A$ 0.380:10AM AEST Delayed by 20 mins.Company Profile

Overview

Venus Metals Corporation currently has two inferred JORC resources;

The longer term exploration strategy at Venus is focused on the discovery of world-class/giant ore deposits within 100% owned tenements targeting concealed regions of Lower Proterozoic  orogenic belts which host the majority of Australia’s giant ore bodies including Argyle (diamonds), Telfer (gold), Olympic Dam (iron oxide copper gold), Broken Hill (base metals) and Mt Isa (base metals, IOCG). The company has 5 super projects being Argyle North, Telfer North, Gawler Carton West, Murchison Base Metals and Copper Hills.

Venus currently has 22 granted Exploration Licences and 11 Prospecting Licences in Western Australia. It has 41 pending Exploration Licence applications and 48 Prospecting Licence applications. Drilling of IOCG targets at Telfer North super project and a bulk sampling programme at Argyle Smoke Creek Alluvial Diamond project are to commence in July 2011.