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Venus Metals Corporation has been granted new exploration ground in the north west of Western Australia in an area prospective for nickel, copper, platinum, palladium, gold and rare earth elements (REE).

The granted tenement EL 09/2422, along with three additional licence applications, are in the name of Venus’ wholly-owned subsidiary Redscope Enterprises and cover 546 sq km in the state’s Gascoyne region.

According to the explorer, several northwest trending Narimbunna igneous intrusives (dolerite and gabbro sills) and north-northeast trending Mundine Well dolerites, dykes, sills and small intrusions located within the project area are considered “highly prospective for magmatic nickel-copper-platinum-palladium mineralisation similar to that discovered in the Money Intrusion.

Full article by Small Caps