Venture Minerals Scores Record Jupiter TREO Drill Hit

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) will be requesting punter form an orderly queue at its RIU Explorers Conference booth following this morning’s announcement.

Venture Minerals announced the first batch of assay results to be received from a recently completed Stage One Resource definition drill program at the large-scale, clay hosted Jupiter Rare Earths Elements (REE) prospect at the company’s Brothers project in the Mid-West region of Western Australia.

Venture Minerals declared the results validate its geophysics while covering only a fraction of the 40 square kilometres Jupiter target.

The headline drilling result of:

48 metres at 3,025ppm total rare earth oxide (TREO)

…was claimed by Venture as being the highest grade, clay hosted REE intersection in Australia.

Other high-grade results were encountered, including assays up to 10,266ppm and 20,538ppm TREO, with the latter, again being claimed by Venture, as one of the highest clay hosted REE assay results in Australia to date.

“These record breaking ultra-high grade REE clay results, for Jupiter, place us well above our peers in terms of both grade and scale,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“What’s incredible is that these results are not isolated.

“They confirm consistent grades over 2,000ppm TREO in broad widths of 20-30 meters in 96 per cent of the holes and that is sitting within zones of around 60 metres over 1,000ppm TREO.

“We have lots of news flow to come, with further results pending for our Maiden Resource drill program.

“This drilling is widely spaced and down the track we will be working on infill drilling with the potential to uncover more impressive grades.

“Most drilling will be shallow aircore and RC, so its highly cost-effective.

“Keep in mind that these results cover a small area of our enormous, 40 square kilometres target and you can certainly understand that Jupiter is shaping up to be an incredibly impressive project.”