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Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Sulphur Springs | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2018: Venturex Resources Ltd. announces a Resource Estimation report for its Sulphur Springs deposit at the Sulphur Springs project. Update mineral resource estimate at Sulphur Springs project. Venturex Resources Limited (ASX: VXR) (“Venturex” or “th | |
| Resources: | (Resource, I+I): 13.8Mt @ 1.5 % Cu, 3.8% Zn, 18ppm Ag | |
| CP/QP: | [Resources]: David Milton (Mil Min Pty Ltd.) | |
| ABSTRACT: | Venturex Resources Limited (ASX: VXR) (“Venturex” or “the Company”) is pleased to announce the updated Mineral Resource estimate for the Sulphur Springs copper-zinc deposit which forms part of its 100%-owned Sulphur Springs Project in WA. The in-fill drilling program completed at Sulphur Springs last year has been highly successful with the Company being able to achieve the following: Venturex’s Executive Director Anthony Reilly said: “The updated Mineral Resource estimate marks another key step in advancing the Sulphur Springs Project towards development. The in-fill drilling program completed last year has allowed us to achieve our objective of upgrading a significant portion of the Inferred Supergene Resource sitting above the main massive sulphide unit to the higher-confidence Indicated category. “We now have a very solid resource base at Sulphur Springs which underwrites the base case mining scenario outlined in the Value Engineering Study published in February last year.” “In addition, both the in-fill drilling programme and airborne HEM survey have identified the potential for extensions to the known resources at Sulphur Springs and we are currently planning the next stage of exploration to test these target areas in the upcoming field season Q2 CY18. I look forward to updating investors as information from these programmes comes to hand.” | |
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