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Perth-based explorer Venus Metals Corproation has completed a regional geochemistry survey at the Mangaroon North polymetallic project in Western Australia’s Gascoyne region.
The survey comprised 1500 soil samples collected from across the project, including new tenements granted in July over a total of 546 square kilometres in an area prospective for nickel, copper, platinum, palladium, gold and rare earth elements.
Approximately 58 rock chip samples were also collected from gossanous outcrops, pegmatites and quartz veins, and will be analysed for platinum group elements, gold, rare earth elements and a lithium-caesium-tantalum-niobium suite.
Precious and base metals explorer Venus Metals Corporation reports what it calls encouraging platinum group elements (PGE)-copper-nickel hits after drilling seven holes at its Youanmi complex in Western Australia.
The reverse circulation (RC) drilling program at the Vidure prospect, totalling 734m, saw the company successfully extend shallow PGE mineralisation into fresh ultramafic rock of the southern Youanmi igneous complex, along strike and down dip.
Earlier this year Venus reported it had located a strong conductor at the comapny's Vidure South prospect.
Venus is targeting conductive sulphides with the potential to host nickel-copper-PGE mineralisation.
Venus Metals has encountered platinum group element, copper and nickel mineralisation at its Youanmi project in WA after probing a promising electromagnetic conductor. A seven hole, 734 metre drilling program has extended the mineralisation at the project with a 7m intersection going 0.85 grams per tonne platinum, palladium plus gold from 124m. The 7m hit also included a high-grade interval of 2m at 1.44 g/t platinum, palladium plus gold.
Included in the 7m intersection was a splattering of copper at 0.022 per cent and 0.35 per cent nickel from 126m.
The next best result from the campaign that targeted magmatic palladium, platinum, gold, copper and nickel mineralisation was 6m grading 0.76 g/t platinum, palladium and gold with 0.031 per cent copper and 0.36 per cent nickel from 30m.
Venus Metals has discovered highly anomalous nickel, copper, chromium, platinum and palladium in soils in its Barrabarra North project in Western Australia which is next door to Chalices’ acclaimed and similarly named Barrabarra project.
Assays from the soil sampling program returned anomalous grades of up to 63 parts per million nickel, 46 parts per million copper, 13 parts per billion platinum and palladium and a whopping 3,169 parts per million chromium in the project area.
In a hugely encouragingly sign for Venus, the geological mix of goodies looks like a facsimile of Chalice’s early exploration results.
Venus is working on the hypothesis that these platinum group elements, or “PGEs” and base metal anomalies may indicate mafic-ultramafic bedrock and the system is equivalent to the adjacent Chalice Barrabarra project.
Venus has hurriedly applied for two new exploration licences to increase its tenure in the area to cover a massive 1000 square kilometres and has systematic soil sampling and geophysical surveys planned on these tenements once granted.
Perth-based explorer Venus Metals Corporation has identified a platinum group elements and base metals anomaly during initial reconnaissance field studies at its Barrabarra North nickel-copper-PGE project in Western Australia’s West Yilgarn province.
Geochemical sampling at two high-priority targets within the project area found highly-anomalous concentrations in soil with values of 63 parts per million nickel, 46ppm copper, 13 parts per billion platinum and palladium, and 3,169ppm chromium.
The targets sit near to Chalice Mining's Barrabarra project and are based on the laterite geochemical database for the western Yilgarn Craton.
Reconnaissance soil sampling has identified what Venus Metals Corporation reports as “compelling” strong soil anomalies at its Bridgetown East nickel-copper-platinum group elements project in Western Australia.
The project area has been described by Venus as covering the northern part of the “Julimar lookalike” nickel-copper-PGE target, a reference to the headline-making Julimar discovery in March 2020.
Chalice Mining struck a massive sulphide zone with its first ever drill hole at the geographically large Julimar project located 70km from Perth.
Chalice now has a farm-in agreement with Venture Minerals on another project, Southwest, where it can earn a 70% interest by spending $3.7 million over four years.