The BellChambers Gold Project E57/984 is located approximately 23km southwest of Sandstone, adjacent to the Sandstone-Paynes Find main road (Figure 1). Venus holds a 90% interest and a prospector holds a 10% interest in the tenement (refer ASX release 1 August 2014).

Bell Chambers has a high-grade production history. The recorded production from 1907 to 1942 (Mines Department production list of cancelled gold mining leases) is 3,979 tons for 2,682 oz Au at a recovered grade of 20.96 g/t Au.

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Figure 1. Location of Venus's Bell Chambers Gold Project ELs and Heli-borne EM Survey Area

Widenbar and Associates prepared a JORC 2012 resource estimate for VMC Bell chambers (Table 1) (refer ASX release 20 March 2015) and was based on historical RC and diamond drillholes.

Table 1. The Inferred Resource reported at 0.5 gm/t Au and at 1.0 gm/t Au cut-off  

Cut-off

Volume

Tonnes

Density

Au

Ounces

0.5 

142,000

340,000

2.4

1.5

17,000

1.0 

91,000

219,000

2.4

2.0

14,000

 

Wide gold intersections have been obtained from two RC holes drilled recently at the Bell Chambers Gold Project near Sandstone and results include: 

BCRC 106        7m @ 1.50 g/t Au from 15m

 27m @ 2.72 g/t Au from 27m 

BCRC 107        64m @ 1.7   g/t Au from 10m    

The maximum value recorded was 1m @19.38 g/t Au from 29m in hole BCRC 106 (refer ASX release 19 June 2019). A plan view of the Bell Chamber Prospect showing drill holes BCRC 106 and BCRC 107 is presented in Figure 2. The holes were drilled to provide geological and assay confirmation for the inferred JORC 2012 resource (refer ASX release 20 March 2015) 

The robust assay results confirm previous drill results and will enable fresh JORC resource calculations to be completed to move the inferred resource to the indicated and measured categories. 

The results show extensive and continuous gold intersections confirming both the previous geological interpretation as well as grade continuity down dip in the oxide-transition and fresh rock zones.

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Figure 2. Plan view of the Bell Chamber Prospect showing drill holes BCRC 106 and BCRC 107

A recent HEM survey (218 line km along 12km strike length) has defined 25 anomalies of which 10 are high-priority targets (Figure 3). These high-priority targets are primarily located along the interpreted mineralised Western Ridge - Mickey Well trend (refer ASX release 31 March 2020).

Of high significance are mid- to late-time anomalies BC20 to BC24 which have been delineated in the south of the survey area and represent discrete EM responses ranging in strike length from 200m to 400m. Priority targets BC20 and BC24 appear to correlate with historical geochemical gold  anomalies defined by Aquila (WAMEX report 65051); more recent reconnaissance geochemical sampling by Venus returned up to 3.38 g/t Au  at BC24 (Figure 4). Recent geological field studies underscore the importance of stratigraphic controls on gold mineralization along the Western Ridge – Mickey Well Gold Trend; Au mineralization generally occurs within sheared sediments along the contact with Banded Iron Formation (BIF) and mafic to ultramafic rocks.

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Figure 3. HEM B-Field Z Channel 40 image showing anomaly locations,noting high priority targets labelled and outlined in red. 

 

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Figure 4. HEM B-Field Z Channel 40 image showing high priority southern targets with geochemical results.