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Venus and Rox extend gold discovery at Currans

Mining
ASX:VMC      MCAP $15.74M
04 August 2019 22:58 (AEST)

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Venus Metals and joint venture partner Rox Resources, have reported high-grade gold intercepts at the Currans Find North Prospect.

Results from the stage two drill program at Currans include 3m at 25 g/t Au from 109m including 1m at 57.15 g/t Au from 110m.

These results follow the stage one program which intersected up to 72 grams per tonne of gold.

Within the high-grade intersections, the drilling program found galena (a natural form of lead sulphide) with significant sulphide contents in the RC rock chips. This finding confirms a new gold-sulphide association at the prospect.

The Currans Find North Prospect is found at the Youanmi Gold Project which is located 460 kilometres north-east of Perth, Western Australia. The project is along the Youanmi Greenstone Belt.

The Youanmi Project is comprised of the Youangarra, Penny West, Columbia- Magenta and Currans prospects.

Cancelled GML records show that 6,874 tons were treated at the Red White and Blue battery on site for a recovered average grade of 13 g/t Au.

A follow up RC drilling is scheduled to commence next week and an induced polarisation survey will commence soon to identify further sulphide-rich gold lodges.

Rox Resources gained 9.09 per cent today and is selling shares at 2.4¢. Meanwhile Venus Metals dropped 9.80 per cent and is selling shares at 23¢ per share.

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