News Articles for Venus Metals Corporation

Venus Metals has unearthed five new electromagnetic targets following its recent high-powered geophysical survey as the company steps up its nickel-PGE hunt in the mineral rich Youanmi terrane. The anomalies were spotted at Venus' new Vidure South prospect where historical drilling returned tantalising grades of nickel and platinum group elements with the company yet to tap the deeper source of this elusive sulphide mineralisation.

Venus Metals has continued to rack up high-grade gold hits along the down-plunge extension of the Link target at its joint-ventured Youanmi gold project near Mount Magnet in WA's Goldfields region. One of the best assays from the latest batch of RC drill results returned 4m at 7.2 g/t gold from 131m. Another notable hit at Link was 4m at 2.7 g/t gold from 164m downhole.

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 has racked up encouraging near-surface gold hits from a second round of RC drilling at the Range View prospect nearby the Bellchambers deposit as part of its Sandstone gold project in WA. Better intercepts from the latest drilling were 6m at 2.06 g/t gold from 20m including 1m at 6.14 g/t and 5m at 2.76 g/t from 45m including 1m at 6.23 g/t.

ASX-listed explorer, Venus Metals says latest drill hits have extended the known area of high-grade gold mineralisation at the exciting Grace gold discovery at its joint-ventured Youanmi gold project in WA by 100 metres to the south. Stand-out RC drill intersections received for three of 18 recently completed holes were 8m at 19.9 g/t gold from 68m including 4m at 38.3 g/t.

Venus Metals has commenced a fresh round of RC drilling at its 90 per cent-owned Range View prospect as it hunts down more gold at the interesting looking target just 1.5kms north-east of its Bell Chambers gold deposit. Venus is testing the extension of high-grade gold mineralisation discovered late last year at Range View, just off the Paynes Find-Sandstone Road, east of Mount Magnet in WA's Goldfields region.

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.

ASX-listed Venus Metals has unearthed fresh rare earth element exploration targets on its ground east of Carnarvon in WA. Assays of reconnaissance stream sediment and rock chip samples exceeding 1,000ppm Total Rare Earth Oxides were recorded at two new sites less than 2km west of eMetals' Cairn Hill Rare Earth Element anomaly which recorded a peak of 2,700ppm Total Rare Earths.

Venus Metals continues to uncover fresh precious metal targets across the Youanmi terrane in WA. A detailed evaluation of the company's comprehensive geophysical and geochemical datasets has highlighted a trio of Julimar-style nickel-copper-PGE targets in the southern Youanmi tenement area, with historical drilling returning assays of up to 2.18 grams per tonne platinum and palladium.

Venus Metals Corporation has jagged a couple of high-grade gold hits from a round of reconnaissance drilling at the Range View prospect nearby its Bellchambers deposit as part of its historic Sandstone gold project in WA. Notable intersections at Range View were 11m grading 4.69 g/t gold from 12m including 1m at 38.92 g/t from 20m and 5m at 9.03 g/t from 18m.

Venus Metals Corporation has returned a swag of high-grade drill hits from its Youanmi gold project in WA. A relentless drilling campaign over the resurgent project continues to deliver an abundance of gold hits including 12 metres at 6.54 grams per tonne gold from only 28 metres and 2m at 11.81 g/t gold from 53m down-hole at the new the Link discovery.

Venus Metals has stumbled across a new gold discovery after getting the drill rods spinning again in the hills around Youanmi, Western Australia. The Hope prospect turned up gold mineralisation in fresh granite adjacent to the area's classic granite-greenstone contact, with one RC drill hole hitting 1m at a solid 9.3 g/t gold from 103m downhole.

ASX-listed explorer, Venus Metals Corporation, says it has picked up a couple of early polymetallic sniffs at its Bridgetown East nickel-copper-PGE project in WA's south-west region as the company looks to emulate the feats of Chalice Mining following its exciting Gonneville nickel-copper-PGE discovery at the Julimar project further north.

Venus Metals Corporation has jumped back into drilling at Youanmi, wasting no time following up on a swag of emerging prospects surrounding the mothballed historic gold operation. The company has kicked off reverse circulation drilling across the Youanmi North, Taylors Reef and Sovereign prospects as it zeroes in on a new batch of discoveries across this fertile gold terrane.

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 Corporation has joined the hunt for the next Julimar nickel-PGE discovery in WA with the company acquiring two new tenements at Bridgetown East. The tenure covers over 270 square kilometres of prospective stratigraphy and hosts a previously defined electromagnetic sulphide target in the southern portion of the project area. Geophysical and geochemical surveys over the target are expected to kick off in the coming weeks.

Venus Metals has unveiled a 29 per cent increase in the contained gold component of its historic 90 per cent-owned Bellchambers project 23km south-west of Sandstone in WA less than 100km from its joint-ventured flagship Youanmi gold project in the Yilgarn Craton. The resource estimate for Bellchambers now stands at 536,000 tonnes at 1.27 g/t for 21,800 ounces of contained gold.

ASX-listed gold explorer, Venus Metals, has teased out some encouraging deeper gold hits from drilling at the Sovereign discovery at its joint-ventured historic Youanmi gold project in WA's Murchison region. The most notable intersection was 8m going 5.03 grams per tonne gold from 160m including 2m at 15.83 g/t from 160m and 3m at 2.86 g/t from 165m.

Venus Metals could be knocking on the door of the next high-grade gold discovery at Youanmi in WA. The company's drilling campaign over the Taylor's Reef prospect has returned outstanding gold intercepts, including 3m at 19.58 g/t gold also hosting 1m at an impressive 55.81 g/t gold from only 21m downhole - follow up RC drilling is planned in the coming months.

Venus Metals and Rox Resources have struck high-grade gold again in granite rock at the exciting Grace discovery at their historic joint-ventured Youanmi project in WA. The latest bonanza gold hits add to mounting evidence that a style of gold mineralisation not recognised at Youanmi previously has been discovered by the dynamic duo. The spectacular drill intercepts included 13m at 60.49 g/t gold from 177m including 4m at a cracking 191.56 g/t.

ASX-listed explorer, Venus Metals, has successfully farmed out the Curara Well project in WA to AIC Mines but maintains a minority interest in the highly prospective joint venture ground that lies in the vicinity of existing successful gold and copper-gold mines. Venus now holds a 20 per cent free carried interest in Curara Well, about 170km north-east of Meekatharra.

Venus Metals and Rox Resources have continued to put meat on the bones of the exciting Grace discovery at the Youanmi gold project south of Sandstone, with more high-grade hits rolling off the drill bit. The JV partners are not quite at the halfway mark of a 126-hole, 16,000m RC drilling campaign, which is focused on Grace, underlining the importance the partners place on that prospect.

ASX-listed dynamic duo Venus Metals and Rox Resources are at it again, this time at the Sovereign discovery within their historic Youanmi gold project in WA's Murchison region. The Sovereign target continues to throw up some solid numbers including 10m going 3.64 grams per tonne gold from 79m. Venus recently finished three RC holes at Sovereign for a total of 530m.

Venus Metals and Rox Resources have kicked off an RC drilling program at their Penny West Deep South and Sovereign prospects at the JV partners' Youanmi gold project in WA as they continue their quest to revive the historic gold mining region. The partners have already enjoyed significant success at the project with long, ounce plus intersections already rolling off the drillbit at Youanmi.

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.

Infill drilling at the emerging Grace prospect near the Youanmi mill in WA's Goldfields has thrown up more stellar gold intercepts for the ASX-listed JV partners Venus Metals and Rox Resources, including 2m at 176.03 g/t from 28m, within a total interval of 4m at 88.81 g/t gold from 27m. The latest results have extended the shallow deposit, with further, deeper results still pending.

Venus Metals Corporation has received a further boost to its war chest with battery metal focussed eMetals Ltd this week forking out $160,000 to complete the purchase of Venus' Poona Lithium project in WA. The sale allows Venus to shift its focus to a range of new project areas in the fertile terranes surrounding the Youanmi mining region.

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.

Venus Metals Corporation is reaping the rewards of its highly successful corporate strategy after Rox Resources and eMetals agreed to exercise agreements with Venus that will see over $3.16 million in cash and shares delivered into the company's already burgeoning coffers. JV partner Rox Resources has agreed to boost its stake in the Youanmi gold project whilst eMetals has moved to purchase a second lithium project from Venus.

ASX-listed Venus Metals has entered into an option agreement with local prospectors to acquire a 90 per cent interest in an interesting looking base metals and gold land package. The agreement covers seven exploration license applications over an area of 1,366 square kilometres across the Narndee-Windimurra layered intrusive complex, just 15km west of the Youanmi igneous complex that hosts Venus' Youanmi gold interests.

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.

Venus Metals has lodged four new tenement applications about 50 kilometres northwest of Menzies in Western Australia and it has identified some interesting gold and nickel targets by conducting a historical data review at the project. The project is nestled on the boundary between the revered Youanmi and Kalgoorlie Terranes in the central section of the Yilgarn Craton.

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 has lodged two interesting looking tenement applications on the south-western shore of Lake Ballard to be known as the Henderson gold-nickel project, located 50 kilometres northwest of Menzies in WA. The tenements fall within the Mt Ida greenstone belt, which is host to some significant projects including Mt Ida and Davyhurst, where gold's renewed interest is breathing new life into those projects.

Venus Metals continues to zero in on the Penny South prospect at its Youanmi gold project. The company's latest geophysical program has highlighted five priority EM targets at the high-profile project which is located immediately along strike from Spectrum Metals famed Penny West gold deposit. The company is now planning a follow up program with detailed ground EM and deep RC drilling planned for the coming months.

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 completed a heliborne EM survey over its Bellchambers gold project east of Sandstone in WA. The company has zeroed in on ten new high priority targets that are sitting on the Western Ridge ‐ Mickey Well gold mineralised trend. It has identified 25 new targets in total at Bellchambers as a result of a recently completed “Xcite” airborne electromagnetic survey.

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.