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Ventnor Resources Ltd.
Summary
| Project: | Biranup | |
|---|---|---|
| Deposit: | Fire Dragon | |
| Location: | Australia | |
| Commodities: | Copper-Silver-Cobalt-Nickel-Molybdenum | |
| Date: | 4/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-4-2017: Ventnor Resources Ltd. announces an Exploration/Drilling Update report for its Fire Dragon deposit at the Biranup project. Drilling results incl. 0.69m @ 1.2ppm Ag, 230ppm Co, 845ppm Cu, 8.8ppm Mo, 317ppm Ni, 4.0% Mg. Ventnor Resources Ltd (Ven | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Reid (Not stated) | |
| ABSTRACT: | Ventnor Resources Ltd (Ventnor) (ASX: VRX) has confirmed an intersection with sulphides at its Fire Dragon prospect in the Biranup Project area, 370 kilometres north-east of Kalgoorlie in Western Australia, is hydrothermal in origin and confirms the prospectivity of the region. Managing Director Bruce Maluish said: “The drilling to date was targeted on an interpreted conductor plate following the surface and downhole geophysical surveys. While results to date have not encountered economic values, we are encouraged by results that have confirmed we are within a hydrothermal system which is highly prospective for base metals occurrences.” “Further drilling is warranted and planned for later this month,” Mr Maluish said. On the 17th January 2017, Ventnor announced the commencement of a diamond hole at Fire Dragon, located within the Biranup Project, 370km north east of Kalgoorlie. The results for the diamond hole, FDD001, at location Table 1 below, have been received and the interpretation is presented here. FDD001 was completed to 397m and intersected a number of sulphidic zones between 214 and 239m. This zone is coincident with the interpreted conductor from the recent ground and down hole electromagnetic surveys that have been completed. The sulphides intersected are typically pyrrhotite, are structurally controlled and associated with strong carbonate alteration, with up to 30% sulphides observed. Sampling was selected on geological boundaries with samples being submitted to Intertek Laboratory for multi-element analysis, (Table 2 below) showing the results for selected elements. | |
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