RC Drilling Commenced Youanmi Vanadium Oxide Project
Perth, Nov 8, 2018 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) (EZL:FRA) is pleased to announce the commencement of a 6000m reverse circulation (RC) drilling programme at the Youanmi Vanadium Oxide Project, Western Australia (Figure 1 in link below). The RC drilling programme is expected to be completed at the end of November.
- The drilling is designed to convert part of the JORC 2012 inferred mineral resource of 110.6 million tonnes @ 0.30% V2O5 into a large measured oxide resource from surface to 45m depth.
- Once a measured resource is achieved it will support the Scoping Study that is currently in progress.
- The majority of the drilling will be carried out on a 40 by 80m spacing over a strike length of 2km.
- RC drill program will also deliver a 100 tonne bulk sample for advanced metallurgical test work.
To view figures, please visit:
http://abnnewswire.net/lnk/0XD6929C
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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