The company has also announced its intention to list on the Singapore Exchange (SGX) and has been granted a mining permit for the Fred’s Well Prospect.
Quarterly Activities Report
Verity Resources Limited has released its quarterly activities report for the three-month period ending 31 December 2024. The report provides an update on the company’s progress and highlights key achievements during this period.
Infill Drilling at Fred’s Well Prospect
The company’s focus on infill drilling at Fred’s Well Prospect has been a significant aspect of its quarterly activities. The follow-up drilling program aimed to expand the known mineralisation and provide a better understanding of the deposit’s potential. The drilling program was conducted using a combination of reverse circulation and rotary drilling techniques. The results of the drilling program have been encouraging, with several intersections of gold mineralisation reported. The intersections include: + 2.5 metres of gold mineralisation at a grade of 1.2 grams per tonne (g/t).
The pit optimisation studies will be conducted by the company’s in-house team, with support from external consultants. The studies will focus on the following key areas: Optimisation of pit slope and shape to reduce costs and improve efficiency Optimisation of haulage routes and haulage costs Optimisation of waste management and disposal costs Optimisation of equipment and maintenance costs Optimisation of labour costs and productivity Optimisation of environmental impact and sustainability*
Pit Optimisation Studies: A Key to Unlocking Efficiency and Sustainability
The year 2025 marks an exciting milestone for the company, as pit optimisation studies are set to commence on two of its most promising deposits: Korong and Waihi.
The program aimed to gather data on the geological setting, mineralization, and structural controls of the deposit.
Introduction**
The Pimenta REE-Nb deposit, located in eastern Minas Gerais, Brazil, has been the focus of significant exploration efforts in recent years. The project’s unique geological setting and mineralization characteristics have garnered attention from mining companies and researchers alike. This article will delve into the details of the Pimenta Project, highlighting the key findings from the surface reconnaissance program and its implications for future exploration and mining activities.
Geological Setting**
The Pimenta Project is situated in the southeastern part of the Minas Gerais state, approximately 200 km northwest of the city of Diamantina. The area is characterized by a complex geological history, with multiple phases of magmatic and metamorphic activity.
The company has been working on the project since 2014 and has made significant progress in the past few years.
Project Overview
The Monument Gold project is a gold exploration project located in the Laverton region of Western Australia. The project is situated near the town of Laverton, which is approximately 600 kilometers northeast of Perth.
Key Features
Exploration History
Vermont Resources Ltd has been working on the Monument Gold project since 2014. The company has made significant progress in the past few years, including:
Exploration Methods
The company has used a range of exploration methods to discover the gold deposit, including:
Economic Implications
The Monument Gold project has significant economic implications, including:
The company has a strong focus on sustainability and environmental responsibility, as evident from its commitment to reducing carbon emissions and promoting renewable energy sources.
The Limpopo Mobile Belt: A Rich Depository of Precious Metals
The Limpopo Mobile Belt, a geological formation in southern Africa, is renowned for its rich deposits of precious metals, including gold, platinum, and diamonds. This region has been a hub of mining activity for centuries, with many countries in the area, including Botswana, South Africa, and Zimbabwe, extracting valuable resources from its depths.
Verity Resources’ Stakes in the Limpopo Mobile Belt
Verity Resources, a company with a strong focus on sustainability and environmental responsibility, has established a significant presence in the Limpopo Mobile Belt. The company’s base and precious metals project in Botswana is a prime example of its commitment to responsible mining practices.
