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Highlights:
- New Age Exploration launches an extensive drilling program at the Wagyu gold project in Western Australia.
- The campaign aims to investigate multiple high-priority gravity targets, with results expected in the coming months.
- Strike Drilling collaborates on the project, reinforcing exploration efforts planned for later in the year.
New Age Exploration (ASX:NAE) has commenced an ambitious drilling program at the Wagyu gold project, located in the Pilbara region of Western Australia. This initiative focuses on expanding known gold mineralization and evaluating previously unexplored zones.
The reverse circulation (RC) drilling campaign is designed to assess mineralized structures beneath oxide deposits identified in earlier aircore drilling. The effort will provide a clearer understanding of subsurface gold distribution, contributing to the broader geological model of the project.
Key Drilling Objectives
The drilling program aims to test multiple gravity anomalies identified through geophysical surveys. These anomalies have been selected based on prior data indicating their significance in mineralized systems. By extending the drilling depth and strike coverage, the program seeks to refine resource delineation and support future exploration strategies.
Previous studies at the site have identified encouraging gold values, reinforcing confidence in the geological potential of the area. The latest drilling phase will concentrate on verifying these findings through deeper and more targeted investigations.
Collaborative Efforts in Exploration
New Age Exploration has partnered with Strike Drilling to execute the campaign. The collaboration is further solidified by Strike Drilling’s decision to accept a portion of its compensation in company shares, demonstrating alignment with the long-term goals of the project.
The Wagyu gold project is situated near a well-known regional gold discovery, highlighting its geological significance. The proximity to established deposits underscores the broader mineralization trends observed in the Pilbara region.
Drilling Timeline and Future Plans
The ongoing drilling campaign is expected to be completed within the coming weeks, with assay results anticipated shortly after. The data collected from this phase will inform subsequent exploration activities, ensuring a systematic approach to resource assessment.
In addition to the current RC program, further aircore drilling is scheduled for later in the year. These continued efforts align with a broader strategy to enhance geological understanding and refine exploration models across the Wagyu site.
Sector Developments and Exploration Outlook
Gold exploration remains an active segment within the mining industry, with projects across Australia advancing through systematic drilling and resource evaluation. The Wagyu gold project exemplifies ongoing efforts to enhance resource identification through modern exploration techniques.
