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Venturex Resources Ltd.
Summary
| Project: | Sulphur Springs | |
|---|---|---|
| Deposit: | Sulphur Springs | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 10/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2017: Venturex Resources Ltd. announces an Exploration/Drilling Update report for its Sulphur Springs deposit at the Sulphur Springs project. Drilling results incl. 38.2m @ 3.49% Cu from 97.8m. Venturex Resources (ASX: VXR) is pleased to announce tha | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stefan Gawlinski (Not stated) | |
| ABSTRACT: | Venturex Resources (ASX: VXR) is pleased to announce that the first diamond drill hole in its ongoing drilling programme at the 100%-owned Sulphur Springs Copper-Zinc Project, 144km south of Port Hedland in WA, has returned a spectacular thick intercept of high-grade copper mineralisation. Since the completion of SSD089, a further two holes have been completed (SSD090 and SSD091) and the fourth hole in the programme is currently in progress. The current drill programme is designed to test mineralisation amenable to open pit mining up-dip from the known VMS mineralisation and to provide samples for metallurgical test-work. Details of the drill holes are contained in Table 1 and further technical descriptions are provided below. Diamond core of PQ size was then drilled to 120m and then reduced to HQ3 until the end-of-hole at 153.7m. A total of 40m of massive sulphides (from 98 to 138m) was intersected with visible chalcopyrite evident within the majority of the pyrite host. Copper assays returned from this interval are 38.2m at 3.49% copper from 97.8m to 136.0m and this includes a copper-rich sequence from 111m to 125m giving a down-hole intercept of 14m @ 5.98% Cu. The highest copper value of 9.31% Cu was from 120m to 121m. The RC pre-collar and the start of the PQ core intersected gold mineralisation of 8.6m @ 1.9g/t Au and 186g/t Ag hosted by a gossanous sedimentary unit from 69m to 77.6m (see Figure 1 below). | |
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