Vault Minerals obtains strong drill results across WA portfolio

Vault Minerals (ASX: VAU) has received positive exploration results aimed at driving future growth from three of its key WA gold deposits.

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At the King of the Hills (KoTH) project the company has further extended both surface and underground mineralisation with drilling beyond the current mineral resource boundaries.

Highlight hits include 7.60m at 31.7 grams per tonne (g/t), 10.25m at 4.13 g/t and 1.77m at 16.5 g/t.

Drilling results have also been positive at the emerging proximal sedimentary package, an area that has historically seen limited drilling, returning standout intercepts of 5.15m at 25.8 g/t, 3.80m at 19.4 g/t and 0.40m at 91.4 g/t.

Step out surface drilling around 600m down plunge of current life of mine (LOM) designs has also successfully intersected the targeted granodiorite host unit, returning 2.62m at 1.70 g/t within the sparsely tested hanging-wall sediments.

Those results were boosted when the first of two follow-up underground drillholes intersected visible gold within the primary host unit at 320m, 358m and 470m down plunge.

The company told shareholders these intersections confirm the presence of mineralisation 300 to 500m beyond current mining areas, with the host unit remaining open, highlighting the potential to extend underground operations beyond the existing ore reserves.

At the nearby Darlot project, drilling continues to highlight the emerging Lord Felsics zone with high-grade infill and extensional intersections, including 8.70m at 21.3 g/t, 4.64m at 35.3 g/t and 0.60 m at 91.8 g/t.

The company has also identified a potential new shallow bulk mining opportunity at Warne, with results such as 4.34m at 24.5 g/t, 0.60m at 151.5 g/t and 3.24m at 7.18 g/t.

Vault management consider both Pipeline and Warne, which lie outside current ore reserves, offer significant opportunities for reserve conversion and the addition of new near-term production fronts within this prolific gold system.

In parallel with the increased exploration activity at Darlot, Vault has commenced a review of the Darlot processing facility to assess the potential to recommence processing there through a low capital intensity refurbishment to further increase the company’s dominant processing infrastructure in the region.

At the Deflector project underground drilling targeting infill and extensional positions within the Contact lode has intersected high-grade mineralisation, including 1.3m at 22.8 g/t, 1.3m at 17.1 g/t and 0.8m at 27.6 g/t.

Notably, the Contact lode has seen limited drilling since its initial development in 2016,

VAU is steady at $5.82. Mkt cap $6.072B.

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