For thousands of other reports visit RSC's Mineral Intellingence Map
Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Sulphur Springs | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 6/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-6-2019: Venturex Resources Ltd. announces an Exploration/Drilling Update report for its Sulphur Springs deposit at the Sulphur Springs project. Drilling results incl. 63m @ 1.89% Cu, 0.01% Pb, 1.95% Zn, 0.07g/t Au, 6.71g/t Ag from 45m. Australian base | |
| 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 further exceptional results from the recent drilling programme at its 100%-owned Sulphur Springs Copper-Zinc Project, 144km south of Port Hedland in WA. Drill hole SSR008, the second hole in the programme, has returned an outstanding intercept of high-grade copper mineralisation, along with an additional zone of high-grade zinc mineralisation. SSR008 was drilled through the weathered siliceous hanging wall sequence to a down-hole depth of 44m. Below this, a significant intercept totalling 47m of massive and semi-massive sulphides (from 44 to 91m down-hole) was intersected with visible chalcocite, chalcopyrite and sphalerite evident within the pyrite host. The hole terminated at 108m within a felsic volcanic sequence containing up to 30% disseminated sulphide. As with SSR007, due to the challenging topography and restricted nature of access the drill-hole was designed on a non-conventional angle. The grade and mineralogy intersected in both holes are consistent with proximal intercepts of a footwall copper feeder system to a volcanogenic massive sulphide. Limited drilling has been completed to the east of these drill-holes; this represents a further exploration opportunity for future drilling where additional high-grade zones similar that intersected in the current drilling are expected to continue. The outstanding copper and zinc mineralisation intersected within SSR008 and SSR007 (see ASX release 18 June 2019) have exceeded the Company’s expectations and highlight the quality and size of the Sulphur Springs system. The completed programme was designed to test a section of the Inferred Supergene Resource located immediately east of the highly successful 2017 drilling programme (see ASX release 18 January 2018). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report