Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Additional information
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

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 07:38Gulf Keystone raises £16m for 2010 Kurdistan campaign

Gulf Keystone has completed a fully subscribed placing that will provide the finance for work on the Shaikan and Sheikh Adi blocks in 2010.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
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.

Tuesday, January 19, 2010

Venture Minerals reveals latest drill results from Mt Lindsay Tin/Tungsten Deposit

company news image

Australian mineral exploration company Venture Minerals (ASX: VMS) has reported the latest drill results from the Company’s flagship Mt Lindsay Tin/Tungsten Deposit in North-West Tasmania.

Diamond core drilling has intersected up to a 70m wide zone of tin mineralization at the Reward Prospect, located only 3km from the Company’s Mt Lindsay Deposit.

The discovery is situated within the “Red Rock Member” which already hosts the world class Renison Bell Tin Mine only 12.5km to the south.

The success of the first hole combined with the high grade trench results at surface and the proximity to a world class tin deposit suggests there is significant potential for the Reward Prospect to host a substantial tin discovery.

Any future success at Reward would have a substantial economic impact on the Mt Lindsay Project as the prospect is located only 3km from the Company’s major tin/tungsten deposit.

Venture Minerals is targeting a minimum of 40mt of inferred iron resources at Mount Lindsay which it believes a scoping study would show the project should support a 10 year mining operation.

The Tin LME price is $US18,000 and more than two-and-a-half 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.

Additional drilling has already been planned to follow up on the success of RW001, with drill holes both down dip and along strike scheduled for completion over the coming weeks. With over 6km of the Red Rock Member located within Venture’s tenure the Company believes there is considerable scope for future exploration success.

Venture Minerals Managing Director Hamish Halliday said the aggressive drill program continued with five drill rigs targeting multiple tin and tungsten zones throughout the Mt Lindsay Project as the Company completes a 10,000m diamond core program over the coming months.

This announcement effectively lifts the trading halt that the Company requested on Monday 18 January 2010.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Venture Minerals articles


Other Venture Minerals news

More news ►

Investors interested in Venture Minerals recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.