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Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-11-2019: Venus Metals Corporation Ltd. announces an Exploration/Drilling Update report for its Youanmi deposit at the Youanmi project. Drilling results incl. 4m @ 7.02g/t Au from 24m. Venus Metals Corporation Limited (VMC) in conjunction with Rox Resour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: M. Cornelius (Internal) | |
| ABSTRACT: | Venus Metals Corporation Limited (VMC) in conjunction with Rox Resources Ltd (RXL) previously reported historical aeromagnetic 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 VMC 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. The initial AC drilling was designed to explore for geochemical anomalies that may indicate the presence of Currans North and Penny West-style high-grade gold mineralization at depth. The recent AC program mainly targeted the western trend and followed up on gold anomalies broadly associated with anomalous base metals (refer ASX release 15 October 2019). The AC drilling area is located on E57/1019 that is part of the VMC Joint Venture (VMC 50% and RXL earning 50% - gold rights only). A single AC traverse was drilled on M57/641 (Currans Joint Venture; VMC 45% and RXL). | |
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