New Age Exploration (ASX: $NAE) identifies new gold targets

New Age Exploration (ASX: $NAE) has successfully completed ground gravity surveys at the Wagyu Project, identifying multiple discrete high-priority gold targets. The company has carried out two on-ground Gravity Surveys, a Passive Seismic Survey, and soil sampling at the Wagyu Gold project since its acquisition in March 2024. The Wagyu Gold Project is located in the well-endowed gold region of the Central Pilbara adjoining tenure operated by De Grey Mining (ASX: $DEG).

Executive Commentary on Wagyu Project's Gold Targets

We are thrilled with the successful completion of the initial phases of our on-ground exploration at the Wagyu Gold Project. The gravity survey results have exceeded our expectations, revealing highly promising targets that we are eager to drill test in the coming weeks. This project represents a significant opportunity for gold exploration, situated directly along strike from De Grey Mining's Hemi Gold Deposit, the largest gold discovery in the Pilbara region. This strategic acquisition not only enhances our footprint in the Central Pilbara but also aligns perfectly with our objective of securing and developing high-potential exploration tenures.

Summary of Wagyu Project's Gold Targets

New Age Exploration (ASX: $NAE) has successfully completed ground gravity surveys at the Wagyu Project, identifying multiple discrete high-priority gold targets. The company plans to acquire higher-resolution airborne magnetic geophysics data to enhance exploration. Drill testing of these targets is expected in the coming weeks/months, with a Programme of Work for Air Core in an advanced stage of approvals and a follow-up Programme of Work for RC drilling recently completed. New Age Exploration 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. The company anticipates using results from Air Core drilling, combined with all other available data, to follow up on the most prospective targets with RC drilling.