Ventnor continues to tame Green Dragon

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THE DRILL SERGEANT: Australian base metals explorer Ventnor Resources has scored some impressive near surface copper mineralisation assays from a recent Phase 3 drilling program conducted at the Green Dragon prospect.

The Green Dragon prospect is part of the company’s Thaduna and Green Dragon copper project, located 170 kilometres north of Meekatharra, Western Australia, in the Doolgunna district, and 40 kilometres east of Sandfire Resource’s Degrussa project.

 

Tenement status map of the Thaduna – Degrussa area. Source: Company announcement

 

Highlights from the recent drilling include:

–    10 metres at 6.82 per cent copper from 34 metres, including 6 metres at 10.96 per cent copper from 37 metres downhole;

–    7m at 4.43 per cent copper from 75m, including 5m at 6.07 per cent copper from 80m downhole;

–    19m at 3.33 per cent copper from 63m, including 12m at 5.07 per cent copper from 64m downhole;

–    7m at 4.33 per cent copper from 88m, including 5m at 5.93 per cent copper from 88m downhole; and

–    29m at 2.22 per cent copper from surface, including 9m at 4.00 per cent copper from surface.

The latest round of drilling conducted by Ventnor followed results from earlier RC programs.

“The last phase of RC at the Green Dragon has largely completed the investigation of the extent of the main zone of mineralisation to a vertical depth of 200 metres,” Ventnor Resource managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“Significant high grade results at or near the surface greatly enhance the economics of this deposit with immediate ore access for production.”

Ventnor said that a Phase 4 drilling program of 9,000m is now underway at the Thaduna and Green Dragon prospects.

This time the drilling is to be predominately diamond drilling and is expected to be completed in April with a JORC compliant Resource estimate anticipated to be completed by June.

The Phase 4 drilling program at Green Dragon is intended to achieve 4 goals:

–    4 deeper RC holes to the north to finalise the drill out of the mineralisation to 200 metres depth;

–    4 shallow holes to the south to follow up the near surface mineralisation;

–    3 RC holes to the east will test a possible second shoot of mineralisation that has splayed off the main mineralised zone; and

–    2 HQ Diamond holes will be drilled within the main mineralised zone to generate metallurgical samples as well as geotechnical data to aid with pit design work. The company said these holes will add to the geological understanding of the Green Dragon mineralisation.