Pincher Well Zinc RC Drilling Commences on Strong Anomalies
Perth, Aug 14, 2017 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) announces that Pincher Well Zinc-Copper Prospect phase 2 RC drilling commences on strong IP anomalies to the south of high grade zinc mineralisation.
HIGHLIGHTS
- Phase 2 RC Drilling has commenced along two southern survey lines to test the recently discovered high chargeability IP anomalies at the Pincher Well Zinc-Copper Prospect (E57/1019) 600km north-northeast of Perth and 15km southwest of Youanmi Gold Mine in Western Australia.
- The recent IP surveying has confirmed the shallow 'up-dip' southern extensions of the North Dome high-grade zinc mineralisation (ASX release 27 April 2017).
- The chargeability recorded along line 6821500N is stronger than the previous IP survey results and the anomaly extends 400m to the south (see Figure 1 in the link below). The modelled anomaly remains OPEN and UNTESTED further to the south, potentially extending the target envelope of 1km strike and 250m width (ASX release 29 May 2017).
To view figures, please visit:
http://abnnewswire.net/lnk/D63IWYD6
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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