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Venus Metals Corporation Ltd

Venus Metals and partner Rox Resources restart drilling at Youanmi Gold Project

The drilling program will explore extensions of the high-grade gold mineralisation that was intersected in previous drilling.

Venus Metals Corporation Ltd - Venus Metals and partner Rox Resources restart drilling at Youanmi Gold Project
Following the RC drilling program, a trial IP survey is planned

Venus Metals Corporation Ltd (ASX:VMC) and joint venture partner Rox Resources Ltd (ASX:RXL) have recommenced reverse circulation (RC) drilling at the Youanmi Gold Project in Western Australia.

At the Currans North Prospect, RC drilling will follow up on new bonanza gold grades at depth associated with accessory galena and other sulphides, indicating further potential similarities with the Penny North discovery by Spectrum Metals Ltd (ASX:SPX).

Location of planned RC holes at the Currans Find North Prospect

The drilling program will explore the down-plunge and along-strike extensions of the high-grade gold mineralisation that was intersected in previous drilling.

Following the RC drilling program, a trial IP (induced polarisation) survey is planned over known sulphides associated with high-grade gold mineralisation at Currans North; it is to be followed by 3D surveying and geophysical modelling.

 

RC drilling will also test an electromagnetic anomaly along the Youanmi Shear Zone that was identified by a helicopter-borne electromagnetic survey conducted by Venus in 2018.

The electromagnetic anomaly is associated with gold anomalies in historical shallow drilling making this a high‐priority drill target for bedrock‐hosted gold mineralisation.

Quick facts: Venus Metals Corporation Ltd

Price: $0.19

Market: ASX
Market Cap: $22.06 m
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