ASX-listed gold explorer, Venus Metals, has unveiled a 29 per cent increase in the contained gold component of its historic 90 per cent-owned Bellchambers project 23km south-west of Sandstone in WA less than 100km from its joint-ventured flagship Youanmi gold project in the Yilgarn Craton.
The Perth-based company lifted the JORC-compliant indicated and inferred mineral resource estimate for Bellchambers to 536,000 tonnes grading 1.27 grams per tonne gold for 21,800 ounces of contained gold, representing a 29 per cent jump in ounces.
Assays from Venus’ recently completed round of RC drilling comprising nine holes totalling 1,176m were incorporated into the new resource. Notable wider intersections from that program included 26m at 1.47 g/t gold from 79m, 20m at 1.41 g/t from 71m, and 11m at 1.42 g/t from 85m.
Other encouraging results were 1m at 6.82 g/t from 85m, 1m at 4.04 g/t from 89m, 2m at 5.87 g/t from 54m including 1m at 9.16 g/t, 2m at 4.18 g/t from 59m including 1m at 6.04 g/t, and 1m at 7.28 g/t from 67m.