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Ventnor Resources Ltd.
Summary
| Project: | Muchea | |
|---|---|---|
| Deposit: | Muchea | |
| Location: | Australia | |
| Commodities: | Silica | |
| Date: | 4/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Ventnor Resources Ltd. announces an Exploration/Drilling Update report for its Muchea deposit at the Muchea project. Drilling results incl. 21m @ 99.44% SiO2. Ventnor Resources Limited (Ventnor or Company) (ASX: VRX) is pleased to announce resul | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Reid (Independent) | |
| ABSTRACT: | Ventnor Resources Limited (Ventnor or Company) (ASX: VRX) is pleased to announce results from its preliminary due diligence drill program at the Muchea Silica Sand Project. As announced to ASX on 26 March 2018, the Company has, subject to shareholder and regulatory approvals, secured from Australian Silica Pty Ltd (AS) an option to acquire tenement E70/4886 (Tenement), which forms the Muchea Silica Sand Project located 50km north of Perth, Western Australia. As part of its initial due diligence investigations into the project prior to grant of the option, Ventnor conducted an aircore (AC) and hand auger drilling program within the Tenement area to confirm the potential of the project as indicated by previous work undertaken by AS. Ventnor’s drilling included an AC drilling program of 46 holes for 522 metres and 43 hand auger holes for 249 metres with an average intercept grade of 99.5% SiO2. A full analysis of all the quality control data has now been assessed. This analysis validates the drill assay dataset and conforms to the guidelines for reporting under the JORC-2012 code. | |
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