Tuesday 25 February 2025 03:06 GMT

Verity Resources Ltd (ASX:VRL) Quarterly Activities Report


(MENAFN- ABN Newswire)

Verity Resources Limited (ASX:VRL) is pleased to provide its quarterly activities report for the three-month period ending 31 December 2024.
HIGHLIGHTS
Monument Gold, Western Australia
- Follow up infill drilling at Fred's Well Prospect completed and intersected Gold mineralisation that confirms a 1.1km mineralised gold strike trend 2km northwest of the Monument Gold Project's nearsurface 3.2Mt @ 1.4g/t Au Korong Mineral Resource Estimate
- Results received post-quarter demonstrate a potentially new mineralised zone near surface to add to the current Resource Estimate. Latest and past results include
o 24m @ 3.24g/t Au (MOAC262 from 44m) including 12m @ 6.35g/t Au
o 8m @ 2.09g/t Au (MOAC265 from 40m)
o 8m @ 1.48g/t Au (MOAC256 from 36m)
o 12m @ 1.01g/t Au (MOAC277 from 20m)
o 10m @ 0.68g/t Au (FWRC002 from 52m) including 2m @ 2.28g/t Au
o 4m @ 1.00g/t Au (FWRC002 from 81m) including 1m @ 2.89g/t Au
- Pit optimisation studies to commence in 2025 on the near-surface Korong (3.0Mt @1.4g/t Au) and Waihi (0.2Mt @ 2.1g/t Au) deposits following significant increase in gold prices since Mineral Resource Estimation in 2021. Both MRE remain open in all directions
- Over 60 additional untested BIF, basalt and intrusion-hosted gold drill targets at the Monument Gold Project remain to be tested
Pimenta REE-Nb, Brazil
- Surface reconnaissance program commenced over a distinct 26km radiometric strike at the Pimenta Project in eastern Minas Gerais, with potential for allanite-hosted (similar to American Rare Earths Limited ASX-ARR 2.63Bt @ 3,926ppm TREO MRE) and clay-hosted REE and potentially niobium
- Program completed at quarter end and results expected in coming weeks Caldera REE, Brazil
- No activity for the quarter in addition to the previously announced ultra high grade Caldera prospect with previous auger drill intercepts including 5m @ 4,526ppm TREO and 34% MREO from surface
Copper-Silv r-Nickel-PGE, Botswana
- Discussions continuing for potential corporate event regarding the Botswana portfolio of projects including the Maibele North 2.4Mt @ 1% Niequiv JORC Inferred Resource, Dibete Copper-Silver (up to 13% Cu and 281g/t Ag) and Airstrip Copper-Silver (up to 57% Cu and 2,483g/t Ag)
*To view the full Quarterly Report, please visit:
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Jim Malone Managing Director T +61 (0) 419 537 714 ... Ben Creagh Investor Relations T +61 (0) 417 464 233 ...

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