Verity Resources Defines New Gold Anomalies with Infill and Soil Sampling at Monument Targets

Verity Resources (ASX: VRL) has defined new gold intrusive targets and anomalies from infill and soil sampling at the Gum Well, Star Well, McKenzie Well, McKenzie Granite, and Korong Syenite targets within its Monument gold project in Western Australia.

First-pass coverage on the newly-granted Gum Well tenement defined a coherent gold-in-soil anomaly over approximately 1.1 kilometres of strike with a maximum gold-in-soil value of 64 parts per billion, remaining open to the north and south.

This anomaly is thought to be spatially coincident with a discrete magnetic feature interpreted as a high-level intrusive, analogous to Genesis Minerals’ (ASX: GMD) Jupiter and Cameron Well deposits.

The convergence of three independent datasets at Gum Well—namely, a magnetic intrusive signature, outcropping copper-tellurium rock chip pathfinders, and a coherent gold-in-soil anomaly—over the same footprint has created a compelling walk-up intrusion-related target for Verity.

Verity secured the tenement in January following a regional targeting review where field reconnaissance confirmed varied and prospective stratigraphy, including the occurrence of high-level intrusive, ultramafic, and mafic units and banded cherts and iron formations (BIF).

New Gold Anomalism

The McKenzie Well target returned gold anomalism of more than 5ppb across the eastern portion of an interpreted granite-greenstone contact over 2.2km of strike.

Sampling across the south-eastern portion of the contact identified gold anomalism over 1.1km strike, supported by a previous coherent gold-in-soil anomaly grading up to 48ppb approximately 400m west of Genesis’ McKenzie Well deposit, which hosts a resource of 950,000 tonnes grading 1.1 grams per tonne gold for 34,000 ounces.

Meanwhile, infill soil sampling at McKenzie Granite returned a maximum gold-in-soil value of 21ppb from the interpreted northern contact with the greenstone stratigraphy.

Soil sampling within the interpreted position of the Korong syenite adjacent to the existing Korong resource returned anomalous values up to 264ppb gold, considered the highest individual result of the campaign.

Surrounding samples returned between 5ppb and 29ppb gold, with Verity confirming that further infill sampling would be required to support the potential of the prospect.

High-Grade Assays

Soil sampling at Star Well delivered high-grade assays up to 44ppb gold along trend from existing anomalism within a favourable lithological package of mafic volcanics, chert, BIF, and felsic gneiss over approximately 8km of strike.

Previous surface sampling returned high-grade rock chips of up to 6.17g/t gold, with multiple samples exceeding 1g/t gold over approximately 40m strike of outcropping chert and BIF.

Surface gold anomalism across Star Well is broadly correlated with the underlying stratigraphy and supported by magnetic geophysics and field observations, indicating that gold anomalism is not due solely to the influence of transported material.

Verity director Patrick Volpe said the sampling results would create a broader selection of drill targets for the project.

“With approximately 60 targets identified across Monument and each campaign systematically de-risking the most prospective corridors, we are building a discovery pipeline commensurate with our address in one of Australia’s premier gold districts,” he said.