Perth-based explorer Venus Metals Corporation has confirmed that regional soil surveys in the Mangaroon North project area in Western Australia’s Gascoyne region have identified a series of rare earth, gold and platinum group elements (PGE) targets.
An initial geochemical reconnaissance survey outlined multiple target areas for follow-up in an area which abuts Dreadnought Resources' Mangaroon tenure.
The results showed total rare earth oxide (TREO) concentrations of up to 1,611 parts per million and anomalous neodymium (316ppm) in an ironstone specimen, indicating potential for rare earth mineralisation northwest of the Yangibana rare earth elements carbonatite field, owned by Hastings Technology Metals.