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New Age Exploration Limited (ASX:NAE)
ALERT: Price-sensitive ASX Announcement for NAE
Current share price for NAE : $0.002 0 (0%)+
Announcement
Release
30 Jun 2026 8:46AM
Price at Release
$0.002
Full Release
Summary
New Age Exploration Limited (NAE) has announced a significant technical discovery of shear-hosted gold mineralization at the Bella Prospect, part of their Lammerlaw Gold-Antimony Project in New Zealand. The discovery, marked by drill hole LAMRC015 and its diamond core tail LAMDT015, suggests a new Macraes-style mineral system within the Lammerlaw Mineral Trend (LMT). The mineralisation is situated within a highly prospective tectonic-stratigraphic package, extending over 5 kilometers along strike. CEO Kirby Johnson highlighted the potential for a substantial mineral system at the Bella Prospect, with assays pending for an additional 14 drill holes. The historical Bella Mine, located near the LAMRC015 collar, focused on high-grade quartz veins but likely missed deeper shear-hosted mineralization due to the limitations of historical mining methods. This recent finding opens new exploration avenues for NAE, which holds a 100% interest in the minerals exploration permit covering the Lammerlaw Project.
Key Points
- NAE reports significant shear-hosted gold discovery at Bella Prospect.
- LAMRC015 and LAMDT015 confirm a potential Macraes-style mineral system.
- The discovery is part of the Lammerlaw Gold-Antimony Project in New Zealand.
- The mineralization is part of a 5 km long tectonic-stratigraphic package.
- Historical Bella Mine focused on quartz veins, missing deeper shear-hosted zones.
- CEO Kirby Johnson notes the potential for a substantial mineral system.
- Assays are pending for 14 more drill holes at the Bella Prospect.
- NAE holds a 100% interest in the exploration permit for the Lammerlaw Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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