Venturex drilling puts bounce into Sulphur Springs

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THE DRILL SERGEANT: Venturex Resources (ASX:VXR) has reported some positive drilling results from an ongoing exploration program at the company’s Sulphur Springs copper-zinc deposit in the Pilbara region of Western Australia.

 

Sulphur Springs project location. Source: Company announcement

 

The company completed six hole RC drilling program at the main Sulphur Springs deposit targeting potential high-grade extensions to the Western Lens copper-zinc mineralisation at depth.

Vetnurex said the RC drilling had intersected significant widths of massive and stringer sulphide mineralisation in all drill holes with geological logging and preliminary Niton (XRF) readings indicating extensive zones of high grade zinc and copper mineralisation.

Details of the drill hole intersections include:

–    26 metre zone of massive and disseminated sulphides from 210 metres depth including 10 metres of massive sulphide from 210 metres depth plus an additional 8 metres of massive sulphide from 232 metres depth;

–     15m zone of massive sulphide mineralisation from 174m depth plus a 7m zone of massive and disseminated sulphide mineralisation from 232m depth;

–     11m zone of massive sulphide mineralisation from 215m depth plus a further 7m zone of massive and disseminated sulphide mineralisation from 234m depth; and

–    7m zone of massive sulphide mineralisation from 188m depth plus a 2m zone of disseminated sulphide mineralisation from 242m depth.

Venturex said the intersections recorded in these first four holes were considerably thicker than it had anticipated and extend the mineralisation beyond the current resource model into this area.

Subject to final assays, it is anticipated that the proposed mine design will be extended to include this area as part of the current Feasibility Study.

Further results included:

–    6m zone of disseminated and stringer sulphides from 229m depth; and

–    6m zone of disseminated and stringer sulphides from 217m depth.

Venturex explained these two holes have extended the zone of footwall stringer mineralisation to the west of previous intersections and indicate a possible connection with similar mineralisation intersected previously at the Bledisloe prospect located 600 m further west.

“These new intersections at Sulphur Springs have the potential to extend the area of high-grade mineralisation at the base of the Western Lens,” Venturex Resources managing director Michael Mulroney said in the company’s announcement to the Australian Securities Exchange.

“We anticipate that it is highly likely the underground mine plan can be expanded into this area and potentially extend the life of the planned underground mining operation at Sulphur Springs.”

Venturex said assay results are pending for all mineralised intersections and are expected to become progressively available over the next few weeks.

The company anticipates commencing work on upgrading the Sulphur Springs resource model and the underground mine design as soon as the final assay results are received.