Venus Metals believes the presence of mafic-ultramafic rocks discovered during recent exploration at its Youanmi base metals and lithium projects make the area prospective for gold and base metals mineralisation.

The rocks were found along an east-south-east trending structure that comes off the Youanmi shear zone close to Ramelius Resources’ Penny gold mine, about 550km north-east of Perth.

Recent regional aeromagnetic data compiled by CORE Geophysics identified several structural targets about 4km east of the Penny mine.

Air core drilling of 46 holes covering 1200m tested geochemical anomalies and structural targets that confirmed the presence of sheared mafic-ultramafic bedrock.

The company is planning air core and RC drilling to search for gold mineralisation similar to the Penny deposit.

Anomalous rare earth elements were detected in several holes including a maximum discovery of 3770 parts-per-million lanthanum-cerium-yttrium.

Venus says a further assaying for a full suite of rare earths is underway.

Full article by The West Australian

Venus Metals Corporation has hit returns of 5.8 and 3.6 per cent lithium dioxide from the latest round of exploration at its Henderson tenements near Menzies in WA.

Following the discovery of lithium-cesium-tantalum pegmatites at Henderson in February, assay results from 89 rock samples showed 29 had more than 100 parts-per-million lithium dioxide. The two highest results are from pegmatites at the Emerald SE prospect that has been identified as a priority area for drilling.

The prospect is along the Ballard fault and close to the Ida fault about 10km south of the company’s Snake Hill prospect.

A reverse-circulation drill rig has been contracted to test areas prospective for lithium in addition to gold targets identified from air core drilling last year.

Recent exploration has identified several outcropping pegmatite clusters over a strike length of about 20km along the Mt Ida/Ularring greenstone belt and close to the Ida fault.

Full article by The West Australian

Multi-commodity explorer Venus Metals has uncovered up to 5.8% lithium in rock chip samples taken from its Henderson project, close to Red Dirt Metals' Mt Ida project in Western Australia’s eastern goldfields.

After identifying lithium-caesium-tantalum pegmatites at Henderson earlier this year, Venus undertook a rock chip sampling program.

Assays have been received for 89 samples, with 29 of those returning grades exceeding 100 parts per million lithium.

Peak assays were 5.8% lithium and 3.6% lithium and come from the Emerald SE prospect, which has now been designated as a priority area for drilling.

To follow this up, Venus has contracted a reverse circulation rig, which will test areas prospective for lithium.

Full article by Small Caps

Venus Metals Corporation has kicked off a 2,500m reverse circulation drilling campaign at its Pincher Well zinc‐copper prospect within the Youanmi base metals project in Western Australia.

Exploration will target a historical strong induced polarisation (IP) anomaly located south of high‐grade mineralisation reported in 2017, which featured an assay of 10m at 7.31% zinc from 52m, including 6m at 9.5% zinc from 55m.

The anomaly sits in the southern part of the Pincher Dome volcanogenic massive sulphide (VMS) system, which was not adequately tested by Venus’ past vertical drilling efforts.

It covers more than 5km of strike and hosts a number of known zinc-copper prospects including a substantial body of zinc mineralisation at North Dome.
 

Full article by Small Caps

Venus Metals Corporation has lodged a patent application for the processing of vanadium oxide ore following a hydrometallurgical study conducted at its Youanmi project in Western Australia.

The company believes its unique open pit vanadium oxide resource at Youanmi in the state’s Midwest has the potential to be a significant supplier to the global vanadium market, particularly for the emerging renewable battery energy sector.

Venus today presented the results of a comprehensive study conducted by the Hydrometallurgy Research Group at Murdoch University to develop an integrated process flow sheet for the extraction of vanadium, iron and titanium.

Full article by Small Caps

New lithium targets have been noted across Venus Metals Corporation's Youanmi project in Western Australia’s mid west.

Venus has been carrying out geochemical surveys across the project, with a recent campaign collecting 490 soil samples over three tenements.

The program identified several lithium anomalies greater than 116 parts per million at the Manindi North licence.

These were pinpointed in areas of cover west of known pegmatites that were previously drilled in 2018 under a joint venture between Venus and Lepidico, which explored for lepidolite lithium minerals.

This drilling intersected 12m at 0.68% lithium, 2m at 1.58% lithium and 4m at 0.76% lithium.

Full article by Small Caps