Ventnor Resources encouraged by first Black Dragon drilling results

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THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has received first assay results from the initial drill program to be carried out at the company’s Black Dragon gold project in Western Australia.

Black Dragon is located 370 kilometres north-east of Kalgoorlie and 22 kilometres north-east of AngloGold Ashanti (ASX: AGG) (70%) and Independence Group (ASX: IGO) (30%) Tropicana Gold mine.

Ventnor said the recent drilling was designed to test the potential for a new style of mineralisation and to investigate the strike, dip and plunge components of the prospect.

A total of 33 RC drill holes were completed for 2,492 metres of drilling with the average vertical depth per hole hitting around 50m.

Sample assays from all holes received to date have indicated anomalous gold results, including:

BDRC1001
9 metres at 7.08 grams per tonne gold, 3.88g/t silver from surface, including 2m at 24.74g/t gold, 14.14g/t silver from 1m downhole (DH);

BDRC1006
2m at 4.47g/t gold, 0.7g/t silver from 7m DH; and

BDRC1007
3m at 3.14g/t gold, 1.17g/t silver from 7m DH.

“These are very encouraging results from our maiden drill program at Black Dragon and confirm our belief that this is a constrained epithermal gold system that is quite distinct from Tropicana,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“It has a structural complexity typical of an epithermal system which will require a flexible exploration approach to determine the geological controls on the higher grade zones.”

Email: info@ventnorresources.com.au

Website: www.ventnorresources.com.au