Venture Minerals Identifies New VMS Target

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has claimed discovery of a large VMS (Volcanogenic Massive Sulphide) style target within the company’s southwest tenement package, located south of Perth in Western Australia.

Venture Minerals said the prospect, known as Thor, hosts a 400-hectare surface geochemical anomaly situated kilometres from historic drilling containing VMS style massive sulphides.

The company explained it had located the historical drill core following a recent search of the Department of Mines and Petroleum’s Perth Core Library.

The drill core was recorded as containing several metres of massive sulphides including sphalerite, galena and chalcopyrite.

Portable XRF confirmed the presence of zinc, lead and copper.

Venture Minerals said it considers the find of VMS style massive sulphides within a few kilometres of a recently identified anomaly – and within the same geological unit – to elevate the potential of the Thor prospect.

The company added that recent assay results from surface sampling have confirmed the Thor prospect hosts geochemistry consistent with VMS style mineralization.

“The identification of a potential VMS system within our existing tenement package provides an exciting opportunity for shareholders, particularly following our recent successes at the Caesar project, where the company is currently finalising a maiden drill program,” Venture Minerals managing director Hamish Halliday said in the company’s announcement to the Australian Securities Exchange.

“We look forward to further results from the Thor prospect and anticipate finalizing a drill target as soon as possible.”

Venture Minerals said the potential of the Thor prospect provided the impetus for the company to now focus on defining drill targets with follow-up surface sampling and airborne geophysical surveys, scheduled to commence in the coming weeks.

Website: www.ventureminerals.com.au