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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.012 -0.009 (-42.86%)+
Announcement
Release
27 Oct 2025 9:47AM
Price at Release
$0.021
Full Release
download
Summary
Verity Resources Limited (ASX: VRL, FSE: 48B0) has completed a Pole-Dipole Induced Polarisation (IP) survey at the Perseverance prospect within their Monument Gold Project in Western Australia. This survey is part of a systematic effort to test BIF-hosted gold targets along a 20km corridor, where only 10% has been drilled to date. The Perseverance prospect, located near the Korong-Waihi 154koz Mineral Resource Estimate, stands as a promising site with previous rock chip samples revealing up to 21.5g/t Au. The IP survey investigated a 500m strike zone to a depth of 250m to identify potential gold sulphide targets. Anomalous targets identified will be followed by RC drilling. This initiative is part of a broader strategy to enhance Verity's exploration targets along the Korong-Waihi corridor, with the aim of adding to the Monument resource.
Key Points
  • Completion of Pole-Dipole IP survey at Perseverance prospect.
  • Systematic testing of BIF-hosted gold targets along a 20km corridor.
  • Perseverance located near Korong-Waihi 154koz Mineral Resource Estimate.
  • Previous rock chip samples showed up to 21.5g/t Au.
  • IP survey covered 500m strike zone to define gold sulphide target zones.
  • Anomalous targets identified for follow-up RC drilling.
  • 10% of the 20km corridor drilled to date.
  • Potential to add to Monument resource.
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.