Venus Metals has discovered highly anomalous nickel, copper, chromium, platinum and palladium in soils in its Barrabarra North project in Western Australia which is next door to Chalices’ acclaimed and similarly named Barrabarra project.
Assays from the soil sampling program returned anomalous grades of up to 63 parts per million nickel, 46 parts per million copper, 13 parts per billion platinum and palladium and a whopping 3,169 parts per million chromium in the project area.
In a hugely encouragingly sign for Venus, the geological mix of goodies looks like a facsimile of Chalice’s early exploration results.
Venus is working on the hypothesis that these platinum group elements, or “PGEs” and base metal anomalies may indicate mafic-ultramafic bedrock and the system is equivalent to the adjacent Chalice Barrabarra project.
Venus has hurriedly applied for two new exploration licences to increase its tenure in the area to cover a massive 1000 square kilometres and has systematic soil sampling and geophysical surveys planned on these tenements once granted.
Perth-based explorer Venus Metals Corporation has identified a platinum group elements and base metals anomaly during initial reconnaissance field studies at its Barrabarra North nickel-copper-PGE project in Western Australia’s West Yilgarn province.
Geochemical sampling at two high-priority targets within the project area found highly-anomalous concentrations in soil with values of 63 parts per million nickel, 46ppm copper, 13 parts per billion platinum and palladium, and 3,169ppm chromium.
The targets sit near to Chalice Mining's Barrabarra project and are based on the laterite geochemical database for the western Yilgarn Craton.
Reconnaissance soil sampling has identified what Venus Metals Corporation reports as “compelling” strong soil anomalies at its Bridgetown East nickel-copper-platinum group elements project in Western Australia.
The project area has been described by Venus as covering the northern part of the “Julimar lookalike” nickel-copper-PGE target, a reference to the headline-making Julimar discovery in March 2020.
Chalice Mining struck a massive sulphide zone with its first ever drill hole at the geographically large Julimar project located 70km from Perth.
Chalice now has a farm-in agreement with Venture Minerals on another project, Southwest, where it can earn a 70% interest by spending $3.7 million over four years.
Known high-grade mineralisation at the Link prospect has been extended by what gold exploration partners Rox Resources and 30%-holding joint venture partner Venus Metals describe as “exceptional drilling results”.
Link is part of the large historic Youanmi project in Western Australia being explored by the two companies.
The new intercepts were reported from 120m down plunge of the existing resource envelope.
Venus Metals and Rox Resources say they have identified what looks to be a new gold lode parallel to the old Youanmi mine at their joint ventured Youanmi gold project in WA. The JV partners’ continuing drilling campaign at Youanmi recently returned a pulse quickening 4-metre intersection going an impressive 45.5 grams per tonne gold from 341m including 1.33m grading an even more impressive 129.3 g/t gold from 341.75m.
According to the Perth-based joint venture partners, the high-grade intercept perforated a previously untested hanging wall zone at the Junction prospect and points to a potential new gold-bearing lode parallel to and adjacent to the historic mine near Mount Magnet in the state’s central Yilgarn Goldfield.
Venus and Rox say the blockbuster high-grade hit occurs at a newly defined position in the hanging wall to the Youanmi main lode structure in an area roughly halfway between the old Bunker pit and the old Youanmi main pit.
Follow up drilling is planned to further probe the new high-grade hanging wall shoot.
Other stand-out recent high-grade gold hits from infill and extensional drilling at Junction were 16m at an average grade of 4.22 g/t gold from 56m including 3m at 16.4 g/t from 66m and 3m at 15.17 g/t from 108m.
Venus Metals Corporation, together with joint venture partner Rox Resources, has identified a potential new parallel lode during drilling at the Youanmi gold mine in Western Australia.
The company intersected high-grade mineralisation in a newly-defined position in the hanging wall, in an area between the Bunker pit and the Youanmi main lode.
Drilling intersected 4 metres at 45.5 grams per tonne gold from 341m and is believed to have highlighted the “significant potential” for further discoveries of economic mineralisation in the area.