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Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Currans Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2019: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Currans Find deposit at the Youanmi project. Re-sampling results incl. 3m @ 27.5g/t Au from 39m. Venus Metals Corporation Limited (VMC) in conjunction with Ro | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Barry Fehlberg (Internal) | |
| ABSTRACT: | Venus Metals Corporation Limited (VMC) in conjunction with Rox Resources Ltd (RXL) has reported the discovery of significant high-grade gold intersections from its recent RC drilling program at the Currans Find Joint Venture gold project*, part of the Youanmi Gold Project, Western Australia (Figures 1 and 2) (See ASX release 13th June 2019). The two intersections in holes CFRC16 and CFRC14 included results from four-metre composite samples that have now been re-sampled as one-metre samples. This re-sampling has revealed bonanza gold grades in both holes (Figure 3 and Table 1). The initial four-metre composite samples were taken by combining small sub-samples from each one-metre interval (for details, see JORC Table 1, ASX release dated 13th June 2019). This was done for all drill intervals without significant amounts of vein quartz, historically the main host of gold mineralization at Currans Find. Following the high-grade gold results for two of the four-metre composite samples, the individual one-metre samples have now been analyzed separately. Significantly, the one-meter assays have increased the gold contents as measured in gram-meters. | |
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