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Valiant Gold Limited (ASX:VAL)

ALERT: Price-sensitive ASX Announcement for VAL
Current share price for VAL : $0.190 -0.025 (-11.63%)+
Announcement
Release
16 Jun 2026 8:36AM
Price at Release
$0.215
Full Release
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Summary
Valiant Gold Limited announced the results of its maiden drilling program at South Emu-Triton, part of the Reedy Gold Project in Western Australia. The drilling targeted extensions below the existing mineral resource, revealing significant gold mineralisation. Highlights include drill hole 26REDD001_W5, which showed 34.2 meters at 2.97g/t Au from 1007.9m, including a section with 3.6 meters at 15.55g/t Au. These results confirm the extension of mineralisation approximately 400 meters below the existing resource, indicating significant potential for near-term resource growth. The mineralized system extends over a 100m horizontal width and remains open in all directions, prompting plans for infill drilling to upgrade resources from Inferred to Indicated status.
Key Points
  • Maiden drilling program at South Emu-Triton shows significant gold mineralisation extensions.
  • 26REDD001_W5 drill hole highlights include 34.2m at 2.97g/t Au, with a high-grade section at 15.55g/t Au.
  • Mineralisation extended approximately 400m below existing resource.
  • Potential for significant near-term resource growth.
  • Infill drilling planned to upgrade resources from Inferred to Indicated status.
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.