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Venturex Resources Ltd

Venturex Resources Ltd’s drilling expands Whim Creek copper potential

Venturex Resources Ltd (ASX:VXR) has intersected a broad zone of stringer copper sulphides at the Salt Creek deposit, part of its Whim Creek Zinc-Copper Project in Western Australia.

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Venturex Resources Ltd’s drilling expands Whim Creek copper potential

The company’s shares were last trading at $0.009, up 12.5% intraday.

This three-hole program is designed to test the down-plunge extensions of the known high grade zinc and copper mineralisation at Salt Creek.

The targets being tested were identified from the processing of a historical geophysical dataset, combined with the development of an updated structural model.

Venturex intersected 45 metres of visual stringer copper sulphides from 455 metres down-hole.

The latest result continues the recent exploration success at Salt Creek and demonstrates that the prospectivity of the Salt Creek system potentially increases at depth.

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

The total JORC resource of the project currently stands at 7.2 million tonnes at 2.3% zinc and 1.3% copper.

A third drill-hole is currently underway targeting a down-plunge position of the western zinc lode.

If more mineralisation is confirmed in subsequent drilling, this could be a significant development for Salt Creek, opening up the potential to further increase the resource inventory.

Venturex is well funded with $4.4 million as at 30 September 2016.

Quick facts: Venturex Resources Ltd

Price: $0.19

Market: ASX
Market Cap: $51.77 m
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