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Venture Minerals begins phase two drilling at Golden Grove North testing priority zinc-copper-gold targets

Diamond core drilling will test priority zinc-copper-gold targets as delineated by the recently completed maiden drilling program and moving loop electromagnetic survey at the project.

Venture Minerals Ltd - Venture Minerals recommences drilling at Golden Grove North testing priority Zinc-Copper-Gold targets
Diamond drill rig commencing the first diamond core hole at Golden Grove North.

Venture Minerals Limited (ASX:VMS) (OTCMKTS:VTMLF) has started the second phase of exploration drilling at the Golden Grove North Project in Western Australia with diamond core drilling underway.

The drill program will test priority zinc-copper-gold targets and follow-up results from reconnaissance-style drilling at the Orcus prospect and maiden drill holes testing several newly identified strong EM conductors situated along the 5-kilometre-long VMS target zone.

A maiden drill program of three holes for 1,311 metres has also been completed at Kulin and this tested multiple gold targets beneath the broad mineralised trenches that returned intervals of up to 31 metres at 1.0 g/t gold and 20 metres at 0.6 g/t.

“Exciting drill intersections at Orcus”

Venture managing director Andrew Radonjic said: “With the maiden drill program at Kulin completed and now waiting for assays, Venture’s exploration team will switch focus to following up some very exciting drill intersections at Orcus and several strong EM conductors within the Golden Grove North VMS target zone.

“The company’s Western Australian assets continue to deliver exciting exploration opportunities whilst the Riley Iron Ore Mine development team gets on with building the wet screening plant.”

Golden Grove North Project geological setting with historic rock chip surface sample results, Vulcan geochemical copper anomaly, Gossan Hill historic geochemical copper anomaly and Venture’s priority VMS targets.

Orcus drilling ongoing

Maiden drilling at Orcus prospect confirmed a Volcanic Massive Sulphide (VMS) System with assays of up to 7.6% zinc, 1.3% copper, 2.2 g/t gold and 22 g/t silver, and with all three holes returning strong zones of VMS-style mineralisation.

The maiden drilling returned results of:

  • 5 metres at 1.3% zinc, 0.54% copper, 1.1 g/t gold and 7 g/t silver from 59 metres, including 1-metre at 6.1% zinc, 1.3% copper, 0.80 g/t gold and 22 g/t silver from 59 metres;
  • 2 metres at 4.4% zinc, 0.87% copper, 0.94 g/t gold and 17 g/t silver from 100 metres, including 1-metre at 7.6% zinc, 1.0% copper, 0.17 g/t gold and 20 g/t silver from 101 metres; and
  • 2 metres at 2.4% zinc, 0.34% copper, 1.0 g/t gold and 4 g/t silver from 152 metres, including 1-metre at 4.2% zinc, 0.47% copper, 1.6 g/t gold and 8 g/t silver from 152 metres.

Venture Minerals will also complete maiden drill holes at the strong EM conductors along the 5-kilometre-long VMS target zone akin to the Scuddles-Gossan Hill area at the Golden Grove Mine along strike to the south of the project.

Quick facts: Venture Minerals Ltd

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ASX:VMS
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Market Cap: $70.05 m
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