New Age Exploration (ASX:NAE) has announced promising results from the Phase 1 Air Core drilling at the Wagyu Gold Project in Central Pilbara, Western Australia. The exploration confirmed multiple areas of gold mineralization, adding a fifth significant gold intercept. These findings underscore the potential of the Wagyu Project as a promising gold-mineralized system.
New Age Exploration (ASX:NAE) has reported significant findings from Phase 1 drilling at the Wagyu Gold Project in Central Pilbara, Western Australia. The notable gold intercepts, such as 2m at 1.5g/t and 1m at 2.2g/t, highlight the project's potential. Positioned near De Grey Mining's tenure, the project is in a promising mineralized corridor. Phase 2 drilling results are expected soon, with further exploration, including Reverse Circulation (RC) drilling, planned to investigate high-priority targets. Executive Director Joshua Wellisch expressed optimism about the results, reinforcing the company's exploration strategy. New Age Exploration aims to expand the project's exploration area and fully assess its gold-mineralized potential.
The resample results have reinforced our confidence in NAE's exploration strategy and the potential of the Wagyu Project,' said Executive Director Joshua Wellisch.