Venus/Rox drilling targeting high grade gold zones

Venus Metals and Rox Resources have kicked off a 1,600m reverse circulation, or “RC”, drilling campaign to explore the Currans North prospect and other regional targets within their Youanmi gold projects in WA.

At the Currans North prospect, the joint venture will carry out 1,100m of RC drilling targeting down-plunge and along-strike extensions of high-grade gold mineralisation intersected in previous drilling at the Currans Find North prospect.

The earlier drilling had returned top results of a metre grading 72.67 grams per tonne gold from 39 metres down-hole, located within a wider zone of 3m @ 27.5g/t gold and 2m @ 13.34g/t gold from 61m down-hole including 1m @ 25.38g/t gold.

Four holes will also be drilled at the Golden Victoria prospect to follow-up on historical drilling that intersected shallow high-grade gold mineralisation and potential down-dip extensions of high-grade mineralisation that was located in deeper drilling.

Additionally, Venus and Rox will test a high priority electromagnetic anomaly along the main Youanmi shear zone for gold and base metals mineralisation.

In early August, the company plans to start a 5,000m aircore drilling program to test aeromagnetic data indicating the same stratigraphic units hosting the historical Penny West gold mine, Spectrum Metals’ recent Penny North gold discovery and the historical Magenta and Columbia gold prospects, that may extend north into the Venus JV ground.

If proven, this represents a prime gold exploration target for high-grade gold mineralisation of the Penny West style.

In June, Venus and Rox formalised four separate joint venture agreements within the Youanmi region.

The Currans Find JV agreement covers a historical, three square kilometre mining lease that produced just over 6,000 tons grading nearly half an ounce to the ton gold in the early 1900s.

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.