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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.013 -0.005 (-27.78%)+
Announcement
Release
18 May 2026 9:49AM
Price at Release
$0.018
Full Release
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Summary
Verity Resources Limited has announced the commencement of a 56-hole, approximately 2,800-meter Aircore (AC) drilling program at the Monument Gold Project in the Laverton Goldfields, Western Australia. This initiative targets five priority gold prospects: Perseverance, A1, A4, Korong Syenite, and Cooper Well, aiming to explore extensions of mineralization along the 405 km² project area. The program seeks to enhance the understanding and expansion of the project's mineralized trends, particularly focusing on the banded iron formation (BIF) corridor which hosts the existing 138,000oz Global Mineral Resource at Korong and Waihi. The drilling strategy is part of Verity's dual track approach to both mine development and resource discovery, building on the successful recent release of a Maiden Indicated Resource. Verity Resources Limited owns 100% of the Monument Gold Project and seeks to explore further targets not previously systematically tested.
Key Points
  • Drilling begins across five gold targets at Monument Gold Project.
  • 56-hole, 2,800-meter AC drilling program focuses on Perseverance, A1, A4, Korong Syenite, and Cooper Well.
  • Objective to explore and expand mineralization along main trends.
  • Monument Gold Project covers 405 km² in the Laverton Goldfields.
  • Part of a dual track strategy focusing on mine progression and resource discovery.
  • Existing 138,000oz Global Mineral Resource at Korong and Waihi targeted for expansion.
  • Banded iron formation hosts Genesis Minerals’ 1.4Moz Westralia deposit.
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.