Venus/Rox target more high grade gold near Youanmi
Venus Metals and Rox Resources have recommenced reverse circulation drilling to follow up on some exciting, ultra-high-grade gold hits at the Currans Find North prospect near Youanmi in Western Australia.
Top results from previous drilling at Currans Find North this year include 1 metre grading 72.7 grams per tonne gold from 39 metres down-hole within a wider 3m envelope going @ 27.5g/t gold from 39 metres and a 1m intercept @ 57.2g/t gold from 110m within a broader hit of 3m @ 25g/t gold from 109m in a separate hole.
The previous results were also associated with accessory galena and other sulphides, which Venus said is an indication of further potential similarities with Spectrum Metals’ nearby Penny North discovery that has been on everyone’s lips for the last month.
Management said the drill program will explore the down-plunge and along-strike extensions of the high-grade gold mineralisation that was intersected in previous drilling.
The Drill program will also test an electromagnetic anomaly along the Youanmi Shear Zone that was identified by Venus in 2018.
The anomaly is associated with gold anomalies in historical rotary air blast drilling, making it a priority target for bedrock-hosted gold mineralisation.
Once drilling is complete, the partners will carry out a trial induced polarisation survey over known sulphides associated with high-grade gold mineralisation at Currans North.
This survey will in turn be followed by 3D surveying and geophysical modelling.
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.
Venus Metals Corporation (VMC)
Closing price for the last 90 trading days
Powered by Morningstar ®