New Age Exploration (ASX:NAE) Reports Promising RC Drill Results at Wagyu Project
Exploration Results
New Age Exploration Limited (ASX:NAE) announced assay results from its maiden Reverse Circulation (RC) drill program at the Wagyu Gold Project in the Central Pilbara, Western Australia. The program returned multiple high-grade gold intercepts, including 8m @ 5.0g/t Au from 44m, which includes a standout 1m @ 28.6g/t Au in drill hole 25WR002. Additional significant intercepts include 4m @ 2.5g/t Au from 76m and 12m @ 1.0g/t Au from 12m. The results confirm a laterally extensive supergene gold system that remains open along strike and at depth.
Geological Interpretation
The updated interpretation defines a 1km mineralised envelope across Target 1 and Target 10. The Wagyu Project is adjacent to Northern Star Resources’ Hemi Gold Project within the Mallina Gold Corridor. The mineralisation parallels the discovery process at Hemi, where shallow oxide mineralisation guided the targeting of deeper, high-grade zones. The strong correlation between gold and arsenic validates the company’s exploration strategy.
Future Exploration Plans
New Age Exploration plans to conduct the next round of AC and RC drilling to expand the gold-enriched supergene zones and further test deeper primary mineralisation. Assay resampling of high-grade composites is underway, and planning is advanced for the next drill campaign, including step-out drilling at multiple targets to expand the supergene zones. Geochemical and petrological studies of RC samples are also ongoing to refine the mineralisation model.
Executive Comments
Executive Director Joshua Wellisch stated, “These results mark a pivotal moment in the discovery journey at Wagyu. We’re uncovering a laterally extensive supergene gold system with strong grades in both oxide and fresh rock. Mineralisation remains open along strike and at depth, and we’ve only scratched the surface of our tenure. Our proximity to Hemi and the success to date in this regionally significant gold corridor highlight the potential for Wagyu to develop into a major new gold system.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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