Verity Resources (ASX: VRL) has launched a large-scale soil sampling campaign at its Monument gold project in Western Australia, targeting new drill-ready discoveries across a rapidly expanding landholding.
The program of approximately 550 samples will test multiple geophysical and structural targets across both newly acquired ground at Gum Well and established prospects including Star Well and McKenzie Well, forming a key step in the company’s district-scale growth strategy.
The campaign is designed to convert early-stage anomalies into high-confidence drill targets, supporting Verity’s broader objective of building scale beyond its existing 154koz gold resource.
Alongside regional targeting, the program will refine several advanced prospects where previous work has already identified gold anomalism.
Multi-Style Gold Potential
A central focus of the program is first-pass exploration at the recently granted Gum Well tenement, which more than doubled the Monument project footprint to roughly 405 square kilometres.
Geophysical interpretation has identified multiple conceptual targets across intrusive, ultramafic and banded iron formation (BIF) units.
This combination opens the potential for both intrusion-hosted and BIF-hosted gold systems.
These settings are directly comparable to major nearby deposits in the Laverton district—including Jupiter (approximately 1.5Moz) and the 1.4Moz Westralia deposit—highlighting the scale potential of the newly secured ground.
Advancing Toward Drilling
At Star Well, earlier sampling outlined a 700m anomaly with peak values of 453 parts per billion gold and rock chips grading up to 6.17g/t, with current work aimed at tightening drill targeting.
McKenzie Well is emerging as a priority target, with coherent soil anomalies up to 96ppb Au and strong structural continuity suggesting a potentially robust gold system under shallow cover.
Sampling at McKenzie Granite will test intrusive-related targets adjacent to the nearby McKenzie Well deposit, where mineralisation is associated with felsic porphyries.
Verity expects results from the soil campaign to feed directly into follow-up aircore drilling, forming the next key catalyst for the Monument project.
Clear Pathway to Catalysts
The work is being executed in parallel with the planned Mineral Resource Estimate upgrade expected in April 2026, aimed at increasing confidence in portions of the existing 154koz resource.
“This soil sampling campaign builds directly on the work we have been systematically executing across Monument,” director Patrick Volpe said.
With only around 10% of the project’s 20km prospective BIF strike drilled to date and more than 60 priority targets identified, Verity is positioning Monument as a scalable discovery opportunity within one of Australia’s most productive gold belts.
“The objective is to advance the Monument district-scale growth story and generate the next series of drill targets to run alongside the resource upgrade pathway,” Mr Volpe added.
