Ventnor Resources scores high assay results from visual intersections

THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has received further high-grade sulphide assays returned from previously announced visual intersections achieved during a deep drilling campaign at the company’s Thaduna/Green Dragon project in Western Australia.

High-grade assays from previous visual intersections include:

–    9.58 metres at 5 per cent copper from 612 metres down hole (THDD235);

–    23m at 3.66 per cent copper from 388m down hole (THDD236); and

–    6.15m at 9.94 per cent copper from 572m down hole (THDD238).

Ventnor indicated the assay results are to be included in a new Resource estimate.

The company reported holes THDD235 and THDD238 have extended the high-grade underground mineralisation while hole THDD236 was part of an infill drilling program conducted on the existing 142,200 tonne copper JORC code-compliant resource.

 

Completed drilling so far. Source: Company announcement

 

Ventnor has confirmed all of the visually identified intersections with high grade assays, which the company said confirms higher grades are coincident with bornite as the dominant sulphide mineralisation.

“We are pleased that the field observations of expected high grade zones have been confirmed by high grade assays,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“These intersections are some of the highest grade copper intersections reported in the last year in Australia and support the potential for underground production at Thaduna.

“We intend to follow up these intersections with further drilling as part of the Bankable Feasibility Study expenditure, which will better determine the extent of the high-grade mineralisation and lift the confidence in the Resource.

“Drilling to date has confirmed the continuity of the orebody to depth and also the high grade core.”