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Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Sulphur Springs | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 6/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2019: Venturex Resources Ltd. announces an Exploration/Drilling Update report for its Sulphur Springs deposit at the Sulphur Springs project. Drilling results incl. 31m @ 3.24% Cu, 0.01% Pb, 0.13% Zn, 0.04g/t Au, 1.69g/t Ag from 94m. Venturex Resourc | |
| 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: | Venturex Resources (ASX: VXR) is pleased to advise that the first reverse circulation (RC) drill hole completed as part of a recent drilling programme designed to extend the Indicated Resources at its 100%-owned Sulphur Springs CopperZinc Project, 144km south of Port Hedland in WA, has returned an outstanding thick intercept of high-grade copper mineralisation. These outstanding results represent an exceptional start to the programme and have exceeded the Company’s expectations. The results from SSR007 provide further evidence to support the Company’s view that the high-grade copper mineralisation extends further to the east. SSR007 was drilled through the siliceous hanging wall sequence to a down-hole depth of 45m. Below this, a significant intercept totalling 80m of massive and semi-massive sulphides (from 45 to 125m down-hole) was intersected with visible chalcopyrite evident within the pyrite host. Due to the challenging topography and restricted nature of access, the drillhole was designed on a non-conventional angle and was terminated at the planned end-of-hole depth within semimassive sulphides. The hole was part of a drill programme designed to test a section of the Inferred Resource located immediately east of the highly successful 2017 drilling programme (see ASX release 18 January 2018). Hole SSR008 (assays pending) was also designed to further test and extend the high-grade copper mineralisation in the upper parts of the orebody. The results from SSR007 and SSR008 will be used to increase the level of geological confidence in the Sulphur Springs Resource, while also extending the Indicated Mineralisation approximately 60 metres to the east of the Indicated Resource envelope delineated by the 2017 drilling programme (see ASX release 21 March 2018). | |
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