RC Drilling Commenced Youanmi Vanadium Oxide Project
RC Drilling Commenced Youanmi Vanadium Oxide Project
Perth, Nov 8, 2018 AEST (ABN Newswire) - Venus Metals Corporation Limited (ASX:VMC) (FRA:EZL) is pleased to announce the commencement of a 6000m reverse circulation (RC) drilling programme at the Youanmi Vanadium Oxide Project, Western Australia (Figure 1 in link below). The RC drilling programme is expected to be completed at the end of November.

- The drilling is designed to convert part of the JORC 2012 inferred mineral resource of 110.6 million tonnes @ 0.30% V2O5 into a large measured oxide resource from surface to 45m depth.

- Once a measured resource is achieved it will support the Scoping Study that is currently in progress.

- The majority of the drilling will be carried out on a 40 by 80m spacing over a strike length of 2km.

- RC drill program will also deliver a 100 tonne bulk sample for advanced metallurgical test work.

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About Venus Metals Corporation Limited

Venus Metals ASX:VMC

Venus Metals Corporation Limited (ASX:VMC) holds a significant and wide ranging portfolio of Australian base and precious metals exploration projects comprising lithium, cobalt, vanadium, copper, zinc, nickel, gold and platinum group of elements.

Key project areas in Western Australia include:

- Pincher Well Zinc-Copper Project (Youanmi): Over 5 km of under explored VMS trend with an Exploration Target of 15-20 Million Tonnes@ 2-8% Zinc,which also hosts a number of high grade lodes (>10% Zinc).

- Currans Well Cobalt-Nickel-Copper Project (Youanmi): Significant Cobalt mineralisation up to 1483 ppm Co in historical drilling. Extensive Lateritic Duricrust Co-Ni target areas identified.

- Curara Well Nickel-Copper-Gold Project (Doolgunna):10 km northeast of Sandfire Resources DeGrussa Copper Mine. Wide intercepts of disseminated Nickel Sulphides (Millerites) in Ultramafics.

- Southern Cross Vanadium Project (Youanmi): JORC 2012 Inferred Vanadium Mineral Resource of 167.7 Millions Tonnes @ 0.41% V2O5, 7.52% TiO2.

- Strategic Lithium-Tantalum Projects in WA.



Matthew Hogan
Managing Director
T: +61-8-9321-7541

Barry Fehlberg
Executive Exploration Director
T: +61-8-9321-7541

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