Verity Resources (ASX: VRL) has delivered a maiden Indicated resource of 1.18Mt at 1.75g/t gold for 66,200oz at its flagship Monument project in Western Australia, following an 11,000m infill drilling program. The upgrade lifts Monument's total resource to 2.5Mt at 1.72g/t for 137,700oz and gives the geological confidence needed to underpin mine planning, alongside a newly defined high-grade underground component of 77,100oz sitting beneath the Korong and Waihi pit shells. Metallurgical testwork returned recoveries of up to 97% at Waihi with low reagent consumption, pointing to a conventional gravity and leach flowsheet across both deposits. The article also runs through the gold-in-soil anomalies, the 56-hole aircore campaign and the start of first-pass sampling in Botswana — read on for the full quarterly picture.

Verity Resources Announces Maiden Indicated MRE at Monument Gold Project as Botswana Program ContinuesVerity Resources unveils maiden Indicated MRE at Monument: 66,200 oz from 1.18 Mt at 1.75 g/t; Monument now 137,700 oz, plus high-grade underground resource.http://smallcaps.com.au/article/verity-resources-announces-maiden-indicated-mre-at-monument-gold-project-as-botswana-program-continues