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 more than two ounces to the tonne gold.
The top result of a metre grading 72.67 grams per tonne gold from 39 metres down-hole is located within a wider zone of 3m @ 27.5g/t gold at the Currans Find North prospect.
Significantly, the 1 metre resampling results are much higher than the initial assays, which returned 6m @ 9.82g/t gold from 36m.
Another hole returned 2m @ 13.34g/t gold from 61m down-hole including 1m @ 25.38g/t gold, up from the previous 4m @ 5.72g/t gold from 60m.
Currans Find North is located within the underexplored Youanmi greenstone belt in a geological setting similar to that of the nearby historical Penny West gold mine and Spectrum Metals’ recent Penny West North discovery.
Venus management said the results from the two holes at Currans Find North indicate a plunging high-grade gold ore shoot that is open at depth and down-plunge.
Further drilling is expected to begin in early July.
The Currans Find JV gold project and nearby Pinchers JV project are 45% owned by Venus and Rox, with the original vendor, prospector Mr Doug Taylor, retaining a 10% free-carried interest in the projects.
Historical records show that the Currans Find JV tenement produced just under 3,000 ounces at nearly half an ounce to the tonne in the early 1900s.
Earlier this month, Venus and Rox formalised four separate joint venture agreements in the Youanmi region.
Besides the Currans Find JV, the two companies also formed the OYG JV over the Youanmi gold mining leases, the Venus JV covering five regional exploration leases surrounding the Youanmi mining leases and the Youanmi JV covering tenements southwest and northeast of the main Youanmi mining leases.
