The Sandstone Gold Copper Project is within tenement E57/984 (125 km2; 90% VMC). The Bellchambers mining area, first reported by Gibson in 1908, is located about 23 km southwest of Sandstone (Figure 1) and is 70km by road northeast of the Youanmi Gold Field. Historical reported gold production is 3,688 ounces of gold from 5,620 tonnes of ore at an average grade of 21 g/t gold. Exploration of the Bellchambers deposits by Venus defined a JORC 2012 resource of 30,500 ounces Au @ 1.31 g/t Au (refer ASX release 4 April 2023).
During early CY 2024 Venus conducted soil geochemical surveys which defined a distinct north-northeasterly trending and broadly 200m wide bismuth-molybdenum anomaly. The survey covers a historic mine shaft near outcropping quartz-malachite veins at Black Range West where rock chip samples returned up to 6.34% copper in association with bismuth (up to 2034ppm Bi), silver (up to 40.2 ppm Ag) and gold (up to 0.25ppm Au). Further fieldwork is planned to investigate potential links with granite- related Cu-Au style mineralisation (see Quarterly Activities Report for March 2024).
Sandstone Bellchambers Gold Project Figure 1.