Venturex Resources Ltd

Venturex Resources Ltd to drill for zinc and copper at Whim Creek


Venturex Resources Ltd (ASX:VXR) will soon commence a major drill program at its Whim Creek Zinc‐Copper Project, located 115 kilometres south‐west of Port Hedland in Western Australia.

The drilling Whim Creek is expected to continue for the rest of the year with the objective of growing the existing resource of 131,300 tonnes of zinc and 87,700 tonnes of copper.

The Whim Creek Project includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits plus 18,500 hectares of tenements covering the highly prospective Whim Creek basin.

Zinc accounts for most of the metal endowment in the Whim Creek Project area which has extensive infrastructure and a long mining history.

The upcoming drilling program will test potential extensions of the known high‐grade zinc‐copper‐silver‐gold sulphide mineralisation at the Mons Cupri deposit.

Venturex will also look to identify new drilling targets at Salt Creek and potential repeats of mineralisation identified at Evelyn in the past.

The long‐predicted shortfall in the zinc market is growing in size and the price is reacting accordingly. Zinc prices have risen more than 50% since the beginning of 2016.

Adding interest, Venturex has received more than $1 million to date from Blackrock Metals as net profit interest (NPI) from copper oxide heap leach access and processing agreement at Whim Creek.

The company is currently carrying out a share placement and rights issue to raise up to $5 million at $0.006 per share.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Venturex Resources Ltd

Price: $0.19

Market: ASX
Market Cap: $53.17 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. 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...



Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

3 days, 2 hours ago

2 min read