- Venturex (VXR) has unveiled its 2020 drilling program
- The company will drill four holes in August, targeting the Breakers and XA8 prospects
- Venturex drilled at Breakers in 2019, returning 18 metres at 7.75 per cent zinc, 2.03 per cent lead, 0.25 per cent copper and 22.8 grammes per tonne silver
- Meanwhile, the XA8 prospect was identified in a helicopter survey in 2017, and exploration drilling returned 17 metres at 0.66 per cent chromium
- Venturex shares have dipped 1.79 per cent today, trading for 5.5 cents each
Venturex (VXR) has unveiled a new drilling program at the 100 per cent owned Sulphur Springs copper and zinc project in Western Australia.
The junior explorer has scheduled drilling to commence in August, with the program designed to follow up on the 2019 activity that drilled the Breakers prospect on the site.
Venturex will drill an additional two holes at the Breakers prospect, in the northern section of the target. This is about 1.1 kilometres away from the main Breakers anomaly, where the company conducted the lion’s share of drilling in 2019.
In 2019, the Breakers prospect returned results as high as 18 metres at 7.75 per cent zinc, 2.03 per cent lead, 0.25 per cent copper and 22.8 grams per tonne silver.
The 2019 test program marked the first drilling conducted at the Breakers prospect in over a decade.
The company also wants to test the XA8 prospect, which was identified during a helicopter-borne electromagnetic survey in 2017. Since then, the company has conducted some exploration drilling on the prospect.
Results from this activity included 17 metres at 0.66 per cent chromium and 0.33 per cent nickel.
Now, the company intends to drill two holes at the target to test down plunge and along strike, to determine whether the mineralisation intercepted previously extends down and along the anomaly the survey detected.
Venturex Executive Director Anthony Reilly said the company was looking forward to backing up its 2019 drilling performance, which indicated the potential for an emerging base metal discovery in close proximity to the Sulphur Springs deposit.
“Any new discoveries along the Panorama Trend will strengthen our growth pipeline and potentially either extend the life or increase the scale of a future base metal processing centre at Sulphur Springs we are really looking forward to what this next phase of exploration can deliver,” Anthony said.
Venturex shares have dipped 1.79 per cent today, trading for 5.5 cents each at 1:29 pm AEST.