Venus Metals Corporation Limited (ASX:VMC) has commenced a 2,500 m RC drilling programme at its Pincher Well Zinc‐Copper Prospect that is part of the Youanmi Base Metals Project, located 600km north‐northeast of Perth, Western Australia.
HIGHLIGHTS:
• Reverse circulation (RC) drilling is targeting a historical strong induced polarisation (IP) anomaly that is located south of previously drilled high‐grade zinc (Zn) mineralisation, e.g., in hole VPW40: 10m @ 7.31% Zn from 52 m including 6m @ 9.5% Zn from 55 m.
• The IP anomaly is in the southern part of the Pincher Dome volcanogenic massive sulphide (VMS) system that hosts several known Zn and copper (Cu) prospects and that has not been adequately tested by Venus’ previous vertical drilling (maximum depth of 130m) (refer ASX release 31 Oct 2017).
• The VMS‐prospective Pincher area was covered by an airborne EM survey as part of the greater Youanmi survey (that highlighted a late channel anomaly coincident with the mineralised envelope at Pincher Well. The EM response is interpreted to be due to sulphide‐rich sediments with potentially higher concentrations of chalcopyrite and pyrrhotite.
• RC drilling will also test two historical electromagnetic (EM) conductors (PWC12 and PWC16) with coincident gravity anomalies that have remained untested at depth.
Venus considers these anomalies prospective for Cu‐Zn VMS mineralisation.
A third historical EM conductor, PWC03, located southeast of North Dome may not have been adequately tested along strike by previous drilling and will be drilled as part of the current RC programme.
For further information please visit: https://www.venusmetals.com.au/
