Venus Metals and joint venture partner Rox Resources have drilled high-grade gold some 80m outside of the existing resource base at their Youanmi gold project in the Murchison district of Western Australia with a 6.8m intercept returning a stellar 11.98 grams per tonne gold from 264m. Drilling continues as the partners seek to grow the 1.66-million-ounce resource at the project.
Venus Metals and joint venture partner Rox Resources appear to have confirmed significant open-pit mining cost savings for the proposed shallow, high-grade Grace gold deposit near Mount Magnet in Western Australia's Murchison district. Grace forms a part of the duo's 1.66-million-ounce Youanmi gold resources that the partners are looking to bring into production.
Venus Metals and joint venture partner Rox Resources have delivered solid gold hits including 5m at 5.96 grams per tonne gold near an old underground mine the duo plan to bring into production at the Youanmi gold project in the Murchison district of Western Australia.
Venus Metals Corporation and joint venture partner Rox Resources have grown resources at their Youanmi gold project near Mt Magnet in Western Australia's Murchison district by a whopping 39 per cent. Nearly 1.7 million ounces have now been defined with 800,000 ounces near surface and a further 856,000 high-grade ounces at depth. Resource drilling continues with a feasibility study on the cards.
ASX-listed Venus Metals and joint venture partner Rox Resources are extending deep drilling at their Youanmi gold project near Mt Magnet in Western Australia. The pair have added 2,000m of diamond drilling to a program targeting depth extensions to high-grade gold shoots and seeking new ones. They are looking to add to the current 1.19-million-ounce resource at Youanmi as stellar gold hits continue.
Rox Resources is planning to demerge two nickel assets into a new listed entity to focus on the development of its flagship Youanmi gold project near Mt Magnet.
Venus Metals and joint venture partner, Rox Resources, have posted an outstanding set of metallurgical results from the Grace gold discovery in WA. First-pass, bench-scale test work on bulk samples from the discovery at Youanmi has returned stellar recoveries of up to 99.8 per cent of the contained gold in fresh rock samples.
Venus Metals Corporation and joint venture partner, Rox Resources, have continued their golden plunder across the Youanmi terrane in WA, with the resurgent mining centre continuing to return a swag of gold intercepts for the duo including 4m at 15.95 g/t gold from a new discovery zone 3km north of the mine site.
Venus Metals and JV partner, Rox Resources have tabled their first set of metallurgical test work numbers at the Youanmi gold project in West Australia's Goldfields. The results show an impressive average gold recovery from the oxide material at the Grace prospect of 97 per cent. The test work also returned a gold recovery of 94 per cent in oxide material at the Plant Zone and Main Lode.
Venus Metals is set to convert its 30% interest in the Youanmi gold project into a free carried interest up to a decision to mine with partner, Rox Resources set to do the heavy financial lifting. The move comes after the JV partners tabled a stunning 25 metre drill intersection going over an ounce to the tonne gold from the Grace prospect.
Shares in Rox Resources have risen by more than 50 per cent today after the gold explorer released latest assays for its Youanmi joint venture project in Western Australia.
Rox Resources, Kingston Resources and Core Lithium have received commitments to raise a combined $20.6 million under share placements, with part of the proceeds to go towards the companies' gold and lithium projects.
The Grace prospect has come up with the numbers again for Venus Metals and its managing JV partner Rox Resources at their Youanmi South project in the Goldfields, with new results over 30 gold gram metres clearly defining a high-grade mineralised zone that sits within a wider overall series of repeating gold bearing structures that plunge to the north.
Venus Metals and its JV partner Rox Resources have produced some exceptional gold grades from the Grace prospect at the Youanmi project near Mt Magnet WA including 7m grading 54.6g/t gold from just 8m downhole. The Grace prospect sits neatly between the old Youanmi pit and the mothballed mill and is shaping up as a standalone deposit in its own right. Other exceptional results tabled this week include 6m grading 5.7g/t from 24m.
Venus Metals has entered into a binding term sheet with ASX-listed eMetals for the sale of its Nardoo Hill lithium exploration tenement in WA's Gascoyne region. Under the terms of the deal, Venus will receive $15,000 in cash, 25 million shares in eMetals priced at $0.014 cents per share and it will retain some upside to the project courtesy of a $0.50 cent per tonne royalty for any ore extracted from the tenement.
Venus Metals, along with its JV partner Rox Resources, has just finished flying an Xcite airborne electromagnetic survey, or “HEM” at its Penny West Deep South Project near Youanmi in WA that has identified what looks to be some compelling geophysical zones of interest along the prospective Youanmi shear zone. These zones have a higher electrical conductivity than the surrounding rocks, which may indicate that sulphide minerals are present at depth.
As the historic Youanmi goldfields gets a new lease on life courtesy of a modern rush of gold explorers, ASX-listed Venus Metals is ahead of the pack with its portfolio of assets surrounding the old Youanmi mine playing host to a range of projects from resource stage to first pass exploration drilling. Venus is about to kick off a geophysical survey across its Penny West Deep South gold target.
Rox Resources and its JV partner, Venus Minerals have hit over two ounces to the tonne gold with one new drill intercept at Youanmi's Grace prospect. The assays just in include one hole that returned 4m at 69.5 g/t gold from 28m. The JV partners also reported solid gold hits from the December 2019 drill program that tested targets to the north and south of the old Youanmi gold mine.
The Grace prospect is holding up as potentially a stand-alone discovery for JV partners, Rox Resources and Venus Metals, with assay results hot off the press of 8m going 37.25g/t, including a 4m zone grading 73.81g/t gold from 48m. Rox and Venus recently identified Grace at their Youanmi South project in the Goldfields, a prospect that literally sits right between the historically mined Youanmi pit and the mothballed mill.
It's raining gold for Rox Resources and Venus Metals at their Youanmi South project after the partners made a spectacular 14m drill intersection going an ounce to the tonne gold from just 1m deep. The new drill hit also included 5m grading 77.03g/t gold and 3m grading an exceptional 123.66g/t gold. Youanmi has been the gift that keeps on giving this year for multiple parties.
Venus Metals and Rox Resources have hit more gold in RC drilling at their Venus JV project in WA. The drilling is located north of the old Penny West gold mine and followed up on an exciting aircore discovery with the best recent numbers coming in at 3m grading 6.61g/t gold from 78m downhole. New aircore holes, 50m south from the now defined mineralisation, showed an 8m wide zone grading 1.92g/t gold.
Venus Metals and Rox Resources have struck gold again at their Currans Find JV project in the Youanmi region of WA. Headline results from an RC drilling campaign at the Red White and Blue prospect include 9 meters grading 3.27 grams per tonne gold from 35m that also contains a higher grade 8g/t intercept over 2m. Gold numbers from the Currans North prospect continue to impress with 2m grading 5.6g/t from 163m downhole.
Youanmi Gold Project joint venture partners, Rox Resources and Venus Metals, have hit the ball out of the park with their latest RC drilling results, returning some stunning, near-surface hits – including 5 metres at an amazing 4 ounces to the tonne gold from surface, 1m at an extraordinary 591.89g/t gold from just 3m and 0.5m at a whopping 1058.49g/t , all in the same bonanza hole.
Rox Resources and Venus Metals' Youanmi South prospect in Western Australia doesn't look like being closed off anytime soon with more high-grade gold results continuing to roll off the drill bit, including 4m at 11.23g/t gold from 92m. Other solid numbers at the Plant Zone prospect, including 8m grading 2.62g/t gold from 60m, continue to underline the porospectivity of the project.
Our daily board moves wrap includes Grant Anderson, Andrew Bloore, Nicholas Earner, Benjamin Jarvis, Sam Jarvis, Lynne Saint, Mark Ashley, Charles Thomas, Peter Newton, Simon Heggen, Brett Lambert, Patrick O'Connor, Anthony Polglase, David Buckingham, and John Mair.
Rox Resources and Venus Metals have hit the highest gold grades seen to date at the Youanmi South prospect near Youanmi in Western Australia, with drilling returning a solid peak intersection of 12m @ 12.7 g/t gold from 80m down-hole. The companies have also been targeting the Plant Zone prospect, which is a potential bulk mining, open-pittable ore source, with gold mineralisation occurring right from the surface.
Rox Resources and Venus Metals have delivered high-grade drilling intersections from several regional and near-mine prospects at their emerging Youanmi gold project in the Murchison region of WA. The companies generated intercepts of 2m @ 23.67g/t gold from 76m and 4m @ 6.57g/t from 64m at the Commonwealth prospect and also discovered 8m @ 4.17g/t gold from 96m at Youanmi South.
Venus Metals and Rox Resources have delivered more high-grade gold hits peaking at a metre grading 39.61 grams per tonne gold from 94m down-hole at the recently completed Stage 3 drilling campaign for the emerging Currans Find North discovery near Youanmi, WA. The results also confirmed the presence of two stacked gold lodes at the prospect and demonstrate that mineralisation remains open at depth and down-plunge.
Rox Resources has signed a binding term sheet to earn up to a 75% interest in Cullen Resources' Mt Eureka tenements that host extensions of the company's existing Fisher East nickel deposits. Rox can earn a 51% stake in Mt Eureka by spending $1m on exploration within three years and the remaining 24% by spending an additional $1m on exploration over a further three-year period.
Venus Metals and Rox Resources have recommenced reverse circulation drilling to follow up on high-grade hits of more than two ounces to the tonne gold at the Currans Find North prospect, near Youanmi in Western Australia. The current drill program will explore the down-plunge and along-strike extensions of the high-grade gold mineralisation that was intersected in previous drilling.
Venus Metals and Rox Resources have commenced a 5,000m aircore drill program at their Venus JV near the topical Penny West gold mine in the Youanmi region. The companies are targeting a prominent magnetic low identified by an airborne survey which includes the historical Penny West gold mine, the historical Magenta and Columbia prospects and Spectrum Metals' recent Penny North discovery.
Venus Metals and Rox Resources have extended high-grade gold mineralisation at the Currans Find North prospect near Youanmi, WA, with drilling returning a top intersection of 1m @ 57.2g/t gold from 110m down-hole. The results extend high‐grade gold mineralisation at depth and demonstrate the potential for the discovery “blind” high‐grade gold lodes along strike and down‐plunge from known mineralisation.
Rox Resources and Venus Metals have commenced a 14,000 metre reverse circulation drilling program aimed at newly developed high-grade targets and extensions to known mineralisation at their Youanmi gold project. The Commonwealth prospect, where historical drilling posted a top intersection of 18m @ 12.9g/t gold from 39m down-hole, crowns the joint venture's hit list.
Venus Metals and Rox Resources have kicked off an RC drilling campaign targeting down-plunge and along-strike extensions of high-grade gold mineralisation intersected in previous drilling at their Youanmi gold projects in WA. Drilling at the Currans Find North prospect has returned a metre result of 72.67g/t gold from 39m down-hole, within a wider zone of 3m @ 27.5g/t gold.
Rox Resources has hit the ground running at its Mt Fisher gold project near Wiluna, WA, with encouraging new assay results returned from drilling at the Dam, Dirks and Damsel South prospects. The company believes that the potential for uncovering large gold zones at the project is high despite deep weathering that obscures the basement rocks and geological structures, which has resulted in sparse drilling below the oxidised profile.
Venus Metals and Rox Resources may be sitting on a high-grade gold deposit at their Currans Find JV gold project near Youanmi, WA, after re-sampling of recent holes turned up a spectacular intersection of 1m @ 72.67g/t gold from 39m within a wider zone of 3m @ 27.5g/t gold. This is significantly higher than the initial assays, which returned 6m @ 9.82g/t gold from 36m.
