Advancing Monument Gold Project - Exploration Update

Verity Resources Limited (ASX:VRL) (Verity or the Company) is pleased to provide an update on exploration activities and strategy at its 100%-owned Monument Gold Project, located in the prolific Laverton gold district of Western Australia. The Company is advancing a pipeline of highly prospective gold targets across the Monument Project as part of its strategy to define a larger, higher-confidence gold resource base in one of Australia’s most active gold belts. The Monument Gold Project comprises 195km2 of highly prospective greenstone, along strike of Genesis Minerals (GMD:ASX) 3.3Moz Laverton Gold Project

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Verity’s exploration strategy is underpinned by a dual focus on upgrading and expanding the existing Mineral
Resource Estimate while systematically testing high-potential greenfields targets. The Monument Project
provides an opportunity to delineate a district-scale gold system supported by:
• a strategic location within a Tier 1 gold district;
• 20km of prospective BIF strike, largely untested;
• proximity to major gold deposits and infrastructure; and
• a growing pipeline of advanced and early-stage targets.

Upcoming exploration programs will be funded through a combination of existing cash reserves and funds
raised via the renounceable Rights Issue (partially underwritten) scheduled to close on 2 May 2025 (Refer
Prospectus released to ASX on 4 April 2024 for further information).

Click here for the full ASX Release

This article includes content from Verity Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.