Drilling Commenced at Poona Lithium Project
Perth, Oct 17, 2016 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) has commenced drilling over high-grade lithium targets at Poona Lithium Project.
POONA LITHIUM-TANTALUM PROJECT
- Drill testing of priority target areas has commenced at Poona (E 20/885),
- Target areas include Poona Trend and Poona East (refer Figure 1 in the link below) both of which have returned a significant number of high-grade lithium assays in surface samples,
- The Poona Trend is a lithium-rich trend approximately ten kilometres in length and hosts a number of known lithium occurrences, with surface sampling having returned high-grade lithium assays of up to 1.93% Li2O (refer ASX release 17 August 2016),
- Poona East was recently identified during regional reconnaissance, with surface sampling returning multiple high-grade lithium assays (up to 2.58% Li2O) (refer ASX release 6 October 2016), over more than 1,000 metres of strike,
- Reverse circulation drilling will test key stratigraphic targets including primary pegmatitic units as well as altered schistose stratigraphy,
- Results are expected in the coming weeks.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/VT333UP5
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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