Reconnaissance soil sampling has identified what Venus Metals Corporation reports as “compelling” strong soil anomalies at its Bridgetown East nickel-copper-platinum group elements project in Western Australia.
The project area has been described by Venus as covering the northern part of the “Julimar lookalike” nickel-copper-PGE target, a reference to the headline-making Julimar discovery in March 2020.
Chalice Mining struck a massive sulphide zone with its first ever drill hole at the geographically large Julimar project located 70km from Perth.
Chalice now has a farm-in agreement with Venture Minerals on another project, Southwest, where it can earn a 70% interest by spending $3.7 million over four years.
Known high-grade mineralisation at the Link prospect has been extended by what gold exploration partners Rox Resources and 30%-holding joint venture partner Venus Metals describe as “exceptional drilling results”.
Link is part of the large historic Youanmi project in Western Australia being explored by the two companies.
The new intercepts were reported from 120m down plunge of the existing resource envelope.
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.
Venus Metals Corporation, together with joint venture partner Rox Resources, has identified a potential new parallel lode during drilling at the Youanmi gold mine in Western Australia.
The company intersected high-grade mineralisation in a newly-defined position in the hanging wall, in an area between the Bunker pit and the Youanmi main lode.
Drilling intersected 4 metres at 45.5 grams per tonne gold from 341m and is believed to have highlighted the “significant potential” for further discoveries of economic mineralisation in the area.
Venus Metals and joint venture partner Rox Resources have intersected gold mineralisation in four reverse circulation drill holes at the Youanmi-OYG project near Mt Magnet in Western Australia.
The results were identified following a May drilling campaign and demonstrate strong potential for further increases to the project’s current resource base of 1.7 million ounces grading 2.85 grams per tonne gold.
Best assays were 17m at 5.14g/t gold from 151m, including 11m at 7g/t from 156m at the Link prospect; 9m at 4.57g/t gold from 148m at Junction; and 2m at 10.02g/t gold from 268m at Youanmi South.
Reverse circulation drilling has expanded the known mineralisation at Venus Metals' Youanmi platinum group element and base metals project in Western Australia.
Drilling was undertaken at Venus’ majority-owned prospects Vidure, Vidure South and P57/1365 and followed up on PGE-base metal hits from 2019 of 38m at 0.78 grams per tonne platinum and palladium from 20m, including 12m at 1.32g/t platinum and palladium.
Best intersections in this latest campaign were 30m at 0.95g/t platinum, palladium, gold, plus 0.22% copper and 0.24% nickel from 40m, including 11m at 1.12g/t platinum, palladium, gold, plus 0.18% copper and 0.26% nickel from 52m, and 3m at 1.64g/t platinum, palladium gold, plus 0.32% copper and 0.42% nickel from 66m.