Venturex Resources drills high-grades at Kangaroo Caves

THE DRILL SERGEANT: Venturex Resources (ASX: VXR) informed the market regarding progress from an RC drilling program being conducted at the company’s Kangaroo Caves zinc-copper prospect in the Pilbara region of Western Australia.

The Kangaroo Caves prospect is located approximately seven kilometres southeast of Venturex’s Sulphur Springs copper-zinc deposit.
 
The RC drilling program at Kangaroo Caves has intersected zinc-copper mineralisation with results from first eight holes of the 19-hole program including:

15 metres at 0.3 per cent copper, 6.99 per cent zinc, 0.21 per cent lead, 31.5 grams per tonne silver, 0.12 grams per tonne gold;

6m at 0.62 per cent copper, 9.3 per cent zinc, 0.19 per cent lead, 7.3g/t silver, 0.06g/t gold and 4m at 2.61 per cent copper, 0.79 per cent zinc, 0.19 per cent lead, 2.8g/t silver, 0.02g/t gold; and

6m at 0.09 per cent copper, 4.89 per cent zinc, 0.09 per cent lead, 5.1g/t silver, 0.02g/t Au and 5m at 3.97 per cent copper, 0.15 per cent zinc, 0.01 per cent lead, 3.3g/t silver, 0.01g/t gold.

 

Kangaroo Caves drill hole location and existing Mineral Resource outline. Source: Company announcement

 

“These high grade intersections have enhanced our understanding of the complex deposit geometry and significantly extended the zone of higher copper grades in the Kangaroo Caves area,” Venturex Resources managing director Michael Mulroney said in the company’s announcement to the Australian Securities Exchange.

“We are working on revising our geological model ahead of planning a further drilling program to test the deeper levels of the mineralised system prior to incorporating Kangaroo Caves into the planning for the Sulphur Springs development.”

Venturex  said it anticipates receiving assays for the remaining holes in the program over the next two to three weeks.

The company has commenced work on revising the interpretation of the Kangaroo Caves resource model in preparation for the next drilling program.