recovery potential, and cyanide leach performance. Such studies are central to de-risking the project and providing critical input for future scoping and feasibility studies.
The Monument Gold Project spans approximately 195 square kilometers and is strategically situated adjacent to established gold projects in the district. The geological setting includes nearly 20 kilometers of untested banded iron formation, which not only hosts the current inferred resource from the Korong and Waihi deposits but also potentially harbors around 60 additional untested drill targets. This expansive prospectivity, combined with modern exploration techniques, underlines the project’s potential to delineate a district-scale gold system.
Bullish sentiment is supported by several positive indicators. The ongoing drilling program has confirmed the presence of gold anomalism at multiple targets, and the anticipated assay results could unlock further value in the project. The company’s commitment to enhancing the existing resource through systematic infill and step-out drilling, along with anticipated improvements in metallurgical recovery processes, further bolsters its outlook. Conversely, caution is warranted due to pending assay outcomes and the inherent uncertainties tied to early-stage exploration. Until the assay data and metallurgical test results are released, there remain risks associated with resource reclassification and future feasibility.