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Friday 21 June 2024

New Age Exploration (ASX:NAE) commences exploration at the Wagyu Gold Project

New Age Exploration (ASX:NAE) has defined several Hemi Style intrusive and structural gold targets following a comprehensive review of existing geophysical data.

Highlights

  • Several Hemi Style intrusive gold targets and structural gold targets have been defined following a comprehensive review of existing geophysical data
  • NAE has commenced on-ground exploration at the Wagyu Gold project, including Gravity Survey, Passive Seismic Survey and soil sampling to refine priority drill targets
  • Wagyu Gold Project is located in the well-endowed gold region of the Central Pilbara adjoining tenure operated by De Grey Mining (ASX:DEG)
  • Programme of Work for Air Core drilling was submitted in March, with a plan to follow up with RC drilling
  • Cultural Heritage surveys are booked with requested areas of planned ground disturbance areas communicated

Commentary 

Executive Director Joshua Wellisch commented: “We are very pleased to confirm the commencement of on ground exploration at the Wagyu Gold Project, starting with the gravity survey. It is a credit to the team to be able to execute activities in such a short time frame following the completion of the acquisition.

The venture represents an exceptional opportunity for gold exploration, situated directly along strike from the Hemi Gold Deposit – the largest gold discovery in the Pilbara region. This acquisition significantly enhances our Pilbara footprint and aligns with our strategy of securing the most promising exploration tenure in the Central Pilbara.”

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