Venture Minerals Claims Golden Grove North REE Discovery

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) claimed discovery of “very high-grade” rare earth elements (REE) surface mineralisation at the Vulcan prospect within the company’s Golden Grove North project in Western Australia.

Venture Minerals reported recent results included several values over one per cent Total Rare Earth Oxide (TREO) ranging up to 12.5 per cent TREO with 5,460 ppm (0.55 per cent) Praseodymium Oxide (Pr6O11) and 14,575 ppm (1.46 per cent) Neodymium Oxide (Nd2O3).

The company said the new REE target had been supported by historic soil sampling that was originally focused on Volcanic Massive Sulphide (VMS) style mineralisation that was also assayed for two REEs being Lanthanum (La) and Cerium (Ce).

Recently completed soil sampling, from which the Total Rare Earth Elements (TREE) were analysed to confirm and define the new discovery.

“The discovery of Very High-Grade Rare Earth mineralisation at one of our VMS prospects at Golden Grove North, effectively doubles the company’s exposure to the Rare Earth space, as it follows our recent Rare Earth discovery at Mount Lindsay,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Clearly the company’s diverse portfolio of projects affords the unique opportunity for such discoveries, due to Venture’s strategic landholdings in areas with the potential to host multiple mineralised systems, consequently leading to a higher probability of exploration success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.ventureminerals.com.au