Venus Metals Corporation has released a comprehensive outline of recent drilling at its joint venture for the historic Youanmi project in Western Australia.
The latest development is that gold mineralisation has been discovered in granite north of the Youanmi mining leases.
Venus Metals Corporation has announced plans to carry out ground electromagnetic (EM) surveys over high-priority nickel-copper-platinum group elements (PGE) targets at its recently acquired Bridgetown East project in Western Australia.
The gold and base metals explorer today provided an update to the market on its wholly-owned exploration permits following initial fieldwork and targeting.
Venus picked up the two tenements in October. The ground includes the prospective north-eastern part of an approximate 20km long structure named ‘Thor’, which is believed to be similar to Chalice Gold Mines' Julimar nickel-copper-PGE discovery.
ASX-listed explorer, Venus Metals Corporation, says it has picked up a couple of early polymetallic sniffs at its Bridgetown East nickel-copper-PGE project in WA’s south-west region as the company looks to emulate the feats of Chalice Mining following its exciting Gonneville nickel-copper-PGE discovery at the Julimar project further north.
Recent reconnaissance surface sampling done by Perth-based Venus encountered platinum-palladium-copper anomalies in laterite, which together with historical data point to what the company says are high-priority targets in mafic‐ultramafic rocks prospective for potential nickel‐copper‐PGE mineralisation.
Venus now plans to undertake further surface sampling and detailed ground electromagnetic surveying work across several geochemical targets and previously identified airborne electromagnetic anomalies. A subsequent round of drilling is proposed.
A reverse circulation (RC) drilling campaign has kicked off at prospects within the Youanmi gold project in Western Australia, jointly-owned by Venus Metals Corporation and Rox Resources.
Drilling will focus on the Youanmi North, Sovereign and Taylor’s Reef targets for a total 2,200m and is expected to be completed within two weeks.
Youanmi North is located at the granite-greenstone contact along the Youanmi shear zone north of the Youanmi gold mine, where a recent detailed ground magnetic survey identified structural targets.
Two of these targets are broadly associated with anomalous gold intersections in historical drill holes, and with a north-trending gold anomaly in historical soil data which extends into granite terrain.
Venus Metals Corporation has joined the hunt for the next Julimar nickel-PGE discovery in WA with the company acquiring two new tenements at Bridgetown East. The tenure covers over 270 square kilometres of prospective stratigraphy and hosts a previously defined electromagnetic sulphide target in the southern portion of the project area.
ASX-listed gold explorer, Venus Metals, has unveiled a 29 per cent increase in the contained gold component of its historic 90 per cent-owned Bellchambers project 23km south-west of Sandstone in WA less than 100km from its joint-ventured flagship Youanmi gold project in the Yilgarn Craton.
The Perth-based company lifted the JORC-compliant indicated and inferred mineral resource estimate for Bellchambers to 536,000 tonnes grading 1.27 grams per tonne gold for 21,800 ounces of contained gold, representing a 29 per cent jump in ounces.
Assays from Venus’ recently completed round of RC drilling comprising nine holes totalling 1,176m were incorporated into the new resource. Notable wider intersections from that program included 26m at 1.47 g/t gold from 79m, 20m at 1.41 g/t from 71m, and 11m at 1.42 g/t from 85m.
Other encouraging results were 1m at 6.82 g/t from 85m, 1m at 4.04 g/t from 89m, 2m at 5.87 g/t from 54m including 1m at 9.16 g/t, 2m at 4.18 g/t from 59m including 1m at 6.04 g/t, and 1m at 7.28 g/t from 67m.