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Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Pincher Well | |
| Location: | Australia | |
| Commodities: | Zinc-Copper | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Pincher Well deposit at the Youanmi project. Drilling results incl. 10m @ 7.31% Zn from 52m. The Directors of Venus Metals Corporation Limited (ASX: VMC) are | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: T Putt (Exploration & Mining Information Systems) | |
| ABSTRACT: | The Directors of Venus Metals Corporation Limited (ASX: VMC) are pleased to announce that the reconnaissance RC drilling was successfully completed along two east-west IP anomaly lines (ASX release 28 October 2016) at Pincher Well North Dome Zinc-Copper Prospect. The Pincher Well VMS Trend is located 600km north-northeast of Perth and forms part of Venus Metals Corporation Ltd.’s (‘Venus’) Youanmi gold & base metal project. The tenements (E 57/986 & 1019) hosting the Trend are situated 15 km southwest of the Youanmi Gold Mine and processing plant. Thick high-grade Zinc mineralisation has been intersected, at shallow depth, in recent RC drilling at the Pincher Well Zinc-Copper Prospect. This reconnaissance drilling, over an established IP anomaly, confirms the presence of significant thick, shallow, ‘up-dip/plunge’ extensions to the south of the known North Dome zinc-copper mineralisation. An accelerated exploration program is now being planned by Venus Metals. This program will include additional geophysical surveys (ground magnetic and IP surveys) and drilling in order to continue to delineate the high-grade zones of Zinc mineralisation along the highly prospective southern extensions of the Pincher Well prospect. Mineralisation remains open along strike, and at depth, and appears to projecting to surface to the south, towards the ‘Linda Gossan’. | |
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