from ST**khead, just maybe for MTL if the dice rolls right.........

from ST**khead, just maybe for MTL if the dice rolls right......
New Age Exploration’s (ASX:NAE) Wagyu project, positioned in one of the only undrilled tenements near De Grey Mining’s (ASXEG) monster Hemi gold deposit
.De Grey came out a big winner after the misinformed Pilbara gold rush a few years back where Novo Resources (ASX:NVO) and partner Artemis Resources (ASX:ARV) found ‘nuggety’ conglomerate gold that had geological similarities to South Africa’s Witwatersrand gold mining district – one of the largest on the planet.Explorers started pouring into the Pilbara – De Grey being one of them
Luckily for them they had an extensive east-west tenement package across the Mallina shear zone – yet at the time De Grey had only found 0.2% oxide gold near-surface from AC drilling at what is now the +10.5Moz and growing Hemi deposit – pegged to become one of Australia’s top five gold-producing mines.
Snapping up tenements from global aggregate producer Holcim – which was apparently a long time in the making – New Age has found itself right in the mix between Hemi, and along strike from Australia’s latest monster gold discovery.NAE is looking for a high marble score for Wagyu and has had a few things cooking recently, so we decided to reach out to the junior’s exec director Joshua Wellisch.Speaking to *, Wellisch tells how he and his team got into Wagyu in the Pilbara and of the excitement around being adjacent to one of the most exciting new gold deposits in Australia.“We saw some extremely attractive targets ~7km along strike from Hemi and got on board a very experienced geologist in Greg Hudson that brings a lot of expertise to help us deliver the project,” Wellisch says.“Getting ourselves to the front of the queue with snapping up Wagyu is a testament to the communication and relationships with local landholders and stakeholders for what we’re doing.“It should be remembered that when Hemi was looked at the start, exploration with aircore drilling only showed up 0.2-0.3 g/t gold grades, so there’s a lot of potential even when you’re not hitting the highs at the beginning.“The appeal is around our tenement landholding – we can fit a Hemi and a half in Wagyu and the upside, while it remains to be seen what’s there, is massive, along strike from a proven giant.”The Pilbara gold hunter has lined up its ducks and the proof will be in the pudding over the next six months, as it embarks on its maiden drill program. This will include planned AC/RC drilling through to the end of the year.Surveyance from the air looks good for the next steps in exploration, so heritage surveys are underway and an AC drill program that will further define the six already eyed targets will follow. Source: New Age Exploration “The recently acquired airborne magnetic data has made a significant contribution in the definition of high priority targets at Wagyu inclusive of signatures indicative of intrusive bodies,” Wellisch explained.“With approvals for drilling now in place, and a cultural heritage survey start date confirmed, we are all very excited about drilling these exceptional ‘Hemi-style’ targets along strike from the ~10.5Moz Hemi gold deposit.”