For thousands of other reports visit RSC's Mineral Intellingence Map
Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Sovereign | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2019: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Sovereign deposit at the Youanmi project. Drilling results incl. 3m @ 6.61g/t Au from 78m. Venus Metals Corporation Limited (“Venus” or the “Company”) in con | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: M. Cornelius (Internal) | |
| ABSTRACT: | Venus Metals Corporation Limited (“Venus” or the “Company”) in conjunction with its Joint Venture partner Rox Resources Limited (ASX: RXL), is pleased to announce the results of a reverse circulation (RC) and air core (AC) drilling program at its Sovereign Prospect, Youanmi Gold Project (Figure 1). RC drilling followed up on previous results (refer ASX release 4 November 2019) and AC drilling extended the recently discovered gold mineralization along strike to the south. The gold intersections (>1g/t Au) appear to trend approximately south coinciding with a marked low shown in the high-resolution (50m line spacing) aeromagnetic data (Figure 1). The discovery of shallow gold mineralization, also associated with base metals, is very encouraging and deeper RC drilling is planned to further explore this new gold-mineralized zone. Venus Metals Corporation Limited (VMC) in conjunction with Rox Resources Ltd (RXL) previously reported historical airborne magnetic data showing a magnetic low within which the Penny West gold deposit and the Columbia-Magenta prospects are located (refer ASX release 12 August 2019). This magnetic feature extends north into the Venus Joint Venture tenement (E57/1019) where it appears to diverge into two subparallel trends both of which present highly prospective settings for gold mineralization of the Penny West type. | |
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