Venus Metals Corporation has upgraded the mineral resource estimate for its Bellchambers gold deposit in WA’s Goldfields region with a 35 per cent increase in tonnage and a 40 per cent rise in gold ounces.
The updated JORC-compliant resource now sits at 722,000 tonnes at 1.31 grams per tonne gold for a total of 30,500 ounces at a cut-off grade of 0.5g/t gold. The indicated mineral resource category now holds 22,100 gold ounces.
The deposit forms part of Venus’ 90 per cent-owned Sandstone operation, which sits about 70km north-east of the Youanmi gold project. The company recently completed an RC program at the site that highlighted assays of 34m going 1.25g/t gold from 160m, including 1m grading an impressive 9.47g/t gold from 178m.