Ventnor Resources receives Thaduna / Green Dragon assays

/in /by

THE DRILL SERGEANT: Ventnor Resources has had previously reported visual intersections from drilling carried out at the Thaduna prospect assayed and has also received additional assays from Phase 4 drilling at its Thaduna and Green Dragon copper project.


Results from the assays include:

–    19 metres at 1.85 per cent copper from 246 metres, including 6.57 metres at 3.93 per cent copper and 19.2 grams per tonne silver from 258 metres downhole;

–    13m at 2.87 per cent copper from 130m including 8m at 4.48 per cent copper and 15.6g/t silver from 131m downhole; and

–    9m at 2.68 per cent copper from 180m downhole.

“The assays have confirmed our visual observations of the mineralisation and have increased our confidence to drill deeper,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“Particularly significant is the type of mineralisation which has been encountered as it conforms to a typical hydrothermal system and supports the possibility of deeper primary copper mineralisation.

“The deep drilling program is underway after a short delay due to the recent rain in the region with five deeper holes to test the mineralisation at 275 to 300 metres below the surface expected to be completed by the end of April.”

 

Drillhole location plan for Thaduna showing the location of the reported drillholes. Source: Company announcement

Ventnor commenced the Phase 4 drilling in January with a program of around 9,000m of predominantly deeper diamond core drilling down dip and along strike of previously outlined mineralisation with some RC infill drilling above 200m vertical.

In March the company announced a strong intersection of visible chalcopyrite and bornite, the core of which was logged and cut with half core samples submitted for assay.

Ventnor said it has also received additional assays that confirm a continuous mineralised zone over 520m of strike length under the existing pit at Thaduna.

The company has further infill drilling planned in this area as part of the Phase 4 program, which is scheduled to be completed following the current campaign of deeper drilling.

The Thaduna and Green Dragon copper project is located 170 kilometres north of Meekatharra in Western Australia.

The project is situated in the the Doolgunna district, 40 kilometres east of the Degrussa project of Sandfire Resources.