Monument Project’s Untested Targets Pose Exploration Risk Despite Early Success
Verity Resources has confirmed a new gold mineralisation trend at its Monument Gold Project in Western Australia, with early drilling results at the Triton Prospect supporting follow-up resource expansion plans. The company also highlights McKenzie Well as a promising new target, setting the stage for an aggressive exploration campaign.
- New gold mineralisation trend confirmed at Triton Prospect
- Shallow aircore drilling reveals supergene gold mineralisation
- McKenzie Well identified as a high-priority greenfields target
- Resource-focused drilling program to commence July 2025
- Over 60 additional untested targets across Monument Gold Project
Early Drilling Validates New Gold Trend
Verity Resources Limited (ASX – VRL) has reported encouraging early-stage drilling results from its Monument Gold Project, located in Western Australia's prolific Laverton Gold District. A small aircore drilling program at the Triton Prospect has intersected gold mineralisation, confirming a previously unrecognised mineralised trend approximately 5 kilometres northwest of the existing Korong Mineral Resource.
The shallow drilling at Triton identified broad zones of supergene gold mineralisation, with intercepts such as 12 metres at 0.20 grams per tonne gold from 20 metres depth. This mineralisation occurs at a favourable geological contact between mafic volcanics and siltstone, a setting analogous to the nearby Fred’s Well Prospect which has yielded high-grade results in the past.
McKenzie Well Emerges as a New Priority
Alongside Triton, the McKenzie Well area has surfaced as a compelling greenfields target. Recent soil sampling has revealed multiple large-scale gold-in-soil anomalies with peak values reaching 96 parts per billion gold. These anomalies coincide with structurally favourable greenstone terrain, suggesting the presence of a robust gold system beneath shallow cover.
Verity plans to advance McKenzie Well with infill soil sampling, detailed geological mapping, and aircore drilling to refine targets ahead of more intensive reverse circulation drilling.
Resource Upgrade and Expansion Strategy
The company is progressing a resource upgrade strategy focused on expanding and upgrading the existing 154,000-ounce JORC Inferred Resource at Korong and Waihi. A comprehensive review of historical drilling data is near completion, with a targeted drill program set to commence immediately after, aiming to convert inferred resources to the higher confidence Indicated category.
This program will focus on infill and step-out drilling along the Korong-Waihi banded iron formation corridor, which remains underexplored beyond current resource boundaries. Verity anticipates that successful execution will demonstrate the broader scale of mineralisation across the Monument project.
Broader Exploration Potential
Beyond the immediate resource upgrade efforts, Verity holds a substantial portfolio of over 60 untested targets within the Monument Gold Project tenure. These include prospects hosted in banded iron formations, basalts, and intrusive rocks, many of which remain largely unexplored. Early-stage drilling at other prospects such as Star Well and Korong West has enhanced geological understanding, setting the foundation for future exploration phases.
With the resource-focused drilling program scheduled to begin in July 2025, Verity is positioning itself to unlock significant value through systematic exploration and resource growth in a highly prospective gold district.
Bottom Line?
Verity’s early drilling success and expansive target pipeline position the Monument Gold Project for a potentially transformative resource upgrade in the coming months.
Questions in the middle?
- Will follow-up drilling at Triton confirm higher-grade mineralisation at depth?
- How quickly can McKenzie Well progress from soil anomalies to drill-ready targets?
- What scale of resource growth can Verity realistically achieve along the Korong-Waihi corridor?
