RC Drilling Commenced at Deep South Prospect
Perth, Feb 6, 2024 AEST (ABN Newswire) - Venus Metals Corporation Limited (ASX:VMC) is pleased to announce the commencement of maiden RC Drilling campaign on Monday 5 February 2024 at its Youanmi Deep South Lithium Prospect. The Deep South mineralization is a significant new lithium find situated in a poorly outcropping and under-explored area directly east from the crustal-scale Youanmi Fault Zone, in a newly defined southern extension of the Youanmi Greenstone Belt (please refer additional information in Company Presentation from ASX release 1 February 2024 and other ASX releases 30 January 2024, 18 September 2023 and 24 August 2023).
Venus Metals Corporation Managing Director Matthew Hogan commented:
"We are delighted to commence the maiden RC drilling campaign at the highly prospective Youanmi Lithium Project. The Deep South Lithium Prospect represents a highly compelling initial target with this programme seeking to investigate the source of pegmatites observed at surface bearing high lithium grades of up to 4.6% Li2O.
With an anomalous geochemical footprint stretching an area of 1.75 x 1.1km, this programme will aim to test our exploration theory that the known outcropping pegmatites may be indicative of a much larger geological feature currently obscured by shallow alluvial cover. We look forward to updating the market as results come to hand."
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.