Venus Metals Corporation Limited (ASX:VMC) Announce Mt Phillips New Gold Discovery Up To 421 Grams Per Tonne Gold
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise a New Gold discovery at Bassit Bore Prospect, (E09-1676) (3.13 km2) Mt Phillips ("Tenement"). The Company has signed an agreement with a prospector for an option to purchase the Tenement for a total consideration of A$155,000 (inclusive of the option fee) payable in 3 instalments over a two year period. A A$25,000 non-refundable option fee has been paid and the option is exercisable at any time up to 10th February 2012.