Venture Minerals Encounters Copper and Zinc Rich Sulphides at Golden Grove North

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has reported instant drilling success at the highest-priority Volcanic Massive Sulphide (VMS) drill target the company’s Golden Grove North project in Western Australia.

Venture Minerals declared the first drill hole (ORRC001) at Orcus to have intersected 33 metres of disseminated to semi-massive sulphides with copper and zinc.

The sulphide intersection sits predominately within a chlorite-sericite altered sequence of foliated mafic volcanics which is a potential host for VMS style mineralisation.

Venture carried out a visual inspection and preliminary hand-held XRF analyses on the RC chips that it claims has verified the presence of copper and zinc (chalcopyrite and sphalerite) within the pyrite dominated sulphides.

Samples are being prepared for submitting to a laboratory for assay to confirm the observed mineralisation.

“The first drill hole at Orcus has had immediate success with a strong intersection of sulphides containing copper and zinc,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“Venture eagerly awaits the assays to confirm the highly likely addition of both gold and potential silver mineralisation as it moves onto the next drill holes at Orcus, the company’s highest priority VMS target at Golden Grove North.”

Drilling at Orcus is initially targeting immediately below historic (2008) RC drill hole WRC054, which intersected shallow VMS style mineralisation along strike and between two other high priority VMS drill targets.

The VMS style drill intersection of 22m at 0.76g/t 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, sits on trend between two other recently delineated high-priority VMS drill targets of Vulcan North and Vulcan West.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au