Venturex Resources’ Review Identifies Conglomerate Gold Occurences

THE DRILL SERGEANT: Venturex Resources (ASX: VXR) completed a review of previous exploration at the Mays Find prospect, within the company’s Whim Creek copper-zinc project, Project located west of Port Hedland in the Pilbara region of Western Australia.

Venturex Resources said the review had revealed broad gold- in-soil anomalies associated with outcropping basal conglomerate, and armed with such information declared the identification of gold occurrences associated with the Lower Fortescue Group conglomerates.

Venturex identified the gold occurrences during recent field exploration activities, which were supported by the review of historical gold exploration data at Mays Find.

The company explained the historical data is from soil sampling carried out in 2007 by Straits Resources, the previous owner of the Whim Creek project, which collected soil samples over Mays Find as part of a broader exploration program aimed at discovering additional base metal deposits.

These soil samples were collected every 50 metres along 200m spaced lines over a strike length of 5.2 kilometres, then assayed for a range of elements including gold.

Although the assays produced anomalous results of up to 52ppb gold, there was no further commentary or follow-up work undertaken at the time on the gold potential of the area.

“As part of the historical gold review, the company discovered 57 rock chip samples collected from the Mays Find area in 2014 that had not been assayed for gold,” Venturex Resources said in its ASX announcement.

“Many of these samples were described as various sedimentary rocks including conglomerate.

“The laboratory pulps derived from these rock chip samples stored at the company’s Whim Creek project have been retrieved and sent to the laboratory for a gold fire assay.

“The results from this work will be used to determine future exploration methods to be employed to pursue the conglomerate-gold potential at Mays Find.”

Venturex outlined upcoming work to include additional detailed mapping of the conglomerate and sedimentary units as well as stream sediment sampling and in-fill soil and rock sampling along the entire five to six kilometre length of the Mays Find area.

This work will likely be supported by metal detector traverses of the scree slope below the conglomerate outcrops.

Email: admin@venturexresources.com.au

Website: www.venturesresources.com.au