New Age Exploration (ASX:NAE) identified gravity anomalies after conducting additional geophysical surveys at its Wagyu gold project in Western Australia, according to a Tuesday Australian bourse filing.
The passive seismic and ground gravity surveys were made across the Yule River bed. The anomalies may indicate the presence of more mineralized gold intrusions.
The firm plans to use the findings from testing drill targets east of the river to develop further targets on the west of the river. A follow-up reverse circulation drilling program is planned to test gold mineralization.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.