Latest news with #VerityResources
Herald Sun
09-07-2025
- Business
- Herald Sun
Break it Down: Advisor leads gold growth at Genesis' small cap neighbour
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully takes a look at Verity Resources (ASX:VRL), which is working to become a significant player in the West Australian gold scene. The company has appointed Xirlatem and its renowned structural geologist Doctor Rick Gordon to oversee expansion plans at Verity's Monument Gold Project. Tune in to hear all about it. While Verity Resources is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Advisor leads gold growth at Genesis' small cap neighbour Stockhead The ASX fell 0.31pc by lunchtime in the east, sliding as traders rotated into defensive utilities stocks. Stockhead Donald Trump again has threatened a tariff on drugs imported into the US, but the drug makers have been given a year or so 'to get their act together'.
News.com.au
09-07-2025
- Business
- News.com.au
Break it Down: Advisor leads gold growth at Genesis' small cap neighbour
Verity Resources has appointed Xirlatem and Dr Rick Gordon to oversee expansion plans at Verity's Monument Gold Project.
The Australian
26-06-2025
- Business
- The Australian
VRL drilling finds new gold trend
Scout drilling has confirmed that a new gold mineralised trend is present at the Triton prospect Intersection of supergene mineralisation supports potential for significant gold at depth and along strike Verity Resources planning to grow and upgrade existing 154,000oz gold inferred resource at Korong and Waihi Special Report: Preliminary scout drilling at the Triton prospect has confirmed a new mineralised trend about 5km northwest of the existing Korong resource at Verity Resources' Monument gold project in WA's Laverton district. Shallow aircore drilling at Triton intersected bedrock gold mineralisation beneath a robust surface anomaly. Triton aligns with historical soil geochemistry of +20ppb gold and is hosted within the same Archean greenstone terrain that underpins some of WA's most prolific gold mines. Contact-related gold mineralisation at the prospect mirrors the mineralised architecture observed at Fred's Well, where drilling returned results such as 24m at 3.24g/t, suggesting that a structural corridor might be present. Adding interest, the mineralisation is supergene in nature, which is indicative of dispersion from a potentially higher-grade bedrock source at depth. Meanwhile, Verity Resources' (ASX:VRL) soil sampling at the McKenzie Well prospect has defined multiple large-scale coherent gold-in-soil anomalies, with peak values up to 96ppb gold across structurally favourable greenstone terrain. This makes it a high priority target for drilling in the next phases. The Monument gold project covers 232km2 about 40km west of Laverton and is directly adjacent to and along strike from Genesis Minerals' (ASX:GMD) 3.1Moz Mt Morgan project. Monument is surrounded by notable gold players such as Genesis Minerals. Pic: VRL Aircore drilling The company's aircore drill program of 19 holes totalling 757m targeted surface gold anomalism from soils and rock chip samples in prospective stratigraphic positions at the Triton, Star Well and Korong West prospects. At Triton, this drilling returned broad zones of supergene mineralisation, returning assays such as 12m at 0.2g/t gold from 20m and 4m at 0.2g/t from 24m. This mineralisation is at a favourable stratigraphic contact between mafic volcanics and siltstone, a known control on gold deposition in the region with a setting analogous to the nearby Fred's Well prospect. Intersecting gold within this structural-stratigraphic framework strongly supports the potential for significant mineralisation at depth and along strike. VRL plans to carry out follow-up reverse circulation drilling to test for continuity, grade improvement and deeper, high-grade feeder zones. While drilling at Star Well did not return significant gold intercepts, the company noted that it enhanced its understanding of the structural and lithological setting at Star Well. Future work at Star Well will focus on defining drill-ready targets beneath the strongest surface anomalies using detailed mapping, geophysics and potentially fresh rock testing from deeper RC drilling. Likewise, the lack of significant gold intersections did not take away from the fact that Korong West remains largely untested and highly underexplored, particularly considering its proximity to the Korong gold deposit. Further geochemical coverage, along with geophysical reinterpretation and deeper drilling, will be considered to evaluate the full potential of this prospective structural corridor. Prospect location plan and significant intercepts from recent aircore drilling. Pic: Verity Resources Other activity Over at McKenzie Well, the soil sampling outlined multiple broad and coherent gold-in-soil anomalies that cover a large area and display structural continuity. This makes it one of the most promising untested prospects within the company's regional pipeline. VRL noted the anomalous zones are coincident with mapped greenstone lithologies and potential structural intersections, which is indicative of a favourable setting for shear-hosted or intrusion-related gold systems. It adds the scale and strength of the geochemical response suggest a robust gold system may be present under shallow cover. Follow-up exploration at McKenzie Well will include infill soil sampling, detailed mapping, and aircore drill testing of the highest priority anomalies to progress the prospect to RC drilling in the next phase. Next steps Verity is currently focused on its resource upgrade and expansion strategy, targeting the existing 154,000oz inferred resource at Korong and Waihi. It has engaged Environmental Resources Management to carry out a comprehensive review and validation of historical drilling data associated with the current resource. This will determine the level of infill and twin drilling required to support a reclassification to the higher confidence indicated status. VRL will then design a targeted drill program to infill and step out from known mineralisation along the Korong-Waihi BIF corridor, which remains largely underexplored beyond the current resource boundaries. Following this resource-focused drill program, the company will then carry out follow-up drilling at the Triton prospect to test the depth extent and strike continuity of the newly identified mineralised trend. It will also conduct geochemical vectoring and structural interpretation of mineralised zones to refine drill targeting, including the analysis of multi-element pathfinder suites to identify fertile gold systems. This article was developed in collaboration with Verity Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
17-06-2025
- Business
- The Australian
Verity ready to drill REE-Gallium at Pimenta
Verity will test a 20km high grade rare earths-gallium trend at the Pimenta project Exploration indicates geological signatures similar to American Rare Earths' Halleck Creek project in the US Auger drilling will target two priority zones within a >20km airborne thorium anomaly Special report: A maiden auger drill program is set to begin at Verity Resources' Pimenta project in Minas Gerais, Brazil, to test a 20km high-grade rare earths-gallium-titanium zone. The drilling will follow recent reconnaissance work which returned up to 25,817ppm total rare earth oxide (TREO), with an average of 25% high value magnet rare earths (MREO) over 147 samples. Verity Resources' (ASX:VRL) program will target two priority zones within a >20km airborne thorium anomaly, where surface sampling confirmed strong geochemical correlation and high concentrations of rare earths, gallium and titanium. The campaign will consist of 20 auger holes, designed to test the vertical and lateral continuity of mineralisation within the saprolite zone. VRL believes the results to date confirm a mineralisation style potentially similar to American Rare Earths' (ASX:ARR) Halleck Creek allanite REE deposit with a 2.63Bt at 3,292ppm TREO resource, one of the largest in the US. Importantly, the REE geochemical signature remains consistent between rock and regolith samples, supporting a model of vertical enrichment via residual weathering. TREO distribution at the Pimenta project. Pic: VRL Background on Pimenta Pimenta is in Brazil's well-established mining region of Minas Gerais. The project spans 90km2, targeting a large, granite-hosted REE system enriched in rare earth elements and critical accessory minerals including lithium, zirconium, niobium and titanium. VRL completed the acquisition of a 70% interest in the project in 2024 from Foxfire Metals. The company recently agreed to extend the minimum joint venture expenditure commitment term for a further 12 months to February 2026. 'Hallmarks' of a critical metals discovery VRL's board believes the start of auger drilling at Pimenta is an important milestone. 'Surface results confirm the presence of a widespread and high-grade REE-gallium-titanium system over a confirmed 20km of radiometric strike,' the company said. 'This program will give us key insights into mineralisation continuity and depth potential. 'With excellent surface results and strong geological context, Pimenta has the hallmarks of a significant critical metals discovery.' Strategic importance of Pimenta Whilst the company's focus remains on the development of a resource upgrade and expansion strategy at the Monument gold project in WA, Verity is pleased to be in a position with a second project of global strategic importance developing in the background. Rare earths, gallium and titanium are all considered critical minerals, essential for modern technologies and national security but bear a risk of supply chain disruptions. In mid-2023, China introduced export restrictions on gallium and other critical metals, leading to supply shortages and subsequent price increases. Gallium is primarily used in electronics and is also a critical material in the production of semiconductors, while rare earths are used in a wide range of applications from everyday electronics to permanent magnets used in EV motors and wind turbines. Due to its strength, low density and corrosion resistance, titanium is used in aerospace components, medical implants, sporting goods and jewellery. This article was developed in collaboration with Verity Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Herald Sun
16-06-2025
- Business
- Herald Sun
VRL's a bargain in hot Laverton gold district
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. WA's Laverton region is well known for its gold endowment but bargains are hard to come by Verity Resources' Monument gold project already has an inferred resource and plenty of exploration potential Company has plans to carry out work aimed at boosting confidence and scale of Monument resource Special Report: Western Australia's Laverton region is a gold exploration hotspot that is seeing increasing attention as gold prices continue to trade beyond the $5200/oz mark. This combination of rich potential and high commodity prices has predictably led to major players paying top dollar for projects in the gold rush community that sits about 390km northeast of Kalgoorlie. Look no further than Genesis Minerals' (ASX:GMD) deal to acquire Focus Minerals' (ASX:FML) Laverton gold project for $250m, a move which delivers a ~4Moz gold resource close to its 3Mtpa Laverton mill. Explorers in this region have also seen significant growth, with shares in Magnetic Resources (ASX:MAU) rising some 46% since this beginning of this year on the back of success at its Lady Julie gold project. It's got a dataroom open and has been regularly viewed as a M&A target for the region's major players. But relatively unsung Verity Resources (ASX:VRL) could present the cheapest entry-point for this emerging theme. Its Monument gold project already hosts 154,000oz of inferred resources and it's abutting the tenements at GMD's Mount Morgans project. And there's competitive tension. Genesis isn't the only player with a hungry and underfed mill. The Monument gold project. Pic: Verity Resources Bargain barrel Verity is capitalised at about $7m, despite holding the intriguing Monument gold project. There is much going for the 195km2 project, which is just 40km west of the town of Laverton. Monument already hosts that inferred resource of 3.26Mt grading 1.4g/t for 154,000oz of contained gold, split between the Korong and Walhi deposits. Mineralisation is open in all directions, which offers plenty of options for growth. It sits within the same stratigraphy as that which hosts Goldfields' 7Moz Granny Smith and 7Moz Wallaby, AngloGold Ashanti's +10Moz Sunrise Dam and MAU's +1Moz Lady Julie projects. Multiple styles of target mineralisation have also been identified such as banded iron formations and basalt-hosted, though the focus is now on syenite hosted intrusive targets –similar to multi-million ounce discoveries such as Wallaby and Genesis' Jupiter. To date, VRL has identified over 60 untested BIF, basalt, and intrusion-hosted drill targets along 20km of strike in the same unit that hosts the 1.4Moz Westralia gold deposit. This makes for significant district-scale exploration potential given that just 10% of this potential has been drilled to date. There is also significant greenfields potential outside of established stratigraphy with large application over underexplored ground to the northeast. Its Star Well prospect on the border of the application area recently returned rock chips up to 6g/t Au, indicating the bonus potential of this expanded area. Monument project showing resources and targets. Pic: Verity Resources Resource-focused strategy VRL has now started a strategy aimed at first upgrading the resource to the higher confidence indicated category before moving on to expand numbers. Studies are progressing to determine an infill, twin drilling, and step-out drilling program that aims to expand the resource base. The company has already completed a preliminary pit study and is currently progressing validation of historical drilling and data as well as the definition of the drill program. Additional step-out holes are planned to expand the Korong-Waihi resource. It has also started metallurgical studies aimed at evaluating optimal gold recovery to inform future scoping and feasibility studies. Not just gold Besides the Monument gold project, VRL also has a 70% interest in the Pimenta rare earths project in Brazil's prolific mining state of Minas Gerais. Minas Gerais is well known for its lithium and rare earths endowment with significant spodumene resources discovered by companies such as Sigma Lithium and fellow Australian Latin Resources (now acquired by big fish Pilbara Minerals), and major rare earths discoveries by Meteoric Resources (ASX:MEI) and Viridis (ASX:VMM). Pimenta targets a granite-hosted REE system centred on the Mesoproterozoic-age Santo Antônio do Jacinto Granite Complex, where allanite—a weathering-resistant REE-bearing mineral—hosts the majority of the rare earth mineralisation. This geological setting has similarities to other significant REE deposits. Surface sampling at the project has returned exceptional grades of up to 2.58% total rare earth oxides with valuable magnet rare earths such as neodymium, praseodymium, terbium and dysprosium making up about 25% of the REE content. Magnet REEs are used to manufacture permanent rare earth magnets that are used in electric vehicle motors and wind turbines. Adding interest, significant gallium values of up to 89g/t and titanium oxide of up to 9.26% have been reported. This article was developed in collaboration with Verity Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Verity Resources has big plans to boost its Monument project as Laverton gold district runs hot
