Vertex ready to reap Reward with drilling

Vertex Minerals (ASX:VTX) is lining up additional diamond drilling across various targets at the Reward Gold Mine at its Hill End Project in New South Wales. 

Reward represents one of the mines that make up part of the South Star group of mines. 

The $10 million market capitalisation company says drilling will be undertaken at the Foster exploration target and below the Reward gold mine resource with the aim of building upon the existing resource. 

Vertex reports the drilling comes ahead of a Prefeasibility Study (PFS) that is scheduled for completion this month (December 2023).

The upcoming drilling program follows the company’s announcement today (5 December) that it has identified ‘high-grade’ gold targets south of the Hill End Gold Plant, and Reward resource. 

Vertex reports ground truthing light detection and ranging (LiDAR) reveals further workings around the South Star group of mines, presenting latitude for further ‘near mine’ resource growth. 

The aforementioned targets include multiple parallel gold-bearing quartz veins along a strike of more than 800m.

The company notes no drilling has been carried out at South Star, with only limited sampling having been completed to date.     

Vertex Minerals Executive Director Tully Richards says the company is also laying out plans for an ‘extensive’ mapping and sampling program in line with drilling during the summer months. 

Vertex Minerals is focused on achieving the commercial production of gold from the Hill End Project with an environmental footprint that will make it an industry leader. 

The company’s Reward gold mine is well-placed for a simple start-up, with the existing gravity processing plant sitting adjacent to the underground mine access point, which in turn extends into the resource.

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Images: Vertex Minerals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.