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Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Sulphur Springs | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 10/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2017: Venturex Resources Ltd. announces an Exploration/Drilling Update report for its Sulphur Springs deposit at the Sulphur Springs project. Drilling results incl. 40.3m @ 3.35% Cu from 93.7m. Venturex Resources (ASX: VXR) is pleased to announce fu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stefan Gawlinski (Internal) | |
| ABSTRACT: | Venturex Resources (ASX: VXR) is pleased to announce further exceptional results from its ongoing drilling programme at the 100%-owned Sulphur Springs Copper-Zinc Project, located south of Port Hedland in WA. The current drill programme continues to test mineralisation amenable to open pit mining up-dip from the known VMS mineralisation and to provide samples for metallurgical test-work. The locations of the drill holes are shown in Figure 1. Details of the drill holes are contained in Table 1 and further technical descriptions are provided below. Drill hole SSD090: was drilled on the same section as SSD089 but angled at -81˚ to the south with an RC pre-collar through the hanging wall siliceous sequence. The drilling method was changed at 93.7m to permit coring with HQ3 to the end-of-hole at 135.7m. This drill hole intersected 40.3m of massive and semi-massive sulphide from 93.7m grading at 3.35% Cu with a dark steely grey sphalerite bearing interval of 2.4m @ 2.95% Zn and 5.22% Cu from 113.7m. The top of the mineralisation in this drill hole shows enrichment with secondary copper sulphides (predominantly sooty chalcocite) and grades 12.8m at 6.13% Cu from 93.7m (Figure 1). The hole terminated in a felsic volcanic sequence containing up to 20% banded and disseminated sulphide grading 9m @ 1.46% Cu from 125m to 134.7m (EoH); the grade and ore textures are consistent with a footwall copper bearing feeder system. This represents a further exploration opportunity to follow up at a later date. | |
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