Valiant Gold Hits 68.80g/t Gold Below South Emu Resource as Deposit Opens at Depth
Key Takeaways
- Valiant Gold's maiden diamond drilling at South Emu-Triton returned a standout intercept of 7.0m @ 4.57g/t Au from 861m depth, including a 0.3m sub-interval grading 68.80g/t Au — well above the 10g/t threshold considered exceptional for underground gold.
- All new intercepts sit outside the current 1.7Mt @ 4.00g/t Au (224koz) Mineral Resource Estimate, directly signalling resource growth potential without requiring a new discovery.
- Mineralisation has been confirmed over 350m of strike and extends up to 400m south and 200m north below the defined resource boundary, with the system remaining open in all directions at depth.
- South Emu-Triton sits on a granted Mining Lease with existing underground development and an Ore Purchase Agreement with Westgold Resources providing a processing solution from day one — a restart pathway, not a greenfields build.
- The drill rig has now mobilised to the Boomerang Gold Deposit for an 8,000m resource-conversion program, with initial results expected Q2 FY27 and final South Emu-Triton assays (26REDD004) due September 2026.
Valiant Gold hits high-grade gold below South Emu-Triton resource
Valiant Gold has announced high-grade gold intercepts from its maiden diamond drilling program at the Reedy Gold Project. The drilling tested for extensions to the South Emu-Triton Mineral Resource at depth and has now been completed, successfully proving continuation of the mineralised system.
Results sit outside the current MRE, signalling resource growth potential. The standout intercept: 7.0m @ 4.57g/t Au from 861.0m, including 0.3m @ 68.80g/t Au (26REDD003). Another high-grade zone returned 2.0m @ 11.49g/t Au from 872.0m in the same drillhole. South Emu-Triton is a brownfields development pathway within Valiant’s portfolio. Comet remains the lead mine restart workstream.
The current South Emu-Triton MRE stands at 1.7Mt @ 4.00g/t Au for 224koz. These new intercepts sit beneath that resource boundary — a signal the deposit could grow.
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The drilling results in detail
The program totalled 4,436m across 8 drillholes. Assay results are reported for 26REDD002, 26REDD003, and wedges 3 and 4 from 26REDD001. Wedges 3 and 4 from 26REDD001 were abandoned before effectively testing their respective targets. Results from wedge 5 of that hole were previously reported: 34.2m @ 2.97g/t Au from 1007.9m, including 3.6m @ 15.55g/t Au.
Mineralisation has been intersected over approximately 350m of strike. Depth extensions extend approximately 400m south and 200m north below the defined resource. The system remains open in all directions at depth.
| Hole ID | From (m) | Interval (m) | Grade (g/t Au) | Notes |
|---|---|---|---|---|
| 26REDD003 | 817.0 | 1.0 | 1.06 | Shallow intercept |
| 26REDD003 | 838.0 | 7.3 | 2.35 | Upper zone |
| 26REDD003 | 849.0 | 1.0 | 5.96 | Discrete high-grade |
| 26REDD003 | 861.0 | 7.0 | 4.57 | Including 0.3m @ 68.80g/t Au |
| 26REDD003 | 872.0 | 2.0 | 11.49 | Lower high-grade zone |
Key program statistics:
- Total metres drilled: 4,436m
- Drillholes completed: 8
- Drillholes reported in this update: 3 (26REDD002, 26REDD003, and two wedges from 26REDD001)
- Final drillhole (26REDD004) assays expected: September 2026
Why high-grade extensions at depth matter
When drilling intersects mineralisation outside the existing MRE boundary, it tells you the deposit could be bigger than currently defined. The MRE is the inventory of mineralisation a company can quantify with confidence. Drilling beyond that boundary and hitting economic grades is the first step toward resource growth.
A mineralised system “open at depth and in all directions” means drilling has not yet defined the limits of the deposit. For you, this signals upside — more drilling could add ounces to the resource base without the need to discover a new system from scratch.
The 68.80g/t Au sub-interval and multi-gram intercepts qualify as high-grade for gold. For context, grades above 2.0g/t Au are generally considered economic in underground mining scenarios. Grades above 10g/t Au are exceptional. These results sit well above that threshold, lowering the grade required from surrounding material to support production. Resource growth at a high-grade deposit with existing infrastructure materially lowers the barrier to production.
A restart pathway already in place
South Emu-Triton sits on a granted Mining Lease with significant underground development already in place. The deposit is located 55km south of processing infrastructure, accessible via the Ore Purchase Agreement with Westgold Resources Limited. This is a commercial agreement providing a processing solution from day one.
The deposit was last in production in FY2023, operated by Westgold. This is a restart opportunity, not a greenfields discovery. Valiant is assessing dewatering options as part of ongoing development studies. No development decision has been made. Any future development remains subject to technical review, approvals, funding, and sequencing.
Brendan Tritton, Managing Director & CEO
“South Emu-Triton is one of the Company’s highest-grade existing Mineral Resources within the Reedy Project and represents an excellent opportunity for near-term production and resource growth. The maiden drilling program has successfully demonstrated that mineralisation extends to depths of up to 400m below the current Mineral Resource Estimate (MRE) and over a strike length exceeding 350m. These results further enhance confidence in the quality, continuity and growth potential of the South Emu-Triton mineral system. The deposit’s size, grade and significant existing underground infrastructure make it a priority re-start opportunity within Valiant’s project pipeline. Assessment of dewatering options is currently underway as part of ongoing development studies. With drilling at South Emu-Triton now complete, exploration activities will shift to the Company’s maiden drilling program at the Boomerang Gold Deposit, where two diamond drill rigs are currently operating.”
What’s next for Valiant’s development pipeline
Valiant is advancing a staged, multi-asset strategy toward gold production. The diamond rig has mobilised from South Emu-Triton to the Boomerang Gold Deposit, joining a second rig for a maiden 8,000m resource-conversion program.
Upcoming catalysts:
- Final South Emu-Triton assay results (26REDD004) — expected September 2026
- Initial Boomerang Phase A assay results — expected Q2 FY27
- Comet advancing as lead mine restart workstream (dewatering, rehabilitation, restart studies)
- Review of dewatering options and technical studies for potential South Emu-Triton restart underway
Pipeline snapshot:
- Comet: Lead mine restart workstream
- South Emu-Triton: Future underground restart opportunity
- Boomerang: Potential open-pit and underground development, resource-confidence drilling underway
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The investment case for Valiant Gold
Valiant is an emerging Western Australian gold company, demerged from Westgold in March 2026. It holds 100% of the Reedy and Comet projects, assets with historical production of over 1Moz and a combined 1.2Moz Mineral Resource. The company holds existing Mining Leases and has a processing solution from day one via the Westgold Ore Purchase Agreement.
The South Emu-Triton drilling success validates the resource-growth and restart strategy. The deposit sits on granted tenure with underground development in place, materially de-risking the pathway to production. The catalyst pipeline is dense: final South Emu-Triton assays in September, Boomerang drilling results in Q2 FY27, and technical studies advancing across the portfolio.
No development decision has been made. The company is managing a staged approach to expenditure, informed by drilling results and defined technical decision points. What these results tell you is that the resource base at South Emu-Triton is not static. The high-grade system continues at depth, and the scale of the opportunity is expanding with each set of assays.
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