Pic: Schroptschop / E+ via Getty Images
New Age Exploration’s large land package in the Pilbara gold district is getting bigger
Mining
share
Pilbara gold explorer New Age Exploration has consolidated virtually all of its promising Quartz Hill Gold Project near De Grey Mining’s massive Hemi discovery after securing three new exploration licences.
The grant of E47/5724, E47/5725 and E47/5726 adds to the incredible scale of the New Age Exploration (ASX: NAE) package in the Pilbara, bolstering its portfolio by a further 651km2.
The new tenements are all south and within 60km2 of Hemi.
It is a good time to be in the area, with De Grey recently revealing the whopping 6.8Moz maiden resource for the world class intrusive gold discovery.
The breadth of NAE’s holdings gives the gold junior plenty of opportunity for exploration wins.
“We are very pleased with the recent grant of three additional tenements at the Quartz Hill Gold project,” NAE managing director Joshua Wellisch said.
“The project is close to being fully granted and we are eager to commence the next stage of exploration.
“Our team is continuing to achieve proficient progress across the entire portfolio in the highly prospective Central Pilbara and is focussed on delivering a pipeline of exploration opportunity in the region.”
There is plenty of news flow already on the way.
First up will be drilling results from NAE’s northern Pilbara package where it holds an option with Canada’s Monterey Minerals.
The option was due to expire but the company has been given a 45-day extension to August 24, 2021, to evaluate the results before it makes the decision on whether to acquire the project.
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.
