IP Survey Commences to Test Extensions to High-Grade Zinc Mineralisation
Sydney, May 16, 2017 AEST (ABN Newswire) - Venus Metals Corporation Ltd (
ASX:VMC) are pleased to announce the Induced Polarisation (IP) Survey has commenced, identifying high-grade zinc mineralization across two highly prospective areas.
HIGHLIGHTS
- Induced Polarisation (IP) has proven to be an effective geophysical tool at Pincher Well in identifying high-grade Zinc mineralisation.
- IP surveys have commenced in two highly prospective areas:
A) Southern extensions of High-Grade Zinc intersected in recent RC drilling at Pincher, North Dome. Results include:
VPW40 10m @ 7.31% Zinc from 52 m
- including 6m @ 9.5% Zinc from 55 m
VPW60 7m @ 4.2% Zinc from 87 m
VPW62 10m @ 5.1% Zinc from 68 m
(refer ASX release 27 April 2017)
B) Surrounding historical drillhole PW017 (located on a substantially untested 900m x 400m long aeromagnetic high anomaly), which intersected High-Grade Zinc:
PW17 2.5 m @ 24.30% Zinc & 0.08% Copper from 87.5m
including 0.5m @ 45% Zinc from 89m[1]
- The IP survey includes a number of east-west survey lines (1.5-2km long @100-200m spacing) across the strike length of the two geophysical anomalies (Figure 1, see link below).
- Following the completion of IP survey, a close spaced ground magnetic survey is planned for the North Dome area, to be followed up with drilling.
- The Pincher Well Volcanogenic Massive Sulphide Trend covers more than 5 kilometres of strike and hosts a number of known zinc and copper prospects (Figure 2, see link below).
To view tables and figures, please visit:
http://abnnewswire.net/lnk/3Z33P0PP
Bibliography
1. Wamex Report A8209, January 1979, Final Report on Pincher Hill, Youanmi, Newmont Pty limited
2. WAMEX Report A4395, November 1973, Pincher Well - Youanmi Project, Non Statutory Report: Diamond Drilling Logs & Assays Sheets, Western Mining Corporation.
3. Higgins, M., Exploration Review Report, Youanmi Project, Goldcrest Resources Limited, August, 2004 (Unpublished).
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.
| ||
|
