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Venture Minerals Identifies nickel-copper-cobalt mineralisation at Caesar Project

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) received results from the first hole drilled at the company’s Caesar project in Western Australia.

Venture Minerals conducted the drilling, co-funded by WA State Government’s Exploration Incentive Schem, targeting nickel-copper-cobalt sulphide mineralisation.

The company claimed the drill hole (CSD01) intersected minor disseminated sulphides throughout a zone of dolerite located in the hole and had verified the presence of nickel, cobalt and copper within the intersected sulphides.

Venture declared the results to confirm the mafic rocks (dolerite and gabbro) at Caesar host nickel-copper-cobalt sulphide mineralisation.

On the back of the results Venture has now applied for a further 70 square kilometres of tenure immediately to the north it believes to contain interpreted extensions of the same dolerite and gabbro units.

In addition, CSD01 returned an 18-metre intersection that included: one metre at 1.8 grams per tonne gold, 4.6g/t silver, 806ppm copper, 655ppm zinc and 578 ppm lead.

“The potential for gold mineralisation at the Caesar project is now being evaluated through interpretation of arsenic assay results from the previous surface sampling,” Venture Minerals said in its ASX announcement.

“This work has already highlighted several additional gold targets within the Caesar project.”

Venture Minerals indicated that the drilling of CSD01 did not test the strongest surface geochemical response within the project area, which means follow-up drilling will be designed to re-test the target.

To fully evaluate the potential for gold mineralisation occurring within the project area the company will re-analyse previously collected surface lag samples for gold.

Once the new land application to the north has been granted, a surface geochemistry (lag sampling) program will be initiated to test for extensions of the same dolerite and gabbro units already identified at Caesar.

 

Email: info@ventureminerals.com.au

Website: www.ventureminerals.com.au

 

Venture Minerals Identifies Priority Ultramafic Target

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) claimed discovery of an additional ultramafic target near the recent Quicksilver nickel-cobalt discovery of Golden Mile Resources (ASX: G88), east of Perth in Western Australia.

Venture Minerals pointed out that its Pingaring project is located just four kilometres along strike to the south-east of the Quicksilver discovery.

The Pingaring project now contains 150 strike kilometres of ultramafic targets, which Venture Minerals has interpreted to be the same host unit that the Quicksilver nickel-cobalt deposit sits within.

The company has identified a new ultramafic target that extends over five kilometres and has been interpreted to be the ultramafic core of a layered mafic-ultramafic intrusion which are prospective for nickel, cobalt and copper sulphides.

Venture Minerals explained the discovery came from reconnaissance surface sampling throughout the westernmost tenement of the project, which also confirmed the other interpreted ultramafic targets.

The company said its interpretation of the ultramafic core is supported by +1200ppm chromium and anomalous platinum, palladium and gold laterite samples as well as detailed aeromagnetic data.

“This new target has now become a priority for Venture at Pingaring,” Venture Minerals said in its ASX announcement.

“Venture has a dominant land position within an emerging new nickel-cobalt province in Western Australia and upon successful granting, the company will commence a detailed surface mapping and sampling program to define priority drill targets.”

 

Email: admin@ventureminerals.com.au

Website: www.ventureminerals.com.au