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.
A DeGrussa and Monty style anomaly has been identified at Venus Metals' Curara Well joint venture with AIC Mines.
Venus holds a 20% interest Curara Well, which encompasses five tenements for 89.7 square kilometres in Western Australia’s Gascoyne region. Venus is also free-carried through to a decision to mine.
AIC Mines has been firming up targets at Curara Well which is immediate south of TSXV-listed Superior Gold’s Plutonic gold mine and north-east of Sandfire Resources' DeGrussa copper-gold operation and Monty discovery.
During recent exploration, AIC Mines identified a “significant” surface geochemical anomaly at Curara Well.
AIC Mines noted the anomaly was similar in style to DeGrussa and Monty and situated in a similar setting.
ASX-listed dynamic duo Venus Metals and Rox Resources are at it again, this time at the Sovereign discovery within their historic Youanmi gold project in WA’s Murchison region. The Sovereign target continues to throw up some solid numbers including 10m going 3.64 grams per tonne gold from 79m. Venus recently finished three RC holes at Sovereign for a total of 530m to verify previous aircore results and test the bedrock potential beneath intercepts the aircore drilling enocuntered.
The 10m intersection also had a 2m high-grade section going 10.64 g/t gold from 82m and other notable intersections were 7m grading 3.97 g/t from 59m including 1m at 8.19 g/t from 64m and 4m at 2.68 g/t from 116m including 1m at 5.43g/t Au from 118m.
Venus Metals Corporation has returned new high-grade gold assays from exploration at the Sovereign prospect within the Youanmi gold joint venture, 480 kilometres north-east of Perth.
Reverse circulation drilling to test beneath gold intersections reported in an earlier aircore campaign expanded the previous gold discovery and showed best assays of 10m at 3.64 grams per tonne gold from 79m, including 2m at 10.64g/t from 82m; and 4m at 2.68g/t gold from 116m, including 1m at 5.43g/t from 118m.
Venus Metals and JV partner, Rox Resources have tabled their first set of metallurgical test work numbers at the Youanmi gold project in West Australia’s Goldfields. The results show an impressive average gold recovery from the oxide material at the Grace prospect of 97 per cent. The test work also returned a gold recovery of 94 per cent in oxide material at the Plant Zone and Main Lode.
High gold recoveries in the shallow oxide zone are encouraging for the JV partners who said they are now confident in the non-refractory nature of the mineralisation from outside the historical mine area at Youanmi.