Multi-commodity explorer Venus Metals has received a vote of confidence from Queensland multi-millionaire and veteran coal miner, Christopher Wallin, who injected $1.2 million into the company through a placement of shares priced at 20 cents each.
Venus Metals and Rox Resources may be sitting on a high-grade gold deposit at their Currans Find JV gold project near Youanmi, WA, after re-sampling of recent holes turned up a spectacular intersection of more than two ounces to the tonne gold.
Rox Resources Limited and partner Venus Metals Corporation Limited have completed settlement of the Youanmi Gold Mine (OYG JV) in Western Australia.
Venus Metals has contracted Murdoch University Associate Professor Aleks Nikoloski to carry out a metallurgical research study into vanadiu, iron and titanium recoveries from its Youanmi project near Sandstaon, WA. The research is co-funded by the Australian Government and test combined pyrometallurgical and hydrometallurgical process to recover all three metals from Youanmi oxide ores.
Venus Metals Corporation has drilled wide gold intersections from its recent reverse circulation (RC) program at the Bell Chambers Gold Project near Sandstone in WA.
Venus Metals and Rox Resources have kicked off a 1200 metre RC drilling program at their prospective Currans Find JV mining lease south of Youanmi, WA.