viewVenturex Resources Ltd

Venturex to begin drilling Sulphur Springs Copper-Zinc Project tomorrow

The drilling will follow-up on strong results generated from 2019 drilling at Breakers prospect and will test Heli-borne Electromagnetic (HEM) target XA8.

Nickel - Venturex to begin drilling Sulphur Springs Copper-Zinc Project tomorrow
Venturex has two advanced copper-zinc projects near Port Hedland in the Pilbara region

Venturex Resources Ltd (ASX:VXR) plans to start drilling this week at its 100%-owned Sulphur Springs Copper-Zinc Project in Western Australia.

The contractor is on-site preparing for the drilling, which is expected to start tomorrow, after an unavoidable delay to exploration activities.

Drilling is designed to follow-up on strong results generated from 2019 drilling at the advanced Breakers prospect as well as to test the Heli-borne Electromagnetic (HEM) target XA8, where previous drilling intersected anomalous nickel-chromium mineralisation.

According to the company, XA8 is the first high-potential target within proximity to existing resources.

Drilling program

Venturex plans to start drilling at XA8 with two holes to test the down-plunge and along-strike continuation of a DHEM target and to further explore associated nickel-chromium mineralisation previously intersected.

The strongly anomalous nickel-chromium/cobalt mineral assemblage is hosted within a favourable mafic/ultramafic intrusive unit that is interpreted to be highly prospective to host nickel-sulphide style mineralisation.

Breakers prospect

This will be followed at Breakers with four holes designed to follow-up along-strike and down-plunge continuation of massive sulphide mineralisation intersected at Breakers Main Gossan, including a thick, high-grade intersection of 18 metres at 7.75 zinc.

The company also plans to drill an additional two -holes at the prospect to follow-up zinc-rich mineralisation intersected at the Breakers North target, around 1.1 kilometres NNE of the Breakers main anomaly.

Sulphur Springs resource

Sulphur Springs project is southeast of Port Hedland and includes the Sulphur Springs and Kangaroo Caves resources, together with tenements covering around 27 kilometres of the Panorama trend that contains numerous advanced VMS-style exploration targets.

The project hosts a total indicated and inferred resource of 17.4 million tonnes grading 1.3% copper, 4.2% zinc and 17 g/t silver.

Quick facts: Venturex Resources Ltd

Price: 0.1625 AUD

Market: ASX
Market Cap: $62.35 m

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