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Venus Metals and Rox Resources say they have identified what looks to be a new gold lode parallel to the old Youanmi mine at their joint ventured Youanmi gold project in WA. The JV partners’ continuing drilling campaign at Youanmi recently returned a pulse quickening 4-metre intersection going an impressive 45.5 grams per tonne gold from 341m including 1.33m grading an even more impressive 129.3 g/t gold from 341.75m.

According to the Perth-based joint venture partners, the high-grade intercept perforated a previously untested hanging wall zone at the Junction prospect and points to a potential new gold-bearing lode parallel to and adjacent to the historic mine near Mount Magnet in the state’s central Yilgarn Goldfield.

Venus and Rox say the blockbuster high-grade hit occurs at a newly defined position in the hanging wall to the Youanmi main lode structure in an area roughly halfway between the old Bunker pit and the old Youanmi main pit.

Follow up drilling is planned to further probe the new high-grade hanging wall shoot.

Other stand-out recent high-grade gold hits from infill and extensional drilling at Junction were 16m at an average grade of 4.22 g/t gold from 56m including 3m at 16.4 g/t from 66m and 3m at 15.17 g/t from 108m.

Full article by The West Australian