ASX:VMC $0 .000

ASX-listed gold explorer, Venus Metals Corporation has jagged a couple of high-grade gold hits from a round of reconnaissance drilling at the Range View prospect nearby its Bellchambers deposit as part of its historic 90 per cent-owned Sandstone gold project in WA.

Investors certainly liked the sound of the Range View drilling numbers, pushing Venus’ stock up 37 per cent in early trade on Friday to an intra-day high of 24¢ from a previous closing price of 17.5¢.

The Perth-based company recently completed a seven-hole RC drilling program for an aggregate 460 metres vectoring in on historical gold workings at the Range View and Western Ridge prospects. The two prospects are located 1.5 kilometres north-east and 2.6km north of Bellchambers, respectively.

Notable intersections at Range View were 11m at an average grade of 4.69 grams per tonne gold from 12m including an intriguing 1m at 38.92 g/t from 20m and 5m at 9.03 g/t from 18m, and 8m at 1.22 g/t from 30m including 1m at 4.48 g/t from 30m. Western Ridge returned a best assay of 1m at 4.35 g/t from 67m.

Full article by The West Australian