Joint venture partners Rox Resources and Venus Metals Corporation continue to drill test extensions of their Youanmi gold project in Western Australia with an updated mineral resource estimate expected this month.
This latest phase involves more than 2,000m of diamond core drilling to test depth extensions to high-grade ore shoots down plunge at Junction and Link.
Step-out drilling will also test Rox’s exploration model with the aim of identifying recurring northwest-plunging ore shoots within southwest-plunging mineralised envelopes.
Venus Metals has jumped into drilling at its Vidure South prospect in Western Australia, as it targets a pair of electromagnetic, or “EM” anomalies south-west of the Youanmi gold mine. The company’s potential nickel-PGE targets were identified on the back of historical drill results and a recent high-powered, ground electromagnetic survey.
The three-square kilometre EM survey lit up a total of five conductors across the Vidure prospect area, with the two targets being drilled looking the goods and showing a geophysical signature the company says is typical of a covered sulphide body.
Venus Metals has unearthed five new electromagnetic targets following its recent high-powered geophysical survey as the company steps up its nickel-PGE hunt in the mineral rich Youanmi terrane. The anomalies were spotted at Venus’ new Vidure South prospect where historical drilling has returned tantalising grades of nickel and platinum group elements with the company yet to tap into the deeper source of this elusive sulphide mineralisation.
Venus Metals (VMC) has received results from its stage two drilling program at the Sandstone Gold Project in Western Australia.
In mid-February, the company began reverse circulation (RC) drilling at the Range View Prospect to test the extent of the high-grade gold mineralisation.
Phase one work returned a best intercept of 11 metres at 4.69g/t gold including one metre at 38.92g/t gold.
ASX-listed gold explorer, Venus Metals has racked up encouraging near-surface gold hits from a second round of RC drilling at the Range View prospect nearby the Bellchambers deposit as part of its Sandstone gold project in WA. Better assay results from the latest drilling were six metres grading an average 2.06 grams per tonne gold from 20m including 1m at 6.14 g/t from 24m, 5m going 2.76 g/t from 45m including 1m at 6.23 g/t from 47m, and 9m at 2.3 g/t from 15m.
The Perth-based company recently completed the “stage two” 11-hole RC drill program to follow up on high-grade gold mineralisation intersected beneath historical shallow drilling at Range View during its reconnaissance RC drilling late last year.
Stand-out intercepts from the round-one drilling comprising seven holes at Range View were a cracking 11m at 4.69 g/t from 12m including 5m at 9.03 g/t from 18m that in turn contained a higher-grade core of 1m at 38.92 g/t from 20m, and 8m at 1.22 g/t from 30m including 1m at 4.48 g/t from 30m.
Venus says the prospect remains open at depth and warrants further RC drilling to test the extent of the gold mineralisation there.
More gold has been intercepted at the Sandstone project by Venus Metals, with mineralisation remaining open at depth.
In a separate announcement this morning, the company also noted that drilling had begun at the Curara Well copper-gold joint venture in which it retains a 20% free carried interest after the farm-out to AIC Mines.
At Sandstone, the stage two drilling program was designed to test the extent of high-grade gold mineralisation previously hit at the Range View prospect, in which Venus has a 90% interest.
Results from this stage two drilling included hole 134 which returned 9m at 2.3 grams per tonne gold from 15m.
Another hole uncovered 6m at 2.06g/t gold from 20m down hole, including 1m at 6.14g/t gold.
A third assay reported 5m at 2.76g/t gold, including 1m at 6.23g/t gold.