THE DRILL SERGEANT: Venture Minerals (ASX: VMS) announced the identification of nine priority VMS (Volcanogenic Massive Sulfide) drill targets at the company’s Thor VMS prospect in Western Australia.
Venture Minerals said the targets had been identified from preliminary results of a recently completed EM (Electromagnetic) survey at the Thor VMS prospect.
Venture has focused exploration efforts on Thor, following the recent discovery of massive and semi-massive sulfides in reconnaissance drilling targeting a large historic EM anomaly.
The company expects final processing of the new detailed survey, which utilised the latest EM technology, to shortly be complete, allowing it to prioritise the targets in preparation for immediate drilling.
Recent highlights at the Thor prospect include the EM survey results along with confirmation of large VMS style target sequence extending over 20 kilometres of strike.
The first drill program intersected a 17-metre zone of disseminated, semi-massive and massive sulfides with portable XRF confirming the presence of zinc and copper.
Assays confirmed the presence of zinc and copper with core samples containing up to 0.3 per cent zinc and 0.2 per cent copper.
“The company is encouraged by the early success from the new EM survey around the Thor VMS prospect and is looking forward to testing some of the nine priority drill targets in the very near future,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.
Venture expects some of the priority drill targets will likely be accessible from previously permitted drill sites once the final EM survey results confirm the target locations.
Should this be the case, drilling preparations can commence immediately.
The company anticipates final EM results to produce an improvement of other EM features within the 20km VMS target zone and the remainder of the tenure once levelling of the data and removal of cultural features has been completed.