Venturex Resources (ASX:VXR) is committed to the identification, acquisition and development of mineral resources that will deliver substantial and sustainable value to Shareholders.
The Company is based in Perth, Western Australia. Venturex's principal asset is the Whim Creek VMS Project located in the Pilbara Region of Western Australia. The Company also controls a number of advanced gold projects in Brazil.
Venturex Resources' (ASX: VXR) revised new resource estimate the Mons Cupri and Whim Creek Deposits has been boosted to 5.97Mt @ 1.64% Cu equivalent.
This moves the project a step closer to the Scoping Study due next quarter.
The Scoping Study is targeting a milling rate of 600,000 tonnes per annum for an initial Life of Mine Plan of approximately eight years.
There has also been a 54% increase in contained copper equivalent metal.
The combined open pit ore reserve has increased to 3.47Mt @ 2.2% Cu Eq.
Whim Creek is one of four VMS deposits in the project area and located just 3km from a proposed central processing facility.
The facility is to be developed as the foundation for a long-term copper-zinc operation, with a targeted capacity of at least 600,000tpa.
Venturex said further mineral resource and ore reserve revisions are imminent for nearby Salt Creek and Evelyn deposits.
Drilling will commence shortly at Mons Cupri Northwest targeting extensions of sulphide zones.