Verity Resources Finds Gold Anomaly Stretching 1.1km at Monument

Verity Resources (ASX: VRL) has defined new gold targets from infill and soil sampling across the Monument project in Western Australia. The standout result came from the newly-granted Gum Well tenement, where a coherent gold-in-soil anomaly runs approximately 1.1 kilometres of strike with a maximum reading of 64 parts per billion. The anomaly remains open to the north and south.

The Gum Well anomaly sits over a discrete magnetic feature that Verity interprets as a high-level intrusive. The company sees parallels with Genesis Minerals' Jupiter and Cameron Well deposits. Three independent datasets converge at the same footprint: the magnetic intrusive signature, outcropping copper-tellurium rock chip pathfinders, and the gold-in-soil anomaly. Verity secured the tenement in January after a regional targeting review confirmed varied stratigraphy, including high-level intrusive, ultramafic, mafic units, and banded cherts and iron formations.

The McKenzie Well target returned gold anomalism above 5ppb across the eastern portion of an interpreted granite-greenstone contact over 2.2km of strike. Sampling across the south-eastern portion of that contact identified gold anomalism over 1.1km strike, supported by a previous coherent gold-in-soil anomaly grading up to 48ppb roughly 400m west of Genesis' McKenzie Well deposit. That deposit hosts a resource of 950,000 tonnes grading 1.1 grams per tonne gold for 34,000 ounces.

Infill soil sampling at McKenzie Granite returned a maximum gold-in-soil value of 21ppb from the interpreted northern contact with the greenstone stratigraphy. At the Korong syenite, adjacent to the existing Korong resource, soil sampling returned anomalous values up to 264ppb gold – the highest individual result of the campaign. Surrounding samples ran between 5ppb and 29ppb gold. Verity said further infill sampling would be needed to assess the prospect's potential.

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 roughly 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 broadly correlates with the underlying stratigraphy and is supported by magnetic geophysics and field observations, indicating the anomalism is not solely from 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.