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.
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