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New Age Exploration (ASX: NAE) is an Australian-based mineral exploration company focused on gold and critical minerals.

New Age Exploration's Maiden drill program at Lammerlaw NZ intersects Macraes-style shear zone hosted Gold mineralisation

New Age Exploration (ASX:NAE)

  • Maiden RC drilling program confirms shear zone hosted gold mineralisation in fresh schist at the Lammerlaw Gold Project, New Zealand.
  • Best intersection: 6m @ 0.65g/t Au from 92m, including 2m @ 1.05g/t Au, hosted in muscovite-rich, graphite-bearing schist with elevated tungsten (W) (1,750 ppm) and arsenic (As) (680 ppm).
  • Three additional holes intersected anomalous gold (0.1–0.4g/t Au) with coincident As, W ± Sb pathfinder elements.
  • Mineralisation textures, pathfinder geochemistry and host rock type are all consistent with early-stage Macraes-style mineralisation.
  • Results confirm NAE’s exploration strategy and targeting approach on the southern limb of the regional Otago antiform structure with future drilling to test strike extensions, remaining targets and potential higher-grade shoots.

 

New Age Exploration (ASX:NAE) (NAE or the Company) is pleased to announce that its maiden Reverse Circulation (RC) drilling program at the Lammerlaw Gold Project, New Zealand, has intersected shear zone hosted gold mineralisation analogous to the Macraes deposit. NAE commenced its maiden Phase 1 drilling in April and completed the programme in May with 5 holes drilled for 458 metres. (Refer to ASX Announcements 3 April 2025 and 16 May 2025.)

The program targeted prospective trends identified through systematic mapping, detailed hand-auger soil sampling, and regional geophysics designed to penetrate 1–5m of loess cover and test for orogenic gold mineralisation similar to Macraes. This strategy has successfully identified hard rock mineralisation beneath historic workings and supergene enrichment zones, confirming continuity along strike of several soil anomalies.

The most significant result was recorded in hole LAM RC13, which intersected:

  • 6m @ 0.65g/t Au from 92m, including 2m @ 1.05g/t Au,
  • Elevated tungsten averaging 1,750 ppm and arsenic  averaging 680 ppm (pXRF),
  • Disseminated sulphides within deformed muscovite-graphite schist, typical of Macraes-style mineralisation.

Other intersections (LAM RC10, LAM RC12, LAM RC13) returned gold grades between 0.1–0.4g/t Au over 2–3m intervals, coincident with elevated As and W, further supporting the Macraes analogue.

 

NAE Executive Director Joshua Wellisch commented: "This is an important milestone for NAE and the Lammerlaw Project.

From the outset, our vision was to test the southern limb of the Otago antiform for Macraes-style mineralisation.

We identified Lammerlaw as the key ground to hold, and within our first 500 metres of drilling, we have intersected exactly what we set out to find – shear zone hosted gold mineralisation with the same characteristics that underpin the Macraes system.

Grades reported in these early intersections are typical of Macraes-style deposits.

Our next step is to build on this success – target potential higher-grade shoots and continue to drill towards defining a maiden resource.

We’re confident Lammerlaw has the geological scale and setting to support a significant gold system, and this is a very encouraging start.”

 

Link to ASX Announcement: Maiden drill program at Lammerlaw intersects Macraes-style shear zone hosted Gold mineralisation

Visit our website: New Age Exploration Limited


Contact details:

Joshua Wellisch

Executive Director

+61 3 9614 0600
[email protected]

Mark Flynn
Investor Relations

+61 416 068 733
[email protected]