Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Additional Targets Identified from Gravity Geophysics at Wagyu Project, Pilbara WA

by admin March 11, 2025
March 11, 2025
Additional Targets Identified from Gravity Geophysics at Wagyu Project, Pilbara WA

New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the successful completion of additional geophysical surveys at its highly prospective Wagyu Gold Project in the Pilbara, WA. The Passive Seismic (Tromino) and Ground Gravity surveys were conducted across the dry Yule River bed, facilitating a deeper understanding of the geological structures and linking data from both sides of the project area.

HIGHLIGHTS

  • Completion of Passive Seismic and Ground Gravity surveys across the dry Yule River bed at the Wagyu Gold Project in Pilbara, WA
  • Several new gravity anomalies have now been identified, which may indicate the presence of more gold-mineralised intrusions, similar to those intersected in 2024 aircore drilling
  • Enhanced geological connectivity established by linking data from the east and west sides of the tenement
  • Both geophysics surveys were completed with “zero impact” on this culturally sensitive area
  • This is the third ground gravity survey and the second passive seismic survey to take place at the Wagyu Project, with previous surveys outside the river completed in April and May 2024
  • Additional targets 8 and 10 confirmed on east side of the project from gravity survey
  • 3000m of Reverse Circulation Drilling to commence imminently
  • The Wagyu Project is located in the Central Pilbara’s fast-emerging gold region, adjoining De Grey Mining (ASX:DEG) tenure containing its ~11.2Moz1 Hemi Gold deposit

The Wagyu Gold Project, located within a fast-emerging gold mineralised corridor, represents a highly prospective Gold opportunity ~9km within the same mineralised trend as De Grey Mining’s (ASX:DEG) Hemi Gold Deposit containing ~11.2 Moz1 (refer to Figure 1) in the Central Pilbara.

The Hemi Gold Mineral Resource was last updated by De Grey Mining on 14 November 20241. The estimate is for 264Mt @ 1.3g/t Au for 11.2Moz, which can be broken down into 13Mt @ 1.4g/t for 0.6Moz, 149Mt @ 1.3g/t Au Indicated for 6.3 Moz, and 103Mt @ 1.3g/t Au for 4.3 Moz Inferred.

NAE confirms that it is not aware of any new information or data that materially affects the information included in De Grey’s reported Mineral Resources referenced in this market announcement. To NAE’s full knowledge, all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

NAE Executive Director Joshua Wellisch commented:

‘The completion of these Geophysical Surveys and identification of new targets marks a pivotal step in our exploration efforts and stakeholder relations at Wagyu. With the support of the Kariyarra People, we have gathered data that links structures and anomalies across the tenement, providing a foundation of our geological understanding. We look forward to using these insights to unlock further potential at Wagyu in the lead up to the imminent 3000m RC Drill Programme.”

Geophysical Surveys and Geological Continuity

The Passive Seismic (Tromino) and Ground Gravity surveys at Wagyu have provided valuable data across the Yule River bed, enhancing the geological connectivity between the east and west portions of the tenement. The Passive Seismic survey, conducted at 200-meter intervals across nine lines, offers insights into bedrock continuity, while the Ground Gravity survey (Figure 4), with spacings of 200m x 200m and infill at 50m x 50m over specific targets, reveals density contrasts associated with mineralisation.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Gold vs. Copper: Which Metal Will Shine Brighter in 2025?
next post
Hempalta Announces Issuance of Warrants and TSXV Approval for $325,000 Loan Financing

Related Posts

Crypto Market Recap: TradFi Deepens Crypto Collaboration, BlackRock...

March 16, 2025

FEED Study Confirms Micronising Operation

March 20, 2025

Stardust Power Shares Boosted by Sumitomo Lithium Offtake...

February 6, 2025

CEO Appointment

May 19, 2025

Consensus 2025: DeFi, Stablecoins and Tokenization Signal Crypto’s...

May 27, 2025

Asara Raises $2.3M in Placement to Underpin Exploration...

February 20, 2025

Purepoint Completes Initial Drill Program Along Groomes Lake...

May 23, 2025

Coelacanth Announces 2024 Year-End Reserves

April 25, 2025

JZR Gold Inc. Announces Completion of Testing of...

May 14, 2025

John Rubino: Gold on “Epic Run” as Chaos...

May 3, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • King Charles emphasizes Canada’s ‘self-determination’ as he opens parliament after Trump’s annexation threats

      May 28, 2025
    • Chaos erupts on first day of US-backed aid distribution in Gaza after weeks of hunger

      May 28, 2025
    • Germany’s leader has criticized Israel’s conduct in Gaza. Here’s why that’s a big deal

      May 28, 2025
    • Macron’s marital shove disappears from French airwaves

      May 28, 2025
    • Judge in Diego Maradona trial stands down following documentary scandal

      May 28, 2025
    • The Best Five Sectors, #20

      May 28, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved