Venus Metals Corporation Limited (ASX: VMC) Exploration Update
Key Exploration Results
Venus Metals Corporation Limited (“Venus” or the “Company”) has reported promising exploration outcomes from its Copper Hills Cu-Au Project and Youanmi Base Metals Project in Western Australia. The exploration includes significant findings regarding copper and zinc mineralisation and further geochemical anomalies.
At the Copper Hills Cu-Au Project, the company identified several copper geochemical anomalies requiring follow-up investigations. The results of ultrafine (UF) soil sampling revealed elevated gold, bismuth, and antimony levels, suggesting possible gold mineralisation under cover. Highlighted areas of interest include the Gazza/Black Forest area and additional copper-gold anomalies, indicating potential for significant mineral deposits.
Youanmi Base Metals Project
The Youanmi Base Metals Project has completed a Reverse Circulation (RC) drilling programme with six holes for 733 metres drilled. Significant zinc intersections were recorded, notably a 12m interval averaging 1.21% zinc, with a peak of 2.23% zinc, enhancing the potential of the Pincher North Dome Prospect.
Furthermore, additional drill holes encountered sulphide-rich zones but did not yield anomalous base metals due to difficult groundwater conditions, emphasizing the complexity of the geological environment.
Forward-Looking Statements
Venus is planning further exploration activities to investigate the promising anomalies detected during recent surveys. Matthew Hogan, Managing Director of Venus Metals, expressed confidence in the exploration strategy, noting that “the potential for mineralisation in our projects remains high, as indicated by these results.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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