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.