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Venturex Resources Ltd

Venturex Resources shares rise on high-grade zinc, lead hits at Whim Creek

Venturex Resources Ltd’s (ASX:VXR) share price has increased after receiving high-grade results of 43.9% zinc plus 19.5% lead from drilling at its Whim Creek Project in Western Australia.

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Venturex Resources Ltd shares rise on high-grade zinc, lead hits at Whim Creek

The company’s shares were last trading at $0.012, up 33% intraday.

Venturex’s 6-hole program targeted extensions of the Salt Creek zinc-lead deposit within the Whim Creek Project.

Exceptional zinc, lead and silver grades were returned from zones of massive sphalerite and galena sulphide mineralisation intersected in two of the holes.

The results include:
- 1.64 metres at 43.9% zinc, 19.5% lead, 551 g/t silver, 0.8 g/t gold from 150.3 metres; and
- 1.93 metres at 23.6% zinc, 13.3% lead, 802 g/t silver, 1.14 g/t gold from 78.4metres.

The results demonstrate the outstanding grade and tenor of the mineralisation in the upper part of the Eastern Lode at Salt Creek.

Assays are awaited for the remaining three holes and drilling is planned to resume in November targeting potential depth extensions of the Salt Creek deposit.

The Whim Creek Project includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn zinc-lead-copper deposits.

The total JORC resources within the Whim Creek Project currently stand at 7.2 million tonnes at 2.3% zinc and 1.3% copper.

John Nitschke, managing director, commented: “Hole VSCD003 has extended the massive sulphide mineralisation to within 65 metres of the surface, while VSCD001 has filled in an important gap in the historical drilling.”

“The next step for us is to evaluate the opportunities to expand the deposit at depth – which is where, from our recent work, we believe the real potential lies.”

Quick facts: Venturex Resources Ltd

Price: $0.19

Market: ASX
Market Cap: $51.77 m
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