ASX-listed explorer, Venus Metals, has successfully farmed out the Curara Well gold project in WA to AIC Mines but maintains a minority interest in the highly prospective joint venture ground that lies in the vicinity of existing successful gold and copper-gold mines.
Venus now holds a 20 per cent interest in Curara Well, about 170km north-east of Meekatharra, that is free carried through to a decision to mine.
The Curara Well JV tenement holdings are located immediately south of Superior Gold’s Plutonic gold mine and north-east of Sandfire Resources’ DeGrussa and Monty copper-gold mining operations.
Recent exploration by AIC has identified a significant, previously unrecognised DeGrussa-Monty-style multi-element surface geochemical anomaly at the Curara Well project.