New Age Exploration (ASX:NAE) has resumed reverse circulation drilling at its Wagyu Gold Project in the Pilbara, following a scheduled break over the Christmas and New Year period.
The ~4,000m RC program aims to test both the strike and depth extensions of known "Hemi Style" gold mineralisation, as well as newly defined targets within the highly prospective Mallina Basin corridor, located just 5km west of Northern Star Resources’ 11.2Moz Hemi Gold deposit.
Prior to the holiday pause, 24 drill holes totaling 2,388m had been completed, intersecting lithologies, alteration, and sulphide assemblages consistent with the March 2025 drilling campaign, supporting the continuity of the Wagyu mineralised system.
Gold mineralisation at Wagyu remains fine-grained and visually subtle, with assay results from samples already submitted expected to be received progressively from January through March.
NAE Executive Director Joshua Wellisch commented that recommencing drilling marks an important phase in the program, adding that the continuity of alteration and intrusive geology observed to date supports the company's exploration model.
At the time of reporting, New Age Exploration's share price was $0.0030.