For thousands of other reports visit RSC's Mineral Intellingence Map

Venus Metals Corporation Ltd.

opaxe

Summary

Project:

Youanmi Vanadium

Deposit:Kangaroo Kaves
Location:Australia
Commodities:Vanadium-Titanium-Iron-Aluminium-Silica
Date:3/22/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-3-2019: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Kangaroo Kaves deposit at the Youanmi Vanadium project. Kangaroo Kaves RC Drilling Update – Vanadium Extensions. The Company completed scout drilling of 10 RC
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Barry Fehlberg (Internal)
ABSTRACT:The Company completed scout drilling of 10 RC holes for 363m on two separate lines 400m apart at Kangaroo Caves Prospect, 12km southwest of the Central Vanadium Oxide Prospect (See ASX announcement 13th December 2018). Drill hole details, a drill location plan and assay results for the holes are attached. They confirm the continuity of vanadium mineralisation within the magnetic trends associated with the previously announced exploration target. Widenbar has previously defined an exploration target potential* at a 0.1% V2O5 cut-off of 1 billion to 1.3 billion tonnes at 0.25 to 0.3% V2O5 (both oxide and hard rock) over 14-15km strike length (refer ASX release 6th February 2015). Assuming the untested 14-15km of strike length indicated by the aerial magnetics hosts similar mineralisation to the JORC 2012 Resource in the drilled area, the following upper and lower limits can be postulated.

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