viewVenus Metals Corporation Ltd

Venus Metals Corporation hits 39 g/t gold in latest drilling, shares up

The latest RC drilling results from Currans Find North confirm along-strike continuation of the high-grade gold zone.

Venus Metals Corporation Ltd - Venus Metals Corporation hits 39 g/t gold in latest drilling
Stage four RC drilling is being planned to test the down-plunge extension

Venus Metals Corporation Ltd (ASX:VMC) has drilled more high-grade gold at its Currants Find North prospect within the Youanmi Gold Project in Western Australia.

The stage three drill program has confirmed the presence of two stacked lodes, the lower and upper lodes, and shows an increase in gold grade and width in the upper lode.

Highlights from the five-hole 602-metre program include 1-metre at 39.61 g/t gold from 94 metres in the lower lode and 1-metre at 13.32 g/t gold from 110 metres in the upper lode.

Venus explores Currans Find under a joint venture with its partner Rox Resources Ltd (ASX:RXL).

The company's securities are up 3.5 cents, or more than 18%, to 22.5 cents.

Next stage of drilling being planned

Stage 4 RC drilling is planned to test the down-plunge extension of the stacked high-grade gold lodes at the Currans North Prospect.

Drilling will also explore down-plunge and along-strike at the Red White and Blue Workings.

Other new targets will also be tested based on historical drill data within the mining lease, as well as any potential targets generated by the induced polarisation (IP) geophysical survey.

Results from Golden Victoria and HEM 11 target

Results from four reconnaissance RC holes at the Golden Victoria Prospect and one RC hole that targeted the HEM 11 conductor drilled during the stage two program have been received.

Results of up to 5.2 g/t Au in one meter from 47m depth confirm the presence of significant gold mineralisation in the regolith at the Golden Victoria Prospect and further RC drilling is planned.

Quick facts: Venus Metals Corporation Ltd

Price: 0.23 AUD

Market: ASX
Market Cap: $34.75 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...

In exchange for publishing services rendered by the Company on behalf of Venus Metals Corporation Ltd named herein, including the promotion by the Company of Venus Metals Corporation Ltd in any Content on the Site,...


archTIS makes transformative move in acquiring Nucleus Cyber

archTIS (ASX: AR9) CEO Daniel Lai joins Steve Darling from Proactive to share details of a transformative acquisition with the company entering a binding term sheet to acquire global information protection business Nucleus Cyber. Lai discusses why this is a key move for the company...

1 day, 10 hours ago

2 min read