Drilling Commences at Curara Well Project Doolgunna
Perth, Oct 26, 2016 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) is pleased to announce that drilling commences at Curara Well Project Doolgunna.
HIGHLIGHTS
CURARA WELL PROJECT:
- Drilling has commenced on the Curara Well Project at Doolgunna, located 10 km northeast of Sandfire Resources DeGrussa Copper Mine and 10km Southwest of Plutonic Gold Mine.
- RC drilling will test a number of highly prospective geophysical targets delineated through 3D modelling of the magnetic data and electromagnetic ('VTEM') surveying (see Figures 2 & 3 in the link below),
- This initial drill program will test THREE key targets (see Figure 2 in the link below):
1. P1 - 3D modelling of detailed magnetics shows a sizeable 'pipe-like' target extending to depth,
2. S1 - a northwest striking magnetic and EM anomaly more than 800 metres long,
3. S2 - located adjacent to the P1 target, this target also strikes to the northwest and is more than 1,800 metres long.
- The P1 'pipe-like' target lies below shallow cover and may be similar in nature to the nearby 'Red Bore' copper prospect or have kimberlitic affinities, with the potential to host diamondiferous lithologies,
- The S1 & 2 targets show a similar geophysical signature to nearby base and precious metal deposits at Peak Hill and Marymia, including the world-class Plutonic gold mine.
To view the release, please visit:
http://abnnewswire.net/lnk/UN52Z390
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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