Image Sourced Venue Metals Corporation Limited
Market Herald logo

Subscribe

Be the first with the news that moves the market

Venus Metals has partnered with Rox Resources for a jointly Gold Mining Lease in Western Australia.

The companies entered the agreement with land owner Murchison Earthmoving & Rehabilitation Limited.

Both companies have paid a $5,000 deposit for a purchase agreement at the ‘Currans Find’ and ‘Pinchers’ sites at Youanmi mine.

Venus and Rox are both funding their deposits through a mix of cash and shares.

The Currans Find site has historically provided large tonnage of high-grade gold, scoring up to 13 g/t Au previously.

Rox and Venus hold 90 percent interest combined in both sites and Murchison Earthmoving holding the remaining 10 percent in both.

Murchison CEO Doug Taylor says the partnership between Venus and Rox is a formidable agreement that will yield great results for all.

“Venus has shown great tenacity and skill in assembling the Youanmi Gold Mine and its exploration tenement package, which Rox clearly recognised,”.

“It is now time to join that effort and bring the high‐grade Currans mine tenement into the bigger picture,” Taylor said.

Venus Metals Managing Director Matt Hogan says drilling at Currans will begin in four weeks.

“I wish to thank Mr. Taylor for recognising our great efforts and his understanding of what is now transpiring at the historic Youanmi Gold Mine,” he said.

Please see the announcement attached

VMC by the numbers
More From The Market Herald
The Market Herald Video

" Orange Minerals (ASX:OMX) commences drilling at Calarie, NSW

Orange Minerals (ASX:OMX) has commenced phase two drilling at the joint venture Calarie gold project in…

" Javelin Minerals (ASX:JAV) increases Coogee MRE

Javelin Minerals (ASX:JAV) updates the mineral resource estimate for its Coogee gold project in Western Australia.

" Suvo Strategic Minerals (ASX:SUV) signs commercial trials contract with C&D Logistics

Suvo Strategic Minerals (ASX:SUV) has signed a legally-binding supply contract with C&D Logistics for commercial delivery…

" Almonty Industries (ASX:AII) boosts income from mining operations

Almonty Industries (ASX:AII) has boosted its income from mining operations in its unaudited half yearly report.