Venus Metals Corporation Limited (ASX:VMC) has been granted a new exploration licence (E09/2362) near Nardoo Hill in the Gascoyne Province of Western Australia.
The area is highly prospective for rare earth elements (REE) and tantalum-niobium (Ta-Nb) mineralisation associated with pegmatites.
Recently, Emetals Ltd (ASX:EMT) announced anomalous neodymium (Nb) in soil from the Cairn Hill prospect on its tenement E09/2114 with a maximum Nd2O3 concentration of 0.046%.
The Cairn Hill prospect is located only 1-kilometre northeast of the newly granted Venus tenement.
In the western part of E09/2362, historical stream sediment and soil results for heavy mineral concentrates (of the less than 177µm fraction) outline REE anomalies with maxima of 14% total REE in stream sediments, and 3.8% in soil samples.
The bedrock sources of these anomalies have not yet been identified and warrant further field studies and investigation.
Additionally, historical stream sediment sampling in the central part of the tenement shows several Cerium anomalies in stream sediments that may indicate pegmatite dykes with REE.
Location of historical total REE, Nd anomalies and Ce results in stream sediments
Venus has also recently lodged an application (ELA09/2421) of around 75 square kilometres of ground south of the new tenement.
Newly publicly available historical exploration data suggests that this ground that hosts pegmatite dykes could potentially be prospective for REE and Ta-Nb mineralisation.
Going forward, regional rock chip and stream sediment sampling is planned across the new tenement to verify and augment historical data sets and to identify potential REE and Ta-Nb targets for further investigation and in preparation for drilling.