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Venture Minerals Ltd.
Summary
| Project: | Thor | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Cobalt | |
| Date: | 2/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2019: Venture Minerals Ltd. announces an Exploration/Drilling Update report for its Thor deposit at the Thor project. Drilling results incl. 2.4m @ 0.8% Zn, 0.5% Cu, 435ppm Co from 271.45m. Venture Minerals Limited (ASX code: VMS) (“Venture” or the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Radonjic (Internal) | |
| ABSTRACT: | Venture Minerals Limited (ASX code: VMS) (“Venture” or the “Company”) is pleased to announce that the latest drilling has intersected further massive sulfides (Refer Figure One) with Copper and Zinc mineralisation at the Thor Prospect. Results from the last two drill holes (see Tables Two & Three) suggest that the Company is vectoring in towards higher grade zones within the Thor Volcanogenic Massive Sulfide (VMS) sequence. To date the Thor Project has seen only two single drill holes targeting two of the thirteen priority VMS drill targets (Refer announcement 13 November 2018) delineated around the initial discovery area (Refer Figures Two & Three). Further drilling will go towards unlocking the potential of Thor’s 20km VMS target zone, believed to host Golden Grove (Refer below) type mineralisation. In this second drill campaign at Thor, Venture’s second drill hole (TOR05) intersected massive sulfide zones of up to 2.4 metres (271.45m to 273.85m) and returned assays of up to 0.8% Zinc and 0.5% Copper and highly anomalous Cobalt of up to 435ppm (see Table Three for full set of assay results), which confirms the VMS style of the mineralisation. | |
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