Venus Metals Corporation Limited (
- An initial soil geochemical survey totalling c. 1,500 samples was completed across E 09/2422, E 08/3229 and ELA 08/3375 (Figure 1*). Samples have been submitted for a multi-element suite with assays pending.
- In addition to the soil survey, 58 rock chip samples were collected from gossanous outcrops, pegmatites and quartz veins (Figures 2-4*), and these specimens are being analyzed for a multi-element suite including PGE, Au, REE and Li-Cs-Ta-Nb.
The tenements E 09/2422 and E 08/3229 cover a total of 295 km2 and abut Dreadnought Resources Ltd's (
Within Venus' E 09/2422 and E 08/3229, several northwest trending Narimbunna igneous intrusives (dolerite and gabbro sills) and north-northeast trending Mundine Well dolerites, dykes, sills and small intrusions (possibly extending into ELA 08/3375) are considered highly prospective for magmatic Ni-Cu-Pt-Pd mineralization similar to that discovered in the Money Intrusion (Mundine dolerite) at Lumpy's Find and, more recently, at Bookathanna. E 09/2422 and E 08/3229 are also considered prospective for gold mineralization along strike of the historical high-grade Star of Mangaroon gold mine, at structural targets along several shear and fault zones that transect the tenements and along strike of historical gold workings.
Based on the results of its initial sampling programme, Venus will prioritize potential target areas for further work including detailed follow-up sampling, ground geophysical surveys and drilling.
*To view tables and figures, please visit:
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About Venus Metals Corporation Limited
Venus Metals Corporation Limited (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.
The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.
Contact
Matt HoganManaging Director
Venus Metals Corporation Limited
Tel: +61 8 9321 7541
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