Venus Metals Corporation says drilling at the Sovereign prospect in Western Australia has extended the known high-grade gold mineralisation down dip.
The best result from the latest reverse circulation (RC) drilling was 8m at 5.03 grams per tonne, including 2m at 15.83g/t and 3m at 2.86g/t.
Venus holds 50% of Sovereign which is within the Youanmi gold project joint venture with operator Rox Resource. The companies each control 50% (gold rights only) at Sovereign.
Venus Metals Corporation has discovered high-grade gold mineralisation at the Taylor’s Reef prospect within the Currans Find mining lease, which is held under joint venture with Rox Resources and private owner Doug Taylor.
Reverse circulation and aircore drilling were carried out at Taylor’s Reef, which is a new unworked zone where Mr Taylor recovered high-grade gold from surface workings.
Drilling confirmed the mineralisation extended at depth, while a third “very high grade” lode was discovered.
The lode is shallow and remains open at depth and along strike.
Highlight results from drilling were 3m at 19.58 grams per tonne gold from 21m, including 1m at 55.81g/t; and 2m at 6.67g/t gold from 57m, including 1m at 12.27g/t.
Venus Metals could be knocking on the door of the next high-grade gold discovery at Youanmi in WA. The company’s drilling campaign over the Taylor’s Reef prospect has returned outstanding high-grade gold intercepts, including 3m at 19.58 g/t gold also hosting 1m at an impressive 55.81 g/t gold from only 21m downhole.
This latest set of results continues to highlight the remarkable potential of the Youanmi greenstone belt which in recent years has witnessed a resurgence in exploration activity led by Venus and its joint venture partner, Rox Resources.
A string of recent discoveries at Youanmi has included the high-grade Penny West Deeps and the Grace gold deposits, firmly stamping the terrane as one of Australia’s most fertile addresses for high-grade gold discoveries.
Western Australia-based duo Venus Metals Corporation and Rox Resources have recovered new “exceptionally high” gold grades that extend the strike length of the Grace prospect at the Youanmi gold mine joint venture to 700m.
The joint venture partners today revealed new results from an ongoing reverse circulation (RC) drilling program including an impressive 13m intersection grading at 60.49 grams per tonne gold from a depth of 177m, containing 4m at 191.56g/t gold from 181m.
ASX-listed explorers Venus Metals and Rox Resources have struck high-grade gold again in granite rock at the exciting Grace discovery at their historic joint-ventured Youanmi project in WA. The latest bonanza gold hits add to mounting evidence that a style of gold mineralisation not recognised at Youanmi previously has been discovered by the dynamic duo.
ASX-listed explorer, Venus Metals, has successfully farmed out the Curara Well gold project in WA to AIC Mines but maintains a minority interest in the highly prospective joint venture ground that lies in the vicinity of existing successful gold and copper-gold mines.
Venus now holds a 20 per cent interest in Curara Well, about 170km north-east of Meekatharra, that is free carried through to a decision to mine.
The Curara Well JV tenement holdings are located immediately south of Superior Gold’s Plutonic gold mine and north-east of Sandfire Resources’ DeGrussa and Monty copper-gold mining operations.
Recent exploration by AIC has identified a significant, previously unrecognised DeGrussa-Monty-style multi-element surface geochemical anomaly at the Curara Well project.