Giant Pegmatite Identified Poona East Project
Perth, Oct 11, 2017 AEST (ABN Newswire) - Preliminary Work by Venus (
ASX:VMC) in 2016 discovered a hand specimen of tantalite within a previously un-prospected drainage system ten kilometers north of Coodardy Station within recently granted Poona East tenement E20/896 (granted on 9 October 2017).
- Follow up mapping has identified a giant outcropping pegmatite body as a likely source for the tantalite.
- This pegmatite, now known as the Jackson's Reward Pegmatite, consists of a large main zone over 1.3 km long and 300 meters wide with numerous smaller pegmatite dykes and pods flanking the main pegmatite body (see Figure 1 in the link below).
- Small beryllium workings have been identified within the central portion of the pegmatite which occurs largely as rubbly subcrop.
- The Jacksons Reward pegmatite intrudes along a splay off the major north east -south west regional fault zone known as the Big Bell shear which hosts the Big Bell five million ounce gold deposit 20km to the south.
- The discovery of this giant mineralized pegmatite 20km from the proven lithium - tantalum mineralized pegmatites at Poona (refer ASX releases dated 6th October 2016 and 23rd November 2016) defines the 97 km2 area of Venus tenements as a new exploration province for these metals.
- Immediate follow-up work at Jackson's Reward and the Poona East area is now scheduled.
To view figures, please visit:
http://abnnewswire.net/lnk/KMK42KMO
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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