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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.012 -0.002 (-14.29%)+
Announcement
Release
7 Jul 2026 9:39AM
Price at Release
$0.014
Full Release
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Summary
Verity Resources Limited announced the identification of a new intrusion-related gold target at their Monument Project in Laverton, Western Australia. A significant gold-in-soil anomaly was discovered at the Gum Well prospect, located on newly acquired tenements. This discovery, along with further coherent gold-in-soil anomalism identified at McKenzie Well and McKenzie Granite, forms part of a broader exploration campaign. The findings, supported by magnetic and geophysical data, suggest a promising new exploration front in the Laverton Gold District. The company plans to conduct further infill sampling and mapping to advance these prospects toward drilling, with approximately 60 priority targets identified across the project.
Key Points
  • Verity Resources Limited announced new gold intrusive target at Monument Project, Laverton.
  • Gum Well identified as a high-priority intrusion-related gold target with significant pathfinder anomalies.
  • First-pass soil sampling on the Gum Well tenement revealed a 1.1km gold-in-soil anomaly.
  • The anomaly is coincident with a magnetic feature and remains open to the north and south.
  • McKenzie Well and McKenzie Granite have shown coherent gold-in-soil anomalism along significant strike lengths.
  • Korong Syenite prospect returned the highest individual Au soil sample result of 264ppb from the campaign.
  • Approximately 60 priority targets identified across the Monument Gold Project.
  • Further exploration including infill sampling and mapping is planned to advance targets towards drilling.
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.