New Age Exploration Begins RC Drilling at Wagyu Gold Project

New Age Exploration Limited ( (AU:NAE) ) just unveiled an announcement.

New Age Exploration Limited has commenced a maiden 3,000-meter Reverse Circulation (RC) drilling program at its Wagyu Gold Project in Pilbara, Western Australia. This initiative aims to extend the strike and depth of gold mineralization following promising results from previous drilling phases. The project’s potential is underscored by the decision of Strike Drilling, the contractor, to accept half of their payment in equity, indicating confidence in the project’s prospects. The drilling will target high-priority areas within a mineralized corridor shared with De Grey Mining’s significant Hemi Gold deposit. The campaign is expected to conclude in four weeks, with assay results anticipated between late April and May 2025.

More about New Age Exploration Limited

New Age Exploration Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary focus is on gold exploration projects, particularly in the Pilbara region of Western Australia, which is known for its rich mineral deposits.

Current Market Cap: A$12.85M

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