Total
0
Shares
3D Resources (ASX:DDD) taps Exploration Manager, gears up for drilling at Adelong Gold Project
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • New Age Exploration (NAE) provides an update on exploration across its tenement package in the Central Pilbara district of Western Australia
  • Three new exploration licences have been granted, located within 60 kilometres of De Grey Mining's (DEG) Hemi gold discovery
  • Additionally, a reconnaissance field sampling program has been completed following an airborne geophysical survey that identified pathways the company believes could host gold mineralisation
  • No visual gold or mafic rock types were observed during the soil sampling program, samples are due to arrive at the lab later this week for analysis
  • Shares are trading 16.7 per cent higher at 1.4 cents apiece

New Age Exploration (NAE) has provided an update on exploration across its tenement package in the Central Pilbara district of Western Australia.

In a statement, NAE said three new exploration licences have been granted, covering an additional 547 square kilometres within the Quartz Hill Gold project.

The new tenure is located to the south and within 60 kilometres of De Grey Mining's (DEG) Hemi gold discovery.

In other news, a reconnaissance field sampling program has been completed on four of its exploration licences in the area.

The sampling program focused on key magnetic targets identified in a recently
completed airborne geophysical survey in the Pilbara, which included the Quartz Hill and Bullock Well projects.

A preliminary assessment of the airborne survey results are said to indicate the tenements consist primarily of granitic basement rocks beneath recent alluvial cover.

Additionally, NAE said the surveys identified major cross cutting structures and demagnetised zones, representing areas of potential fluid flow or migratory pathways that could host gold mineralisation.

The field sampling program was designed to refine the priority drill targets ahead of future air-core drilling, and included 234 soil samples sites and eight stream sample sites.

No visual gold or mafic rock types were observed during the program. Samples are due to arrive at the lab later this week for analysis.

Shares were trading 16.7 per cent higher at 1.4 cents apiece at 2pm AEST.

NAE by the numbers
More From The Market Herald
Mount Ridley Mines (ASX:MRD) posts June quarterly activities

" Mount Ridley Mines (ASX:MRD) posts June quarterly activities

Over the June quarter, Mount Ridley Mines (MRD) conducted a drilling program at its Weld Range West Iron Project in Western Australia.
Suvo Strategic Minerals (ASX:SUV) increases production over Q4 FY21

" Suvo Strategic Minerals (ASX:SUV) increases production over Q4 FY21

Suvo Strategic Minerals (SUV) reported an increase in production from its Pittong kaolin operations during the fourth quarter of FY21.
Golden Rim Resources (ASX:GMR) - Managing Director, Craig Mackay - The Market Herald

" Golden Rim Resources (ASX:GMR) expands Kada bedrock gold corridor

Gold Explorer Golden Rim Resources (GMR) has expanded its Kada Bedrock Gold Corridor in Guinea to 15 kilometres.
Aeris Resources (ASX:AIS) - Executive Chairman, André Labuschagne - The Market Herald

" Aeris Resources (ASX:AIS) ramps up production at Cracow and Tritton in Q4

Aeris Resources (AIS) announced increased production from both its Cracow and Tritton operations over the June quarter.