THE DRILL SERGEANT: Venture Minerals (ASX: VMS) received results of a recently completed EM (Electromagnetic) survey over the company’s tenement package that encapsulates the Thor VMS prospect in Western Australia.
Venture Minerals reported the EM survey confirmed multiple Priority VMS (Volcanogenic Massive Sulphide) targets across the tenement package.
The company intends commencing drill testing immediately as it continues to focus exploration efforts at Thor, following the recent discovery of massive and semi-massive sulphides in reconnaissance drilling targeting a large historic EM anomaly.
Final processing of the recent detailed EM survey shows that the strongest responses sit outside of the areas drilled by the first two reconnaissance holes targeting the Thor VMS style sequence, consequently the next phase of drilling will test, the highest ranked targets based on the new, high resolution survey results.
“The company is excited about the next phase of work at Thor, which will see a number of highly ranked, massive sulphide targets drill tested over the coming weeks,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.
“The drilling contractor has been engaged and the rigs are scheduled to be mobilised in the coming days.
“The fact that the maiden drill program intersected large zones of sulphides in areas that the final EM data does not rank amongst the strongest responses, significantly elevates the company’s confidence in the next phase of drill testing.”