Venture to sniff out high-grade REE targets at Jupiter project, WA

Venture Minerals (ASX:VMS) is gearing up to sniff out fresh high-grade REE targets with the rig on-site its Jupiter play.

Drillers will target the central and northern portions of what the company’s geotechs understand to be the underground mineral system.

Grades here have often exceeded 3,000ppm – concentrations above 0.3% – with high priority targets to be hit on a grid 250m x 250m to best improve chances of pinpointing geological morphology.

A number of targets yielding concentrations at over 0.5% are also on the radar in the northern end.

“The completed resource drilling has provided us with valuable data for our maiden resource estimate and highlighted sizeable zones of high-grade mineralisation,” Venture MD Philippa Leggat said.

“Our new drilling program will be focussed on these priority targets as well as testing some of the regional targets in the broader Brothers project surrounding Jupiter.”

VMS last traded at 1.9cps.