Venus fast tracks boots-on-ground fieldwork at WA | Australian Markets

Venus Metals has fast tracked boots-on-ground discipline work at its 90per cent- owned Bellchambers gold project, close to Sandstone within the West Australian goldifelds, in preparation for a complete drilling program the company plans to begin within the subsequent two months.

The Bellchambers gold depositcomprises 722,000 tonnes at 1.31 grams per tonne (g/t) gold and is simply 70 kilometres by street from the Youanmi gold project being progressed by Rox Assets.

Venus late final 12 months signalled its intention to push ahead with the development of Bellchambers by lodging a 415-hectare mining lease over the deposit.

Gold manufacturing on the web site dates back to 1908, with historic figures displaying 3688 ounces extracted at an spectacular average grade of 21g/t gold. Quite a few drill holes within the space returned encouraging outcomes together with a 11-metre hit at 4.69g/t gold from 12m, with 1m jagging a tidy 38.92g/t gold.

The company’s latest discipline work will contain mapping, rock chip sampling and logistical work to get the drill rods spinning as quickly as potential. Venus intends to utilise each reverse circulation and diamond drill rigs over the approaching months in a concerted effort to outline extra potential gold mineralisation between Bellchambers and its close by Vary View deposit.

Gold within the space is hosted within a steeply dipping sequence of sheared sulphide-rich sediments and mafic rocks, interlayered with skinny chert and a complicated folded and sheared banded iron formation. It exhibits distinct similarities with banded iron formation-hosted gold mineralisation from within the central part of the Sandstone Greenstone Belt.

The sector work will ship Venus with one other layer of information to help it choose drill gap places for testing potential targets. The Bellchambers deposit is open at depth and alongside strike, and the upcoming drilling program will improve and probably lengthen the realm’s identified gold mineralisation.

Venus additionally hopes the marketing campaign will convert parts of the indicated gold mineralisation to the measured class and allow it to gather ample samples for more complete metallurgical check work and different research.

Its neighbour, Rox Assets, has signalled its willingness to barter a potential mine gate sale settlement on a best endeavours foundation as half of the transaction consolidating curiosity within the company’s Youanmi gold project.

The applicated 415ha mining lease consists of extra areas thought-about potential for added gold sources and for place open pits, waste dumps and stockpiles. Future work applications will embrace pit optimisation research, extra drilling in key areas and metallurgical check work to substantiate anticipated high gold recoveries.

Venus believes profitable exploration drilling may considerably change the flavour and scope of the useful resource on this space and be a helpful add-on to the present metrics. If the gold price retains trending up, fast monitoring this project may reap rewards sooner relatively than later.

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