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Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Breakers | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 7/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2019: Venturex Resources Ltd. announces an Exploration/Drilling Update report for its Breakers deposit at the Sulphur Springs project. Drilling results incl. 18m @ 0.25% Cu, 2.03% Pb, 7.75% Zn, 0.07g/t Au, 22.80g/t Ag from 155m. Australian base metal | |
| Resources: | (Resource, Total): 13.8Mt @ 1.5% Cu, 3.8% Zn, 0.2% Pb, 17g/t Ag at Sulphur Springs | |
| CP/QP: | [Overall Report]: Luke Gibson (Internal) | |
| ABSTRACT: | Australian base metal developer Venturex Resources Ltd (“Venturex” or “the Company”) (ASX: VXR) is pleased to announce that recent Reverse Circulation (RC) exploration drilling at its 100%-owned Sulphur Springs Copper-Zinc Project, located 144km south of Port Hedland in WA, has intersected significant intervals of high-grade zinc-lead-silver mineralisation at the Breakers Prospect. Breakers is one of several identified exploration prospects within the Panorama VMS Trend, a highly prospective 27km long VMS horizon which hosts the Company’s flagship Sulphur Springs Deposit (Indicated and Inferred Resources of 13.8Mt @ 1.5% Cu and 3.8% Zn; see table 2 for details). The Breakers Prospect is located 15km south of Sulphur Springs. VMS deposits typically occur in clusters which can often comprise multiple lenses of sulphide mineralisation. To date, only two VMS deposits have been identified along the Panorama Trend, at Sulphur Springs and Kangaroo Caves, with the entire strike length of VMS horizon remaining highly prospective for new discoveries. The Breakers drilling program, comprising eight RC holes totalling 2,452m, is the first significant drill program to be undertaken at the prospect in over 10 years. The program was designed to systematically test geochemical and geophysical anomalism identified proximal to the ‘Marker Chert’ horizon and to test below historical drill intercepts reported by Sipa Resources in the early 1990s. Assay results received to date from four of the eight holes have identified broad zones of zinc mineralisation, including outstanding intercept of high-grade zinc-silver-lead mineralisation in drill-hole BKR005. | |
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