Venture Minerals
Venture Minerals was listed on the ASX on 25 September 2006 after successfully raising $5 million. The primary objective for Venture Minerals is to discover and develop world class energy and/or mineral deposits. The current focus for the company is realising the full economic potential of the Mount Lindsay Magnetitie-Tin Project in Tasmania.
Venture Minerals starts diamond drilling at Mt Lindsay tin-tungsten-iron deposit
Exploration group Venture Minerals Ltd (ASX: VMS) said it has begun a 10,000 metre diamond drilling program at its flagship Mt Lindsay tin-tungsten-iron deposit in Tasmania.
A recently completed scoping study estimates the project to deliver more than A$700 million in net cash over a 7 year mine life. The drilling program aims at increasing the already substantial poly-metallic resource at Mt Lindsay, which currently includes Australia's third largest, JORC compliant, tin resource.
Drilling will focus on defining and extending the high-grade Main and No2 zones as well as drill testing priority targets such as the No1 zone and the Waterhouse prospect.
Other Venture Minerals articles
Other Venture Minerals news
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09/03/10 Venture Minerals sees high grade tungsten potential at Mt Lindsay
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19/01/10 Venture Minerals reveals latest drill results from Mt Lindsay Tin/Tungsten Deposit
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09/12/09 Venture Minerals doubles high grade tin zone at Mt Lindsay Project
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01/12/09 Venture Minerals reveals latest regional exploration results from Mt Lindsay Project
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30/06/09 Venture Minerals receives positive scoping study for tin/tungsten/magnetite at Mt Lindsay
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01/04/09 New MD for Venture Minerals to push development at Mt Lindsay, Tasmania
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