Ventnor Resources hits best intersection to date at Thaduna/Green Dragon

THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has received drill results it claims has confirmed the highest grade intersection it has achieved to-date at the company’s Thaduna/Green Dragon copper project in Western Australia.

The company said the results support visual indications it reported from a deep drilling program in November while confirming an intersection of strong bornite mineralisation over 11 metres.

Ventnor is currently conducting a program of deep drilling at the project, which is aimed at producing a copper resource below the current open pit models.

Source: Company announcement

The Thaduna / Green Dragon project is located in the Doolgunna district, 170km north of Meekatharra and 40km east of Sandfire Resources’ (ASX: SFR) DeGrussa project.

Managing Director Bruce Maluish said the latest assay results confirm the best diamond core intersections from the project, including the single highest grade received to date.

“This intersection confirms that we now have continuous copper mineralisation from surface to approximately 440 vertical metres below surface, and supports our understanding of the mineralisation profile and structural controls of this typical hydrothermal copper mineralised system,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“We don’t believe this is an isolated intersection and expect this style of mineralisation to continue down plunge.

“Drilling is still underway into this zone and these drill results will underpin a resource below the expected open cut pit, to be accessed by underground mining.”

Ventnor indicated it will be suspending drilling at the project for the Christmas break in mid-December 2012 and recommence mid-January 2013 when a further six holes have been planned to be drilled into the high grade shoot.