Lithium Projects Update - Pilgangoora and Greenbushes
Perth, June 26, 2017 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) is pleased to provide an update on WA Lithium Projects at Pilgangoora and Greenbushes.
Pilbara Projects
- Recent interpretation of regional geophysical data (aeromagnetic & radiometric) over Pilgangoora East and Wodgina South has identified a number of potassic-rich, pegmatite target areas.
- A significant potassic-rich trend, identified from radiometric data covering Pilgangoora East (E45/4630), has an identical signature to the Lithium-Tantalum bearing pegmatites held by Pilbara Minerals and other explorers in the region (see Figure 1 in the link below).
- Several new target areas were delineated from analysis of the magnetic data at Wodgina South (E45/4627& P45/3004) (see Figure 2 in the link below).
- Lithium Australia NL (ASX:LIT) (under MoU) is planning to conduct a detailed mapping and surface sampling to refine the target locations at Pilgangoora East and Wodgina South tenements.
Greenbushes East Project
- A broad potassic rich area (>9 km2) has been identified from regional radiometric data, and is located southeast of Talison Lithium's world-class Greenbushes Lithium-Tantalum mine.
- A NW trending major fault is interpreted to be controlling Lithium- Tantalum mineralisation at the Greenbushes Li-Ta mine and extends into the potassium-rich target area in E70/4810 (see Figure 3 in the link below).
- VMC is planning to conduct reconnaissance geological mapping, followed by RAB drilling, in the coming weeks.
To view figures, please visit:
http://abnnewswire.net/lnk/Q812FQQR
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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