Wagyu Gold Project Drilling Targets Extensions Near 11.2Moz Hemi Deposit
New Age Exploration has commenced a significant 4,000-metre drilling campaign at its Wagyu Gold Project in the Pilbara, aiming to expand known gold mineralisation and test new targets near Northern Star’s Hemi deposit.
- 4,000m Reverse Circulation drilling program underway at Wagyu
- Focus on extending ‘Hemi Style’ gold mineralisation strike and depth
- Project located near Northern Star’s 11.2Moz Hemi Gold Deposit
- All government and heritage approvals secured for drilling
- New target zones identified for testing including gravity anomaly edges
Drilling Commences at Wagyu Gold Project
New Age Exploration Limited (ASX, NAE) has mobilised a Reverse Circulation (RC) drill rig to its Wagyu Gold Project in the Pilbara region of Western Australia, marking the start of a roughly 4,000-metre drilling program. This campaign aims to extend the strike and depth of the known ‘Hemi Style’ gold mineralisation and to test several newly defined targets within the mineralised Mallina Basin corridor.
The Wagyu Project lies just 5 kilometres west of Northern Star Resources’ Hemi Gold Deposit, a major resource containing approximately 11.2 million ounces of gold. This proximity places Wagyu in a highly prospective geological setting, sharing the mineralised corridor that has yielded significant discoveries in recent years.
Strategic Focus on Resource Growth
The current drilling program is designed to build on previous encouraging results, which included intercepts such as 8 metres at 5.0 grams per tonne gold from 44 metres depth. New Age Exploration’s Executive Director Joshua Wellisch highlighted the importance of this phase, noting that it will be critical in advancing the understanding of the gold system and its potential for resource growth.
The program targets both shallow gold enrichment zones and deeper primary mineralisation within fresh rock. Notably, a new target area defined by a gravity anomaly edge stretching northwest between Targets 10 and 11 will be tested, alongside areas where previous aircore drilling was ineffective due to a silicified cap.
Regulatory and Heritage Clearances in Place
All necessary government approvals and heritage clearances have been secured for the proposed drill sites, allowing the company to commence drilling immediately. This regulatory readiness reflects the company’s proactive approach to exploration and community engagement in the region.
As the drilling progresses, investors and analysts will be watching closely for assay results that could validate the potential for a significant new gold resource adjacent to one of Australia’s most prolific gold deposits.
Bottom Line?
The Wagyu drilling program could unlock new gold resources, but results will be key to confirming its promise.
Questions in the middle?
- Will assay results confirm extensions to the ‘Hemi Style’ mineralisation?
- How might new target zones impact the overall resource potential at Wagyu?
- What timeline can investors expect for updated resource estimates following drilling?
