ASX:VMC $0 .000

Venus Metals Corporation and Rox Resources are headed for a mineral resource upgrade at their Youanmi gold project after impressive results from resource development drilling, including a 4m hit at 14.85 grams per tonne gold from 298m.

The joint venture partners say the high-grade results confirm significant gold endowment at the project that sits about 480km north-east of Perth.

The latest assays are from an ongoing 23,000m campaign at the operation that is now more than 50 per cent complete, with additional results showing 4m going 7.6g/t gold from 311m and 6.53m grading 10.31g/t gold from 339.47m.

Full article by The West Australian