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Venus Metals has its drill bit spinning again, this time at its historical Bellchambers gold deposit in the WA Goldfields and part of the company’s Sandstone gold project.
The project is on a 208 square kilometre tenement, 90 per cent owned by Venus and located 500km north-east of Perth and 23km south-west of the tiny prospecting town of Sandstone.
The program will target structurally controlled gold mineralisation and will test the depth continuation of mineralisation intersected in late 2020 from a nine-hole drilling program totalling 1176m.
That campaign resulted in a substantial increase in Bellchambers’ JORC-compliant indicated mineral resource. The new resource figure was 536,000 tonnes going 1.27 grams per tonne golds for 21,800 ounces contained gold, representing a 29 per cent jump in ounces.
Venus Metals Corporation’s partner in the East Greenbushes project, IGO Limited, has launched an exploration blitz on its site that sits adjacent to the world-renowned Greenbushes lithium mine.
IGO is planning a geochemical survey specifically targeting lithium at the site and expects to take a total of 1350 soil samples at the operation in the South West region of WA.
Around 500 soil samples will be collected at 100m by 200m spacing in addition to about 850 soil samples at 160m spacing. IGO says the survey will provide a project-wide framework for further targeting and will supplement previous geochemical surveys in specific target areas.
Venus Metals has launched an RC drilling program at new targets at its wholly owned Youanmi lithium project in WA’s Murchison region, about 480km north-east of Perth.
The drilling will test lithium soil and rock chip anomalies for pegmatite-hosted lithium-caesium-tantalum, or “LCT” mineralisation in the bedrock.
The company was encouraged from assays of 158 soil samples, 40m by 80m spacing, collected as part of a regional reconnaissance geochemical program together with three rock chip samples from the sub-cropping pegmatites.
Rock chip and soil samples taken from Venus Metals' Mangaroon North rare earth elements (REE) project in Western Australia have suggested the presence of REE-enriched ironstones along a 7km long northwest trend.
The junior explorer today revealed results of recent field work and geochemical sampling comprising 299 soil and 84 rock chip samples, as well as the reanalysis of 66 previous soil samples.
According to the company, REE anomalies associated with ironstone were identified in areas of cover at 1,848 parts per million total rare earth oxides (TREO) with 355ppm neodymium about 1km west of the Edmund fault, and a 7km northwest trend was reanalysed to contain up to 2,136ppm TREO with 232ppm neodymium. Soil samples in Pooranoo metamorphics also contained up to 1,420ppm TREO.
Rock chip sampling at Venus Metals' Marvel Loch project in Western Australia has confirmed widespread rare earth elements (REE), while drilling has begun at the Youanmi gold joint venture.
The company recently completed field work and geochemical sampling programs at the project including collecting 38 rock chips.
Analysis of the rock chips returned up to 4,365 parts per million total rare earth oxides (TREO) in monzogranite bedrock in the eastern target area of the tenement.
Venus Metals has confirmed the presence of rare earth elements at its Marvel Loch East project with results from rock chip samples returning grades of up to 4365 parts-per-million total rare earth oxides, or “TREO”.