ASX-listed explorer Venus Metals has launched into an air-core drilling campaign at its Henderson gold-nickel project in the Eastern Goldfields of Western Australia where it is targeting structurally controlled gold associated with two fault zones crossing the tenure. Several historical gold operations near Henderson are believed to be connected to the faults and there is a 322,000-ounce gold resource just 15km away.
Covering some 800 square kilometres, Henderson consists of five exploration licences along the southern part of the Ularring Greenstone Belt about 50km north-west of Menzies.
Venus’s phase-one drilling campaign will focus on a 90 per cent owned concession crossed by the Ida Fault and the Ballard Fault at the southern end of the tenure.
Management believes the two significant fault zones may have been integral to the formation of structurally controlled gold deposits in the region.