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Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | North Dome | |
| Location: | Australia | |
| Commodities: | Zinc-Copper | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-10-2016: Venus Metals Corporation Ltd. announces a Resource Estimation report for its North Dome deposit at the Youanmi project. Revised Exploration Target at North Dome prospect. The Directors of Venus Metals Corporation Limited (ASX: VMC) are pleased | |
| Resources: | Exploration Target: 15-25Mt @ 3-8% Zn & Cu | |
| CP/QP: | [Overall Report]: T Putt, M Cooper (Exploration & Mining Information Systems;Core Geophyics Pty Ltd.) | |
| ABSTRACT: | The Directors of Venus Metals Corporation Limited (ASX: VMC) are pleased to announce that the Induced Polarisation (‘IP’) survey was completed by Vortex Geophysics at Pincher Well Volcanogenic Massive Sulphide Trend (‘VMS’) –with outstanding survey results as interpreted by Core Geophysics. The Induced Polarisation (‘IP’) survey has defined a chargeable zone that correlates well to the known mineralised envelope and substantial zone of previously unrecognised/untested mineralisation to the south, and ‘up-dip’, from the known North Dome zinc-copper prospect. IP survey results, analysed by Venus Metals, in conjunction with magnetics, gravity and electromagnetic (‘EM’) data and historical drilling, demonstrate the North Dome prospect to be a highly compelling drill target (Figure 3). Drilling and exploration by previous workers outlined an extensive ‘Exploration Target’*, whose prospectivity is only enhanced by the identification of the shallow ‘up-dip’ extensions by the IP survey. Venus Metals has now revised its ‘Exploration Target’ for the North Dome. | |
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