Venture Minerals Delivers More REE Intersections at Jupiter
THE DRILL SERGEANT: Venture Minerals (ASX: VMS) newly minted managing director Philippa Leggat was quick out of the blocks to announce the first batch of assay results from recent drilling at the company’s 70 per cent-owned, clay-hosted Jupiter rare earths project in Western Australia.
Venture Minerals declared the latest Jupiter assay results had continued to deliver consistent high-grade zones (+2,000ppm TREO) over 20- 30 m widths, within broader zones up to 80 metres grading well over 1,000 ppm total rare earth oxide (TREO) with thorium and uranium levels remaining consistently extremely low.
These results continue to validate geophysics over the entire 40 square kilometre Jupiter target.
“The great intersections just keep on coming at Jupiter!” Philippa Leggat said in the company’s ASX announcement.
“Another batch of drilling results and another record clay-hosted REE drill intersection.
“It’s fantastic to see infill drilling continue to deliver such consistent results, with impressively broad zones of high-grade mineralisation confirmed in hole-after-hole.
“This is the kind of substance that builds a meaningful project.
“We have an incredible team working on Jupiter, led by experienced geologist Dr Stuart Owen.
“Dr Natalee Bonnici (ex IGO and Northern Star) is a geo-metallurgist who recently joined our team, bringing her specialist skills to our understanding of the mineralisation at Jupiter.
“Their work is the foundation that means our metallurgical work will be done on representative samples.
“We are doing the work the right way, because this project is too big and too good to be wasted on short-cuts.
“Jupiter’s scale, grade and tier 1 location all play into the strategic nature of this discovery.
“They infer the incredible potential which attracted Nick Cernotta and Tim Lindley to join the Board.
“This potential is the basis for our vision to restructure the company to become one of the best rare earths and critical minerals companies in Australia, while delivering meaningful shareholder value.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE