New Age Exploration adds more promising drill targets at WA gold play

NAE spots more gold targets at Wagyu project in WA
Project in same region to ~11.2Moz Hemi gold deposit
New anomalies may indicate more gold mineralisation at the project

Special Report: New Age Exploration has identified new drilling targets after completing addition geophysical surveys across its promising Wagyu gold project in WA.

The project sits within a fast-emerging gold mineralised corridor, and within the same mineralised trend as De Grey Mining’s (ASX:DEG) ~11.2Moz Hemi gold deposit.

The company has now completed the third ground gravity survey and second passive seismic survey across the project, which have facilitated a deeper understanding of the geological structures and linking data from both sides of the project area.

Being able to ‘map’ the geology undercover across the river is a big step forward in New Age Exploration’s (ASX:NAE) understanding of the potential mineralisation at the Wagyu Gold project.

Importantly, the surveys also identified new gravity anomalies – and confirmed targets 8 and 10 on east side of the project.

The new anomalies may indicate the presence of more gold-mineralised intrusions, similar to those intersected in 2024 aircore drilling.

Unlocking golden potential

The plan now is to commence 3000m of reverse circulation drilling ASAP.

“The completion of these geophysical surveys and identification of new targets marks a pivotal step in our exploration efforts and stakeholder relations at Wagyu,” NAE executive director Joshua Wellisch said.

“With the support of the Kariyarra People, we have gathered data that links structures and anomalies across the tenement, providing a foundation of our geological understanding.

“We look forward to using these insights to unlock further potential at Wagyu in the lead up to the imminent 3000m RC drill program.”

This article was developed in collaboration with New Age Exploration, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.