Ann: High-Grade Gold Identified - New Zealand Projects, page-2

• Rock chip sampling at the historic Cox’s, Cosmopolitan, ABC and Nuggety Gully,
Fulton and Bucks mines/prospects in Otago, New Zealand has returned multiple
high-grade results, including 27.0 g/t Au, 17.0 g/t Au, 14.1 g/t Au and 12.0 g/t Au
• Numerous rock samples assayed >1 g/t Au, with the majority of rock chip samples
being mineralised above background levels
• Results confirm potential for multiple high-grade gold drill targets associated with
the historic mines
• Lammerlaw in-fill gold assays for soil samples collected in 2021 highlight new areas
of interest and highlight existing targets
• These results continue the positive results from NAE’s exploration program across
the Central Otago Project area
• Maiden drilling program planned for 2022-2023 field season
New Age Exploration Limited (ASX:NAE) (NAE or the Company) is pleased to report high-grade gold in
rock chip assay results for exploration work conducted in Q2 2022 at the Lammerlaw and OPQ Projects,
Central Otago, New Zealand. High-grade gold assay results reflect positive pXRF arsenic results
announced July and August 2022.
The NAE Lammerlaw and OPQ Projects are located 100km to the south-west of Santana Minerals Limited's
(ASX:SMI) recent discoveries at their Bendigo-Ophir Gold Project and 70km south-east of the world-class
Macraes Gold Mine, owned and operated by OceanaGold (TSX:OGC) (Figure 1).
New Age Exploration Executive Director, Joshua Wellisch, commented:
“These high-grade rock chip samples results provide clear evidence that the Otago goldfields has significant
discovery potential. NAE now understand the prospective tenor of gold mineralisation within the
Lammerlaw and OPQ permits. We now plan to accelerate the exploration, including a maiden drilling
program over the 2022-2023 field season