Venus Metals has unearthed five new electromagnetic targets following its recent high-powered geophysical survey as the company steps up its nickel-PGE hunt in the mineral rich Youanmi terrane. The anomalies were spotted at Venus’ new Vidure South prospect where historical drilling has returned tantalising grades of nickel and platinum group elements with the company yet to tap into the deeper source of this elusive sulphide mineralisation.
Venus Metals (VMC) has received results from its stage two drilling program at the Sandstone Gold Project in Western Australia.
In mid-February, the company began reverse circulation (RC) drilling at the Range View Prospect to test the extent of the high-grade gold mineralisation.
Phase one work returned a best intercept of 11 metres at 4.69g/t gold including one metre at 38.92g/t gold.
ASX-listed gold explorer, Venus Metals has racked up encouraging near-surface gold hits from a second round of RC drilling at the Range View prospect nearby the Bellchambers deposit as part of its Sandstone gold project in WA. Better assay results from the latest drilling were six metres grading an average 2.06 grams per tonne gold from 20m including 1m at 6.14 g/t from 24m, 5m going 2.76 g/t from 45m including 1m at 6.23 g/t from 47m, and 9m at 2.3 g/t from 15m.
The Perth-based company recently completed the “stage two” 11-hole RC drill program to follow up on high-grade gold mineralisation intersected beneath historical shallow drilling at Range View during its reconnaissance RC drilling late last year.
Stand-out intercepts from the round-one drilling comprising seven holes at Range View were a cracking 11m at 4.69 g/t from 12m including 5m at 9.03 g/t from 18m that in turn contained a higher-grade core of 1m at 38.92 g/t from 20m, and 8m at 1.22 g/t from 30m including 1m at 4.48 g/t from 30m.
Venus says the prospect remains open at depth and warrants further RC drilling to test the extent of the gold mineralisation there.
More gold has been intercepted at the Sandstone project by Venus Metals, with mineralisation remaining open at depth.
In a separate announcement this morning, the company also noted that drilling had begun at the Curara Well copper-gold joint venture in which it retains a 20% free carried interest after the farm-out to AIC Mines.
At Sandstone, the stage two drilling program was designed to test the extent of high-grade gold mineralisation previously hit at the Range View prospect, in which Venus has a 90% interest.
Results from this stage two drilling included hole 134 which returned 9m at 2.3 grams per tonne gold from 15m.
Another hole uncovered 6m at 2.06g/t gold from 20m down hole, including 1m at 6.14g/t gold.
A third assay reported 5m at 2.76g/t gold, including 1m at 6.23g/t gold.
Venus Metals Corporation has begun another reverse circulation drilling program at its Sandstone gold project in Western Australia with program aiming to firm confidence in the Range View prospect.
Drilling will target the 90%-owned Range View prospect within the project which is 1.5km along strike from its Bellchambers gold deposit which has a resource of 536,000 tonnes at 1.27 grams per tonne gold for 21,800 contained ounces.
Venus noted that a large portion of the resource – 18,400oz – was classified as indicated.
At Range View the program will test the lateral continuation of high-grade gold that was uncovered during reconnaissance drilling late last year.
This program intersected 11m at 4.69g/t gold from 12m, including 1m at 38.92g/t gold from 20m.
Another hole unearthed 8m at 1.22g/t gold from 30m, including 1m at 4.48g/t gold.
Venus Metals has commenced a fresh round of reverse circulation, or “RC” drilling at its 90 per cent-owned Range View prospect as it hunts down more gold at the interesting looking target just 1.5kms north-east of its Bell Chambers gold deposit. Venus is testing the extension of high-grade gold mineralisation discovered late last year at Range View, just off the Paynes Find-Sandstone Road, east of Mount Magnet in Western Australia’s Goldfields region.
The Venus-operated Range View prospect is part of the company’s Sandstone gold project that is wedged between its Bell Chambers deposit and Middle Island Resources’ clutch of gold discoveries located just south of the historical gold mining town of Sandstone in WA.
The Perth-based gold and base metals hopeful said one RC drill hole in the previous reconnaissance drilling campaign at Range View tagged a significant intercept of 11 metres grading 4.69 grams per tonne gold from just 12m downhole.
Importantly, the drill hit included an intriguing 1m section going 38.92 g/t gold, from just 20m downhole, with the gold-rich zone still open at depth and along strike.