THE BOURSE WHISPERER: Australian base metals company Ventnor Resources (ASX: VRX) has released further significant results from the previously announced high-grade zone of copper mineralisation at the company’s Thaduna/Green Dragon copper project, located north of Meekatharra, Western Australia.
The Green Dragon project is situated within the Doolgunna district, 40km east of Sandfire Resource’s (ASX: SFR) DeGrussa project.
New high grades intersected at Thaduna include:
– 10 metres at 6.65 per cent copper;
– 7m at 4.07 per cent copper; and
– 7m at 3.04 per cent copper.
Field observations of bornite in diamond core continue to produce plus five per cent copper intersections.
“These are the type of intersections that we are following up to investigate the underground mining potential and we will continue to drill deeper while we keep getting these high grade and sulphide rich zones,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.
“We are also committing to two deeper step-out holes.
“One will be targeting the projected down plunge high grade zone at 500 metres vertical depth and the other will investigate a recently identified EM anomaly at 450 metres vertical depth.
Drilling results at Thaduna. Source: Company announcement
“The maiden JORC-compliant resource estimate being undertaken by consultants Cube Consulting for the Thaduna/Green Dragon project is nearing completion with final reporting underway and an announcement is imminent.
“The modeling shows good continuity between sections and down dip with essentially tabular orebodies.
“We also have results pending on an extensive metallurgical testwork program to follow up on initial float testwork and QemScan studies.”