Drilling Commences at Highly Prospective Vidure Cu-Ni-PGE Targets
Perth, June 3, 2021 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) is pleased to announce the start of a Reverse Circulation (RC) drilling program at the Vidure and Vidure South prospects that form part of the Company's Youanmi Base Metals-PGE Project (90% VMC).
At Vidure South, the current RC drilling is targeting two well-defined high-priority Electromagnetic (EM) conductors that were identified from recent ground EM surveys (refer ASX release 23 April 2021) and that have been modelled by Southern Geoscience Consultants, Perth.
The highly conductive targets (7000 and 5000 Siemens) are prospective for massive sulphide mineralization potentially hosting Cu-Ni-PGE mineralization and have not been adequately tested in the past. Downhole EM surveys are planned to identify potential off-hole conductors at depth.
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About Venus Metals Corporation Limited
Venus Metals Corporation Limited (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.
The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.
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