A Major Project with a Key Difference at Youanmi
IMARC Presentation- Rich Vanadium Oxide
Perth, Oct 31, 2018 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) provides the Company's latest presentation.
RICH VANADIUM OXIDE
YOUANMI - THE PROJECT WITH A DIFFERENCE
1. The JORC 2012 inferred oxide resource is 110 million tonnes grading 0.3% V2O5 (Refer ASX release 6 February 2015)
2. Youanmi oxide ore different to all others - high vanadium, low iron, high clay
3. Oxide ore starts at surface
4. Rich vanadium oxide ore high graded by simple crushing - no grinding
5. V, Cu, Ni and Co can be successfully recovered by simple acid leaching
6. Venus has target* potential for over 1 billion additional tonnes of rich vanadium oxide along 25km of strike (Refer ASX release 6 February 2015)
*The potential quantity and grade of the Exploration Target is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource
SOUTHERN CROSS DEPOSIT
1. Inferred Oxide Resource occurs over a zone 3.5km long and up to 400m wide.
2. Magnetic highs correlate with a high grade vanadium core zone.
3. Vanadium supergene enrichment occurs within completely weathered saprolite.
4. Vanadium values extend into fresh rock.
WHY THE DEPOSIT IS DIFFERENT
1. Vanadium mineralization occurs within magnetite grains.
2. Balance of rock is coarse grained feldspar containing no vanadium.
3. Feldspar weathers completely to clay in the saprolite zone at Youanmi.
4. Creates large tonnages of rich vanadium oxide soft rock which can be easily mined and cheaply beneficiated.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/L31Q7TJ5
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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