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Ventnor Resources hits sulphides at Fire Dragon prospect

Published: 12:30 13 Apr 2017 AEST

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Further drilling is planned for later this month

Ventnor Resources (ASX:VRX) has confirmed an intersection with sulphides at its Fire Dragon prospect in the Biranup Project area located 370 kilometres north-east of Kalgoorlie, Western Australia.

Diamond drill hole FDD001 was completed to 397 metres and intersected a number of sulphidic zones between 214 and 239 metres depth.

This zone is coincident with the interpreted conductor from the recent ground and downhole electromagnetic surveys that have been completed.

Bruce Maluish, managing director, commented: “The drilling to date was targeted on an interpreted conductor plate following the surface and downhole geophysical surveys.

“Further drilling is warranted and planned for later this month.”


FDD001 drill hole results

The intersected sulphidic zone between 214 and 239 metres is coincident with the interpreted conductor from the recently completed ground and down hole electromagnetic surveys.

The sulphides intersected are typically pyrrhotite, are structurally controlled and associated with strong carbonate alteration, with up to 30% sulphides observed.

Grades of up to 9.7% sulphur, 230 ppm cobalt, 845 ppm copper, 5.0% magnesium and 317 ppm nickel were assayed in the hole.

Ventnor is encouraged by these results that have confirmed it is within a hydrothermal system which is highly prospective for base metals occurrences.


Upcoming drilling

Additional diamond drilling is planned to commence later this month, which will be undertaken in conjunction with other programs in the area.

Ventnor expects assay results to be available in the June quarter, following logging and cutting of core.

The holes will also be cased with PVC to allow for a downhole electromagnetic survey to be undertaken.


Background

Ventnor is focused on three projects in Western Australia:

- Biranup Project;
- Warrawanda nickel project; and
- Thaduna / Green Dragon Project (Sandfire earning 100%).

Ventnor was granted its flagship Biranup Project in 2016, which is prospective for gold and base metals.

Recent exploration at Biranup has focused on the Fire Dragon and Silver Dragon prospects.

Fire Dragon is a priority exploration target identified in a large airborne electromagnetic survey.

Silver Dragon is a copper-nickel target generated from magnetic data and geochemical assays.

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