Read this incredible article about NAE. The managing director J Wellish seems very confident!

New Age Exploration (ASX:NAE) starts air survey at Pilbara gold projects

• Explorer New Age Exploration (NAE) has begun an aeromagnetic survey over four exploration licences in the Pilbara region of Western Australia
• The survey is part of the due diligence program, where the company currently has an option to purchase the tenements from Monterey Minerals
• The tenements are located near De Grey Mining's (DEG) Hemi gold discovery and the team is assessing the ground for Hemi style gold deposits
• New Age is expecting the survey to be completed within 5 to 7 days and results will be used to find targets for future exploration programs
• On the market today, company shares are flat and trading for 1.4 cents per share

New Age Exploration (NAE) has begun an aeromagnetic survey over four exploration licences in the Central Pilbara Gold district of Western Australia.

The survey is part of due diligence to purchase the tenements from private company Monterey Minerals. As a result, the option for the purchase will be made after the due diligence is completed.

The tenements are located near De Grey Mining's (DEG) Hemi gold discovery, so the team is assessing the ground for Hemi-style gold deposits.

Thomson Aviation will undertake the aeromagnetic survey on 100-metre-spaced lines with a 35-metre sensor height. According to New Age, this will be a significant improvement in data resolution compared to previous surveys.

New Age expects the survey to be completed within five to seven days and results will be used to find targets for future exploration programs.

"The commencement of the detailed aeromagnetic survey is very important for New Age’s due diligence of the Monterey tenure," Executive Director Joshua Wellisch said.

"We are excited to see the results in the coming weeks as it is the key tool in highlighting potential Hemi gold-style targets," he added.

On the market today, New Age shares remain flat and trading for 1.4 cents per share at 1:47 pm

https://themarketherald.com.au/new-age-exploration-asxnae-starts-air-survey-at-pilbara-gold-projects-2020-11-17/