THE DRILL SERGEANT: Venture Minerals (ASX: VMS), by way of a ground (Moving Loop) EM survey, has confirmed the fourth and now the highest priority VMS Drill Target (now named Orcus) at the company’s Golden Grove north project in Western Australia.
Venture Minerals is currently drilling at the Vulcan North target within the Golden Grove project, however, once the three planned drill holes are completed at Vulcan North the RC rig will be moved onto Orcus – which has moved up the ranks as the highest priority drill target.
Orcus already boasts a VMS style drill intersection of:
22 metres at 0.76 grams per tonne gold, 0.64 per cent copper and 1.3 per cent zinc from 38m to bottom of hole, including 10m at 1g/t gold, 0.74 per cent copper and 2.1 per cent zinc from 50m to bottom of hole.
Orcus sits on trend between two other recently delineated high-priority VMS drill targets – Vulcan North and Vulcan West.
“The Golden Grove north project continues to deliver with confirmation by the EM survey of the Orcus VMS drill target, which is the fourth and now the highest priority target to date,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.
“The company will now switch the rig onto Orcus to bring forward the testing of this very exciting target.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE