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Venus Metals Corporation Limited (ASX:VMC) Henderson Au-Ni Project Encouraging Results from AC Drilling abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
Quarterly Activities and Cashflow ReportPerth, July 29, 2021 AEST (ABN Newswire) - Venus Metals Corporation Limited s ( ASX:VMC) activities conducted during the quarter ending 30 June 2021 include and highlight the following: Four Joint Ventures are in place between VMC and Rox Resources Ltd (RXL): OYG JV (Venus 30%; RXL 70%), VMC JV (Venus 50%; RXL 50%), Youanmi JV (Venus 45%; RXL 45%) and Currans Find JV (Venus 45%; RXL 45%) OYG JV -30% Venus and 70% RXL: YOUANMI GOLD MINE: - Youanmi Total Mineral Resources increased by 466 koz (+39%) to 1,656 koz of contained gold (Au). Near Surface Resource increased by 50% to 800koz Au in total. Deeps Resource shows impressive growth (+30%) to 856koz Au with high grades preserved (7.9g/t Au resource average). Grace Maiden Resource defined to contain 109koz of contained gold at 7 g/t Au with upside potential remaining. ....
Henderson Gold-Nickel Project Aircore Drilling Commences Henderson Gold-Nickel Project Aircore Drilling CommencesPerth, July 5, 2021 AEST (ABN Newswire) - Venus Metals Corporation Limited ( ASX:VMC) is pleased to announce the start of Phase 1 aircore (AC) drilling at its Henderson Gold-Nickel Project, located ca. 50km northwest of Menzies in the Eastern Goldfields of Western Australia (Figure 1 ). The drilling will test structurally controlled gold targets identified in a recent review of historical exploration data and geological and geophysical interpretations (refer ASX release 8 May 2020). The Henderson Au-Ni Project is situated along the southern section of the Ularring Greenstone Belt. Two regionally significant fault zones, the Ida Fault and Ballard Fault, transect the project area (Figure 1 ) and are considered to have played important controls o ....