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Venus Metals and joint venture partner Rox Resources have drilled high-grade gold some 80m outside of the existing resource base at their Youanmi gold project in the Murchison district of Western Australia with a 6.8m intercept returning a stellar 11.98 grams per tonne gold from 264m. Drilling continues as the partners seek to grow the 1.66-million-ounce resource at the project.

The new intercept comes on the back of assays from one diamond drill hole and two reverse circulation holes at the Link prospect in the northern end of the mineralised envelope defined at Youanmi.

The high-grade hit features a 2m interval going an eye-catching 37.65 g/t gold from 269m.

In addition, drilling intercepted a parallel mineralised zone above the high-grade interval with a solid 4.92m hit grading 6.51 g/t gold from 250m.

The latest assays add to recent results at Link where one hole delivered 3m at 4.42g/t from 101m and 5m at 5.96g/t gold from 138m.

Other recent hits include 4m at 3.71 g/t from 216m and 4m at 2.98 g/t gold from 162m.

The intercepted mineralisation lies near historical open pits with some results close to an old underground mine being considered by the partners for development.

Youanmi historically produced 667,000 ounces at 5.47 g/t gold from several open pits and underground mines until its closure in the 1990s.

Full article by The West Australian