Verity Resources has confirmed continuous gold mineralisation over approximately 7 kilometres of the Monument trend in Western Australia, highlighting promising new prospects and supporting plans for an updated resource estimate.
- Gold mineralisation confirmed across ~7km of Monument trend
- New mineralised positions at Triton and Perseverance prospects
- Supergene gold identified at Triton with primary source untested
- Updated Mineral Resource Estimate underway for Korong and Waihi
- Only ~10% of 20km prospective BIF corridor systematically drilled
Expanding the Monument Gold Trend
Verity Resources Limited (ASX:VRL) has reported encouraging results from its recent regional drilling campaign at the 100%-owned Monument Gold Project in Western Australia’s Laverton Goldfields. The company’s exploration efforts have confirmed gold mineralisation continuity across approximately 7 kilometres of the Monument trend, stretching from the Korong deposit in the south to the Perseverance prospect in the north.
This development is significant as it extends the known mineralised corridor well beyond the existing Korong and Waihi resources, which together hold an inferred resource of 154,000 ounces of gold. The new drilling results at the Triton and Perseverance prospects demonstrate multiple mineralised positions along this largely underexplored banded iron formation (BIF) corridor, which spans some 20 kilometres but has seen only limited systematic drilling to date.
Highlights from Triton and Perseverance
At the Triton prospect, located about 1.7 kilometres south of Waihi, broad zones of supergene gold mineralisation were intersected in aircore drilling. These results include intercepts such as 12 metres at 0.33 grams per tonne gold from 20 metres depth, indicating a significant near-surface gold anomaly. Importantly, the primary mineralisation beneath this weathered zone remains untested, presenting a compelling target for upcoming reverse circulation drilling.
The geological setting at Triton is analogous to the nearby Fred’s Well Prospect, known for high-grade gold mineralisation hosted at the contact between mafic volcanics and siltstone. This contact is a recognised structural and chemical trap for gold-bearing fluids in the Laverton district, suggesting that Triton’s supergene gold could be the surface expression of a deeper primary source.
Meanwhile, at Perseverance, approximately 6 kilometres northwest of Korong, reverse circulation drilling confirmed BIF-hosted gold mineralisation with intercepts such as 2 metres at 1.24 grams per tonne gold from 86 metres depth. This first-pass drilling validates the prospect as a new mineralised position well beyond the current resource areas, extending the known mineralised trend to its greatest tested extent.
Resource Growth and Exploration Upside
Verity is currently preparing an updated Mineral Resource Estimate (MRE) for the Korong and Waihi deposits, expected in April 2026. This update aims to convert a portion of the existing inferred resources to a higher confidence indicated category, supported by approximately 11,000 metres of recent infill drilling combined with validated historical data.
Beyond the immediate resource areas, the Monument Gold Project’s 20-kilometre prospective BIF strike remains lightly tested, with only about 10% drilled in detail. The company has identified around 60 priority targets along this corridor, underscoring the district-scale potential for further discoveries and resource growth.
Verity’s director, Patrick Volpe, emphasised the significance of these results, noting that the multiple mineralised positions along the Monument trend reinforce the project’s potential to deliver meaningful resource expansion. The combination of new regional drilling success and ongoing resource definition work positions Monument as a promising asset in the Laverton Goldfields.
Looking Ahead
With all assays from the 2025–2026 drill campaign now returned, Verity’s near-term focus includes finalising the updated MRE and advancing exploration across the broader project footprint. The company plans further drilling to test the primary mineralisation beneath the supergene zones at Triton and to follow up on the encouraging Perseverance results. These efforts will be critical to unlocking the full potential of the Monument Gold Project and enhancing its resource base.
Bottom Line?
Verity’s expanding gold footprint at Monument signals promising resource growth, but key targets like Triton’s primary mineralisation remain to be tested.
Questions in the middle?
- Will follow-up drilling at Triton confirm the presence of primary gold mineralisation at depth?
- How much can the updated Mineral Resource Estimate increase the confidence and size of the Monument resource?
- What impact will exploration of the remaining 90% of the 20km BIF corridor have on the project’s valuation?