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Venus Metals Corporation Ltd.
Summary
| Project: | Bell Chambers | |
|---|---|---|
| Deposit: | Bell Chambers | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-6-2019: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Bell Chambers deposit at the Bell Chambers project. Drilling results incl. 64m @ 1.7g/t Au from 10m. Mr Matt Hogan, Managing Director of Venus Metals commente | |
| Resources: | (Resource, Inf.): 340Kt @ 1.5g/t Au for 17Koz Au contained | |
| CP/QP: | [Overall Report]: Barry Fehlberg (Internal) | |
| ABSTRACT: | Mr Matt Hogan, Managing Director of Venus Metals commented “The results show extensive and continuous gold intersections confirming both the previous geological interpretation as well as grade continuity down dip in the oxide‐transition and fresh rock zones. This is a very positive and robust result for the project”. The Bell Chambers Gold Project E57/984 is located approximately 23km southwest of Sandstone, adjacent to the Sandstone-Paynes Find main road (Figure 1). Venus holds a 90% interest and a prospector holds a 10% interest in the tenement (refer ASX release 1 August 2014). Bell Chambers has a high-grade production history. The recorded production from 1907 to 1942 (Mines Department production list of cancelled gold mining leases) is 3,979 tons for 2,682 oz Au at a recovered grade of 20.96 g/t Au. A summary plan view of the Bell Chambers Gold project (Figure 2) shows the extent of historical drilling, the two recent Venus RC drill holes BCRC106 and BCRC107 (Table-2), and the surface projection of the JORC 2012 inferred gold resource envelope. Holes BCRC 106 and BCRC 107 were drilled in the central portion of the southern zone to confirm the inferred gold resource envelope by drilling into the centre of the mineralized envelope; angled holes were used to avoid historical stopes. | |
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