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Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:VMS
News: Latest news
Web Site: Venture Minerals
Other Articles: 19-01-201009-12-200901-12-2009

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Venture Minerals

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.

Wednesday, December 09, 2009

Venture Minerals doubles high grade tin zone at Mt Lindsay Project

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Australian mineral exploration company Venture Minerals (ASX: VMS) has doubled the high grade tin zone at the company's flagship Mt Lindsay Tin-Tungsten Project following the latest round of drilling in Tasmania.

The company announced drilling has now confirmed the MacDonald Tin Zone is a major high grade tin discovery up to 200m in height and extending down plunge for at least 650m.

ML 142 intersects 10m @ 1.1% tin equivalent doubling the height of the MacDonald Tin Zone to over 200m, while ML 135 intersects 30m @ 0.64% tin equivalent extending the MacDonald Tin Zone to over 650m down plunge.

The latest drilling combined with previous high grade intersections, which included 18m @ 2.2% tin, have confirmed both the consistent nature of the mineralization within the MacDonald Zone and the potential scale of the discovery.

The MacDonald Tin Zone is hosted within the Main Skarn and is located only 150m from the Company’s recently announced major tungsten discovery, which is situated within the neighbouring No.2 Skarn.

The Tin LME price is $US15,000 and more than twice the price of copper, with the average grade of large hard rock deposits worldwide - 0.4% Sn.

China is the world’s largest producer and consumer of tin.

Five diamond core rigs are currently at site testing the multiple tin/tungsten targets and drilling is scheduled to continue well into next year.

 

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