Venture Minerals Limited (ASX: VMS) has confirmed disseminated sulphides were intersected in a reconnaissance drilling programme testing a gold target at the Kulin project in Western Australia.
in 2021, Recent petrography of the result of the 2021 programme has confirmed the mineralisation as being pyrrhotite-pentlandite-chalcopyrite (Nickel-Copper sulphides) with textures consistent with formation from a sulphide melt, confirming the fertility of the Kulin Project to host Nickel-Copper sulphide mineralisation.
The third and final drill hole of the reconnaissance programme intersected gabbro and mafic granulite with these disseminated sulphides now confirmed as nickel-copper bearing, which increases the prospectivity of interpreted mafic-ultramafic intrusive complexes at Kulin to host Nickel-Copper mineralisation.
“The confirmation of Magmatic Nickel-Copper sulphide mineralisation at Kulin significantly raises the prospectivity of the interpreted mafic-ultramafic intrusive complexes at the Kulin Project,” Managing Director, Andrew Radonjic, said.
“With this in mind, the vompany will now focus on identifying EM anomalies coincident with the recently discovered Ni-Cu-PGE geochemical anomalies to generate future drill targets.”
Meanwhile, the company has commenced a 1,339 line kilometre AEM survey using Geotech Ltd.’s Versatile Time-Domain Electromagnetic (VTEM Max) geophysical system over the two highly prospective 20 kilometre long interpreted mafic-ultramafic intrusive complexes and a third maficultramafic intrusive complex (~10 kms long) interpreted in the northern end of the project, all sitting along strike of the Jimperding Metamorphic belt which hosts Chalice’s Julimar Ni-Cu-PGE discovery.
The southern 20km long Ni-Cu-PGE target is defined by aeromagnetic anomalies, coincident with surface sampling containing +500ppm chromium and, +30ppb platinum (Pt) + palladium (Pd) (peak of 60ppb Pt + Pd). The target area also hosts historic shallow reconnaissance drilling with assays up to 0.11 g/t Pt, 0.13g/t Pd, 0.14% nickel & 0.02% cobalt, making this a priority target for Venture. The priority target is located on two tenements, with the northern portion on the Company’s 100% owned E70/5077 and the southern portion on E70/5084, where Venture can earn up to 100%, of which recently the vompany completed the first stage of the earn-in and now has a 51% interest in the tenement.
The AEM survey with Airborne Inductive Induced Polarization (AIIP) processing, will allow Venture to rapidly evaluate a significant part of the Kulin tenement package for massive and disseminated nickel and copper sulphides within the interpreted mafic-ultramafic intrusive complexes, with the aim of identifying EM anomalies coincidental with the Ni-Cu-PGE geochemical anomalies to generate future drill targets.
For further information please visit: https://www.ventureminerals.com.au/
