Venus Metals Corporation Limited has completed extensive exploration on its projects over the March quarter. At the Youanmi Gold Mine five separate pits occur over a two-kilometre strike length.
Venus Metals has lodged two interesting looking tenement applications on the south-western shore of Lake Ballard to be known as the Henderson gold-nickel project, located 50 kilometres northwest of Menzies in WA. The tenements fall within the Mt Ida greenstone belt, which is host to some significant projects including Mt Ida and Davyhurst, where gold’s renewed interest is breathing new life into those projects.
Venus Metals continues to zero in on the Penny South prospect at its Youanmi gold project. The company’s latest geophysical program has highlighted no less than five priority EM targets at the high-profile project which is located immediately along strike from Spectrum Metals’ famed Penny West gold deposit.
Venus Metals and its joint venture partner Rox Resources have produced some exceptional gold grades from the Grace prospect at the Youanmi project in Western Australia including a 7-metre drill hit grading 54.6 grams per tonne gold from just 8 metres downhole.
Venus Metals has completed a heliborne EM survey over its Bellchambers gold project east of Sandstone in WA. The company has zeroed in on ten new high priority targets that are sitting on the Western Ridge ‐ Mickey Well gold mineralised trend. It has identified 25 new targets in total at Bellchambers as a result of a recently completed “Xcite” airborne electromagnetic survey over about 12km of strike.
The Grace pospect is holding up as potentially a stand-alone discovery for JV partners, Rox Resources and Venus Metals, with assay results hot off the press of 8m going 37.25g/t, including a 4m zone grading 73.81g/t gold from 48m.