Venus Metals Corporation Limited (ASX:VMC) Successful Commissioning of the Diamond Sampling Plant at Argyle Smoke Creek Alluvial Diamond Project
Perth, Dec 22, 2011 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) are pleased to announce the successful commissioning of the Diamond Processing Plant at its Argyle Smoke Creek Alluvial Diamond Project.
Stockpiles of diamondiferous gravels over 6,000 tonnes have been prepared and located at the processing plant in readiness for treatment. Venus plans to extend excavations in 2012 to present an additional 9,000 tonnes from selected targets to the processing plant.
The commissioning program was delayed by approximately four months due to the complications importing the plant from South Africa and then some unforeseen technical challenges.
All these challenges have been successfully addressed by Venus and it is now well positioned to progress the sampling program in early 2012.
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.
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