THE DRILL SERGEANT: Venture Minerals (ASX: VMS) reported on a recently completed DHTEM survey at the Orcus prospect within the company’s Golden Grove North project in Western Australia.
Venture Minerals said the DHTEM survey at the Orcus prospect had delineated a large (500m long x 240m depth extent) conductor under high-grade zinc-copper-gold drill intersections that produced assays of up to 7.6 per cent zinc, 1.3 per cent copper, 2.2 grams per tonne gold an 22g/t silver, from the maiden drilling at the prospect.
This program had confirmed a VMS System with all three holes on the first drill line returning strong zones of VMS style mineralisation.
The DHTEM survey was undertaken on five drill holes, after to the second phase of exploration drilling had been put on hold after six diamond core holes were completed earlier this year.
Venture also completed a ground based Moving Loop Electromagnetic (MLEM) survey that identified three additional priority conductors within the Neptune Volcanic Massive Sulphide (VMS) Target zone.
“Further EM work has continued to highlight the exciting exploration potential of Venture’s Golden Grove North project which is well positioned being along strike to 29M’s world class Golden Grove zinc-copper-gold mine,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.
“A large conductor under high-grade zinc-copper-gold drill intersections at Orcus remains untested and presents an exciting VMS discovery opportunity to be drill tested in the near future.
“Meanwhile the Neptune VMS Target Zone, though still in the early stages of exploration, is suitably located immediately along strike from the Golden Grove Mine.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE