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The latest announcement is out from Verity Resources ( (AU:VRL) ).
Verity Resources Limited announced the discovery of a new gold target at its Perseverance prospect within the Monument Gold Project in Western Australia. The target was identified through a recent Induced Polarisation survey, revealing a high chargeability anomaly that aligns with existing geological formations and previous gold findings. This discovery presents an opportunity to expand the company’s resource base, with drilling planned for late November. The development could potentially enhance Verity’s position in the gold mining sector by opening up additional exploration targets along a 20km trend.
More about Verity Resources
Verity Resources Limited operates in the mining industry, focusing on gold exploration and development. The company primarily engages in identifying and developing gold resources, with a significant market focus on its Monument Gold Project in Western Australia.
Average Trading Volume: 2,941,314
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.3M
Learn more about VRL stock on TipRanks’ Stock Analysis page.