THE DRILL SEREGANT: Venture Minerals (ASX: VMS) recently completed a trenching program, over some high-order gold in soil anomalies at the company’s 100 per cent-owned Kulin project in Western Australia.
The trenching delivered substantial mineralised intervals of
41 metres at 0.8 grams per tonne gold, including 31m at 1g/t gold; and
20m at 0.6g/t gold.
The hits were encountered within mostly saprolitic granite.
Venture considers these broad, strongly mineralised gold zones in the trenches, not only confirm the soil anomalies, but also suggest potential exists for intersecting broad zones of gold mineralisation at depth, which a current diamond drilling program (in progress) is designed to test.
Once Venture has completed this initial diamond drilling program at Kulin, the rig will head to its Golden Grove North project, where it will target both extensions to the Orcus sulphide system as well as complete maiden drill holes, testing a number of the other newly identified, strong EM conductors situated along the 5-kilometre-long VMS Target Zone along strike to the Golden Grove zinc-copper-gold mine.
“The company is looking forward to generating drill results from Kulin in the coming weeks following the completion of its maiden diamond drilling program,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.
“Venture will then immediately follow on with the continuation of drilling at its priority exploration project at Golden Grove North, as it looks to target extensions to the recent drill intersections of up to seven per cent zinc, 1.3 per cent copper and 2.1g/t gold at Orcus and other newly identified, strong EM conductors situated along the VMS Target Zone.
“This new phase of exploration in Western Australia is poised to generate significant news flow for shareholders over the coming months.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE