viewVenus Metals Corporation Ltd

Venus Metals Corporation readies airborne survey for gold targets

The survey will be flown by helicopter and is searching for gold targets nearby to the Bellchambers gold deposit.

Venus Metals Corporation Ltd - Venus Metals Corporation readies airborne survey for gold targets
Venus is evaluating a low-capex starter gold mining operation at Bellchambers

Venus Metals Corporation Ltd (ASX:VMC) expects to soon commence an Xcite Heli-borne electromagnetic survey (HEM) at the Bellchambers Gold Project in Western Australia.

The HEM survey is aimed at delineating potential conductor targets for follow-up exploration along the Western Ridge Gold Trend.

Any discovered conductor targets may be associated with gold mineralisation similar to that encountered at the 17,000-ounce Bellchambers gold deposit which has a grade of 1.5 g/t.

Fast-tracking gold mining at Bellchambers

The JORC compliant resource was calculated at Bellchambers as part of the process to fast-track potential gold mining at the deposit.

Initial negotiations have commenced with Adaman Resources regarding possible mining and treatment of oxide gold mineralization from the Bellchambers Gold deposit.

Adaman Resources is an unlisted company that operates the Kirkalocka gold processing plant.

Drill samples have been provided to Adaman Resources for metallurgical testing.

Application to expand project

Venus has also applied for a new exploration licence (ELA 57/1152) directly west of the project, which covers 20 kilometres of strike along the northern extension of the prospective Youanmi Shear Zone.

Quick facts: Venus Metals Corporation Ltd

Price: 0.17 AUD

Market: ASX
Market Cap: $25.68 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,...



Havilah Resources' Chris Giles recaps on encouraging drill results and REE...

Havilah Resources Ltd's (ASX:HAV) Chris Giles speaks to Proactive's Andrew Scott following the release of its quarterly activities report. He says the clear highlight for them in the period was the aircore drilling results from West Kalkaroo which included 20 metres of 6.3 g/t gold in the...

17 hours, 9 minutes ago

2 min read