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Articles by Venus Metals
Venus locks in JV with IGO at WA nickel-lithium project
Venus Metals and IGO have inked a binding agreement for exploration – and possibly development and extraction – at the pair’s Henderson nickel-lithium project in Western Australia’s Eastern Goldfields region. The deal involves a farm-in and joint venture (JV) in which a subsidiary of IGO can progressively acquire up to a 70 per cent interest in the project by spending $4 million on exploration and reimbursing Venus with $1 million.
Venus hunts for more gold from historical Bellchambers deposit
Venus Metals has its drill bit spinning again, this time at its historical Bellchambers gold deposit, part of the company’s Sandstone project in the WA Goldfields. The campaign follows up a 2020 exploration program that delivered a substantial increase in Bellchambers’ JORC-compliant indicated mineral resource. The new work will target structurally controlled gold mineralisation and will test the depth continuation of mineralisation.
Venus set for drill campaign at Murchison lithium project
Venus Metals has received encouraging assays from ongoing geochemical surveys at its Youanmi lithium project in WA’s Murchison region including highlighting a new target at the company’s Manindi North prospect. The explorer says it received assays of rock chip samples from sub-cropping pegmatites in the area with results of up to 2.11 per cent lithium oxide. Venus Metals is set to embark on a drill campaign at its Youanmi lithium project in the Murchison region of WA.
Venus identifies targets near Penny gold mine in WA
Venus Metals believes the presence of mafic-ultramafic rocks discovered during recent exploration at its Youanmi base metals and lithium projects make the area prospective for gold and base metals mineralisation. The rocks were found along an east-south-east trending structure that comes off the Youanmi shear zone close to Ramelius Resources’ Penny gold mine, about 550km north-east of Perth. Venus Metals is exploring targets east of Ramelius Resources’ Penny gold mine.
High-grade hits for Venus, Rox ahead of gold tally
Junior explorer Venus Metals Corporation and its joint venture partner ASX-listed Rox Resources have encountered more high-grade results ahead of a near-surface resource update at the Youanmi gold project near Mount Magnet in WA. Results from the latest drilling include significant hits up to 1m running 13.44 g/t gold which will feed into a near-surface mineral resource update expected in the next two weeks.
Venus sees stars line up over WA goldfields
Gold and base metal explorer Venus Metals has a new four-kilometre mineralised slice of WA goldfields to hunt following the results from a massive 426-hole, 22 km aircore drilling program at its 50 per cent owned Youanmi Regional JV project. Just weeks ago, Venus and partner Rox Resources, tabled a whopping 1.34 million ounce resource upgrade for the project.
Venus looking to unlock WA lithium
Perth-based Venus Metals’ Henderson project north of Menzies in WA could turn out to be a triple header with the company recently completing a hard-rock lithium sampling and mapping program at the gold and nickel site. A suite of 97 rock samples were bagged during the renaissance trip which sought to review the lithium potential of the company’s landholdings with assays currently pending.
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