Venus Metals identify high grade zinc
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
An announcement on Thursday morning by Venus Metals Corporation (ASX:VMC) that the company had identified thick high-grade zinc mineralisation at shallow depths at its Pincher Well zinc-copper prospect resulted in the company’s shares surging 25%.
It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.
The Pincher Well Volcanogenic Massive Sulphide (VMS) trend is located 600 kilometres north-northeast of Perth and forms part of VMC’s Youanmi gold and base metals project. The tenements hosting the trend are situated 15 kilometres south-west of the Youanmi gold mine and processing plant.
As there are historical and ongoing mining operations in the region, including those at Windimurra and Sandstone, the region is well serviced in terms of infrastructure.
As illustrated below, the trend covers more than 5 kilometres of strike and hosts a number of known zinc and copper prospects including the Linda and Franca Gossans PW17 zinc discovery and a substantial body of zinc mineralisation at North Dome.
Drill results included 10 metres at 7.31% zinc from 52 metres including 6 metres at 9.5% zinc from 55 metres. There were other impressive intersections including 7 metres at 4.2% zinc and 10 metres at 5.1% zinc.
Reconnaissance drilling confirmed the presence of significant thick, shallow,’ up-dip/plunge’ extensions to the south of the known North Dome zinc-copper mineralisation.
Importantly, mineralisation remains open along strike and at depth and appears to be projecting to surface to the south towards the ‘Linda Gossan’.
Management prepares to ramp up exploration
In view of the highly promising nature of these results, VMC is undertaking an accelerated exploration program which will include additional geophysical surveys and drilling in order to continue to delineate the high grade zones of zinc mineralisation along the highly prospective southern extensions of the prospect.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.