Perth, Australia -
Venus Metals Corporation Ltd. (ASX:VMC) is pleased to announce the start of Phase 2 Reverse Circulation (RC) drilling at its Henderson Project, located ca. 50km northwest of Menzies in the Eastern Goldfields of Western Australia (Figure 1*).
The drilling will test the depth extension and potential spatial zonation of LCT pegmatites identified from outcrop mapping and sampling, with noticeably Lithiumrich pegmatites present at the Emerald SE Prospect (Maximum 5.8 % LiO2 - refer ASX release 27 May 2022, 7 February 2022).
The RC drilling will also test encouraging gold anomalies intersected in the Phase 1 aircore (AC) drilling programme, including 7m @ 1.13 g/t Au at the Emerald S Prospect (Refer ASX release 9 September 2021).
The Henderson Project comprises five exploration licences covering an approximately 800 km2 area (Figure 1*). The current drilling is focussed on tenement E30/520 (90% Venus, 10% Prospector) which covers about 25km strike length of the Mt Ida/Ularring Greenstone Belt, historically known for its gold production but more recently also recognised as an emerging Lithium Province following the discovery of spodumene-rich pegmatites near the Mt Ida gold Mine, located some 15km northwest from the Henderson Project area (Figure 1*) (Refer Red Dirt Metals, ASX release 28 September 2021).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/1Q9J5K73
About Venus Metals Corporation Limited:
Venus Metals Corporation Ltd. (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.
The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.
Source:
Venus Metals Corporation Ltd.
Contact:
Matt Hogan Managing Director Venus Metals Corporation Ltd. Tel: +61 8 9321 7541
