ASX-listed Venus Metals and joint venture partner Rox Resources are extending deep drilling at their Youanmi gold project near Mt Magnet in Western Australia. The pair have added 2,000m of diamond drilling to a program targeting depth extensions to high-grade gold shoots and new shoots.
Recent stellar gold hits are expected to feed into an upcoming resource update with the partners looking to add to the deposit’s 1.19 million ounces.
Youanmi historically produced 667,000 ounces at an impressive 5.47 grams per tonne gold from several open pits and underground mines until its closure in the 1990s.
A third drilling rig is being brought in by Rox, which has 70 per cent of Youanmi, and Venus, which owns the balance.