Total
0
Shares
Image Sourced ShutterStock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Rox Resources and joint venture partner Venus Metals have reported high-grade gold intercepts at the Currans Find North Prospect
  • Results from the stage two drill program at Currans include 3m at 25.00 g/t Au from 109m including 1m at 57.15 g/t Au from 110m
  • Galena was found in the RC rock chips

Venus Metals and joint venture partner Rox Resources, have reported high-grade gold intercepts at the Currans Find North Prospect.

Results from the stage two drill program at Currans include 3m at 25 g/t Au from 109m including 1m at 57.15 g/t Au from 110m.

These results follow the stage one program which intersected up to 72 grams per tonne of gold.

Within the high-grade intersections, the drilling program found galena (a natural form of lead sulphide) with significant sulphide contents in the RC rock chips. This finding confirms a new gold-sulphide association at the prospect.

The Currans Find North Prospect is found at the Youanmi Gold Project which is located 460 kilometres north-east of Perth, Western Australia. The project is along the Youanmi Greenstone Belt.

The Youanmi Project is comprised of the Youangarra, Penny West, Columbia- Magenta and Currans prospects.

Cancelled GML records show that 6,874 tons were treated at the Red White and Blue battery on site for a recovered average grade of 13 g/t Au.

A follow up RC drilling is scheduled to commence next week and an induced polarisation survey will commence soon to identify further sulphide-rich gold lodges.

Rox Resources gained 9.09 per cent today and is selling shares at 2.4¢. Meanwhile Venus Metals dropped 9.80 per cent and is selling shares at 23¢ per share.

VMC by the numbers
More From The Market Herald

" Moho Resources (ASX:MOH) eyes $1.51m & enters agreement with Whistlepipe

Mining company Moho Resources (MOH) has completed a bookbuild to undertake a $1.51 million placement.
The Market Herald Video

" ASX debutant Eastern Metals (ASX:EMS) to develop former Kidman Resources’ projects

Eastern Metals (EMS) began trading on the ASX today after raising $6 million through its IPO.

" Desert Metals (ASX:DM1) highlights PGEs at Innouendy

Desert Metals (DM1) has identified platinum group elements (PGEs) at the Innouendy project in Western Australia.
Auroch Minerals (ASX:AOU) - Managing Director, Aidan Platel

" Auroch Minerals (ASX:AOU) to begin drilling at Ragless Range

Auroch Minerals (AOU) will begin a diamond drilling program at the Ragless Range zinc target at its Arden Project in South Australia.