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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.

The intersection was hit at 48m below ground and returned 19m at 2.59% nickel, 1.04% copper, 8.37 grams per tonne palladium and 1.11g/t platinum.

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.

Full article by Small Caps