New Age Exploration (ASX:NAE) completes Phase 1 drilling at Wagyu Gold Project

New Age Exploration (ASX:NAE) has successfully completed Phase 1 of its Air Core exploration drill and sample program at the Wagyu Gold Project in the Pilbara, WA. The program involved the drilling and sampling of 156 Air Core drillholes for a total of 7,460 metres. All samples have arrived at Intertek's Maddington facility in Perth, Western Australia, where more than 2,100 samples are being analysed for gold and multi-elements. Results of the analyses for all samples are expected within three weeks.

Executive Commentary on Phase 1 Completion

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.

Summary of Phase 1 Completion and Future Plans

New Age Exploration (ASX:NAE) has successfully completed Phase 1 of its Air Core exploration drill and sample program at the Wagyu Gold Project in the Pilbara, WA. The program involved the drilling and sampling of 156 Air Core drillholes for a total of 7,460 metres. All samples have arrived at Intertek's Maddington facility in Perth, Western Australia, where more than 2,100 samples are being analysed for gold and multi-elements. Results of the analyses for all samples are expected within three weeks. The company eagerly awaits elemental confirmation of its geological interpretation. The completion of Phase 1 drilling marks a significant milestone as the company continues to advance its gold exploration activities at Wagyu and its other Central Pilbara Projects. The six-month exploration program includes a follow-up Air Core drill program (Phase 2), which is due to commence around 20 September. This will be followed by a Reverse Circulation (RC) drilling program planned for October and November. Further exploration drilling (Phase 2) should commence around 20 September, with additional Air Core drilling planned to expand the knowledge and prospectivity of the Wagyu Gold project. NAE is committed to advancing its exploration projects while ensuring compliance with all regulatory and cultural heritage requirements. The company continues to have a strong working relationship with the Kariyarra Aboriginal Corporation (KAC), who represent the traditional custodians of the land on which the Wagyu Project lies. All exploration work carried out by NAE in the past five months continues to reinforce the high prospectivity of the Wagyu Gold Project, and the expectant assay results will give the company further direction for future work.