Total
0
Shares
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan
Managing Director, Matthew Hogan
Source: The West Australia
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Venus Metals (VMC) has received results from its stage two drilling program at the Sandstone Gold Project in Western Australia
  • In mid-February, the company began reverse circulation (RC) drilling at the Range View Prospect to test the extent of the high-grade gold mineralisation
  • Up to 6.23g/t gold was intersected, and the mineralisation remains open down-plunge and to the northeast
  • Further RC drilling has been planned to test the extent of the mineralisation and follow up on results
  • Venus has ended the day 8.11 per cent in the green with shares trading at 20 cents

Venus Metals (VMC) has received results from its stage two drilling program at the Sandstone Gold Project in Western Australia.

In mid-February, the company began reverse circulation (RC) drilling at the Range View Prospect to test the extent of the high-grade gold mineralisation.

Phase one work returned a best intercept of 11 metres at 4.69g/t gold including one metre at 38.92g/t gold.

11 holes were drilled under this phase two program and a best result of five metres at 2.76g/t gold from 45 metres including one metre at 6.23g/t gold from 47 metres was intersected.

The company also retuned six metres at 2.06g/t gold from 20 metres including one metre at 6.14g/t gold from 24 metres.

Analysis of these results indicate an east-northeast plunge with the high-grade mineralisation remaining open down-plunge and to the northeast.

Further RC drilling has been planned to test the extent of the mineralisation and follow up on results.

Venus has ended the day 8.11 per cent in the green with shares trading at 20 cents in a $27.94 million market cap.

VMC by the numbers
More From The Market Herald

" Theta Gold Mines (ASX:TGM) completes trial mining at Frankfort

Theta Gold Mines (TGM) has completed trial mining at Frankfort, located within the TGME gold project.
Aldoro Resources (ASX:ARN) - Non Executive Chairman, Joshua Letcher

" Aldoro Resources (ASX:ARN) to start drilling Niobe East

Aldoro Resources (ARN) is set to begin drilling on the Niobe East pegmatite system in Western Australia.

" Thor Mining (ASX:THR) continues to grow Molyhil

Thor Mining (THR) has continued to grow its Molyhil Critical Minerals Project in the Northern Territory.
Critical Resources (ASX:CRR) - Chairman, Robert Martin

" Critical Resources (ASX:CRR) encounters further mineralisation at Gibsons

Critical Resources (CRR) has encountered further mineralisation and ‘visual massive’ sulphides at the Gibsons prospect in NSW.