USD $4,165.18
Goldman Assay Results Expected by End of September
New Age Exploration (ASX:NAE) has announced the completion of Phase 1 of its Air Core drilling program at the Wagyu Gold Project, located in the Pilbara, Western Australia. The program covered 7,640 metres across 156 drill holes, with samples now at Intertek’s Maddington facility in Perth for assay.
Key highlights from the drilling include confirmation of 3 out of 4 gold targets as intrusive systems, with two interpreted to be intermediate intrusive rocks. Assay results are expected by the end of September 2024. Phase 2 drilling will commence within two weeks to follow up on these promising results.
NAE Executive Director Joshua Wellisch commented:
We are thrilled that our Phase 1 drilling program at the Wagyu Gold Project is complete and eagerly await the assay results. This initial phase concentrated on examining our high-priority gold targets, including identifying a ‘Hemi-Style’ intrusive system. The programme was conducted safely and efficiently which is a credit to our technical team and exploration contractors.
We readily anticipate the assay results, which are expected before the end of the month. We are very encouraged by the geology and we will continue our search for gold at Wagyu shortly with the commencement of the Phase 2 drill and samples program in the next two weeks.
