Valiant Gold (ASX:VAL) confirms mineralisation extensions below existing South Emu-Triton Resource
June 17, 2026Valiant Gold has reported the first assay results from its maiden drilling program at South Emu-Triton within the 100% owned Reedy Gold Project in Western Australia’s Murchison region.
The program was designed to test extensions below the existing Mineral Resource of 1.7Mt @ 4.0g/t Au for 224koz of gold, with the initial results confirming mineralisation below the current Resource boundary.
Highlights
- 26REDD001_W5 returned 34.2m @ 2.97g/t Au from 1007.9m, including 3.6m @ 15.55g/t Au.
- Additional intersections in W5 included 9.5m @ 1.71g/t Au from 1044.5m, 10.0m @ 1.27g/t Au from 1064.0m and 7.0m @ 2.37g/t Au from 1078.0m.
- 26REDD001_W1 returned 20.1m @ 1.92g/t Au, including 6.0m @ 3.96g/t Au.
- Mineralisation has been extended to approximately 400m below the existing Resource.
- The mineralised system extends over 100m horizontal width and remains open in all directions.
- Infill drilling is planned to support upgrading existing Resource material from Inferred to Indicated classification.
The reported results were returned from drilling completed beneath the existing South Emu-Triton Mineral Resource, with assays from W5, the deepest hole drilled at the deposit, returning 34.2m @ 2.97g/t Au from 1007.9m, including 3.6m @ 15.55g/t Au, which the company stated represented a +100 gram metre intercept.
W1 was designed to test the eastern contact of the Reedy Shear and returned 20.1m @ 1.92g/t Au, including 6.0m @ 3.96g/t Au.
The company stated that the results support previously reported historic drilling intersections located outside the current Mineral Resource Estimate.
Valiant reported that the drilling program demonstrated that gold mineralisation extends more than 400m below the currently defined Mineral Resource Estimate.
The company also stated that the mineralised system at depth now exceeds 100m in horizontal width and remains open down dip and along strike.
The announcement stated that mineralisation intersected in W5 is characterised by a biotite silica carbonate pyrite pyrrhotite flooded shear zone hosted in mafic volcanic rocks adjacent to a discrete ultramafic shear, which the company stated is consistent with previously mined material at Triton.
The South Emu and Triton deposits are located within the Reedy Gold Project in the Murchison region of Western Australia.
According to the announcement, the deposits are examples of Archaean shear hosted gold mineralisation within the Meekatharra greenstone belt of the Youanmi Terrane in the Yilgarn Craton.
Mineralisation is associated with steeply dipping north northeast trending shear zones developed within mafic to ultramafic volcanic sequences.
Valiant Managing Director and Chief Executive Officer Brendan Tritton said,
“As we disclosed during the IPO, our first exploration focus was to confirm that mineralisation at South Emu – Triton extended below the known orebody, and today’s results have delivered. We will now transition to infill drilling of the known orebody to support future upgrades of Inferred material to Indicated so that we can progress towards expanded mine planning and restart studies for future production at South Emu – Triton.”
The company reported that approximately 2,000m of drilling has been completed as part of a planned 5,000m program, noting that only W5 effectively tested the target while the remaining holes did not reach their intended targets.
According to the announcement, drilling was impeded by depth and changes in geological structures, affecting production rates and the ability to complete holes.
The company stated that hole stabilisation methods have now been optimised, with W5 successfully advancing through the different zones and testing the full extent of the 100m wide target zone.
Drilling at Triton is continuing, with the company indicating that near term work will focus on shallower positions within the deposit and the conversion of Inferred ounces to the Indicated category within the Mineral Resource inventory, while assay results for W3 and W4 remain pending.
The company stated it intends to follow up this drilling program at depth at a later date from a more proximate underground position.
Ongoing surface exploration is targeting infill, resource growth and extensions within, below and proximal to the Triton Mine to support mining restart at the Reedy Project.
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