Doolgunna Curara Well Diamond Driling Commences
Perth, June 9, 2017 AEST (ABN Newswire) - The Directors of Venus Metals Corporation Limited (
ASX:VMC) ("Venus") are pleased to announce that the diamond core drilling has commenced at the Curara Well Gold-Diamond-Base Metals Project. The project is located 10 km northeast of Sandfire Resources (ASX:SFR) DeGrussa Copper Mine and 10 km southwest of Plutonic Gold Mine in the Doolgunna Region.
This extensional drilling program is co-funded through the WA Governments Exploration Incentive Scheme.
Summary
- Initially five RC holes (CWRC001-005) were drilled to test three separate prospective targets delineated through 3D modelling of geophysical data.
- Wide intercepts of ultramafic stratigraphy, carrying disseminated nickel sulphides, were recorded in three drill holes in two different targets locations (S1 and S2), indicating the potential of the project area to host substantial mineralised systems (refer ASX release 23 January 2017).
- An ore petrography study identified Millerite (Nickel Sulphide), with accessory Pentlandite, Pyrrhotite and traces of Chalcopyrite, in RC chip samples from two drillholes (CWRC003 and CWRC005) located 3,000 metres apart on the 'S2' target (see Figure 1 in the link below).
- Three RC drill holes (CWRC001, CWRC003 and CWRC005) are being extended utilising diamond drilling to further test identified the sulphide mineralisation.
- The DMP co-funding grant is contributing towards the costs the diamond drilling program.
To view figures, please visit:
http://abnnewswire.net/lnk/897IWCAF
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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