New Age hits stellar gold grades at Wagyu

The results show a substantial increase in the number of significant intercepts to 16, with several drillholes showing multiple zones of gold mineralisation

New Age Exploration’s Wagyu project is in WA’s central Pilbara’s fast emerging tier-1 gold region. Pic: Getty Images

• Resampling of Phase 2 aircore drilling has increased number of gold intercepts

• Results validate the extent and continuity of gold mineralisation at Wagyu

• New Age Exploration is planning to restart RC drilling in March

Special Report: New Age Exploration resampling of Phase 2 aircore drilling at its Wagyu project in WA’s Pilbara region has increased the number of significant intercepts including a top 1m intercept of 15.6g/t gold.

The 1m resamples increased the number of significant intercepts up to 16 with several holes showing multiple zones of mineralisation with a top result of 4m at 5.3g/t gold from a down-hole depth of 49m including the top intercept in hole 24WA225.

For New Age Exploration (ASX:NAE), the additional significant and mineralised gold occurrences across multiple intervals further validates the potential of the Wagyu project as a gold mineralised system.

Wagyu is in the same mineralised trend as De Grey Mining’s (ASX:DEG) Hemi corridor and is less than 9km from the 11.2Moz Hemi gold deposit.

“These results further validate the extent and continuity of gold mineralisation at Wagyu,” executive director Joshua Wellisch said.

“With high-grade intersections emerging across multiple drillholes, we’re eager to accelerate to the next exploration phase with RC drilling.

“The proximity of Wagyu to De Grey’s world-class Hemi deposit adds further confidence in our strategy. The upcoming RC drilling program will focus on extending known mineralised zones at depth and testing new high-priority targets identified through the recent resampling results.

“Additionally, we will incorporate multi-element geochemistry to enhance our understanding of the controls on gold mineralisation at Wagyu. Our team is dedicated to a systematic and results-driven approach, aiming to rapidly advance the project towards mineral resource estimation.”

Reverse circulation drilling starting soon

NAE noted that while hole 24WA225 is currently the only hole on cross section 9, the section is expected to soon become a northwest-southeast-orientated drill line with multiple drillholes when further drilling commences in March 2025.

Only a handful of drillholes have been completed as available locations were limited to locations covered in the initial aboriginal cultural heritage survey conducted in June 2024.

The company recently completed a heritage survey that granted it access to further ground at Wagyu, enabling the ability to expand on known areas of mineralisation and test additional targets in the coming reverse circulation drill program totalling 3000m.

Additional aircore drilling is also planned for the June quarter.

This article was developed in collaboration with New Age Exploration, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as New Age hits stellar gold grades at Wagyu