Venus buoyed by recent success at Currans Find

By Trevor Hoey. Published at Apr 24, 2019, in Mining

Venus Metals Corporation (ASX:VMC) has been quick to strike paydirt following the recent negotiation of a purchase agreement to jointly acquire with Rex Resources Ltd (ASX:RXL) a combined 90% interest in two mining leases in Western Australia.

These are the 300 hectare Currans Find lease (ML 57/641) and the 59 hectare Pinchers lease (ML 57/642) with the former being a historical high-grade gold producer and the site of all previous past production at Currans Find.

Consequently, news just released by Venus Metals that the vendor Doug Taylor, who still retains a 10% shareholding in the lease, has identified a near surface untested strongly gold mineralised quartz reef at Currans Find is highly encouraging.

This reef informally named Taylor Reef occurs in an area where little historical drilling has taken place, and it therefore forms a high priority target for the upcoming drilling program.

Traditionally this area has a north-east trending reef, but this new area of mineralisation has a more easterly strike orientation, perhaps indicating that a new zone has been identified.

Drilling of high grade targets imminent

Reverse circulation drilling at Currans North and Currans has yielded high-grade results from relatively shallow depths including 3 metres at 9.2 grams per tonne gold and 1 metre at 6 grams per tonne gold.

There could be share price catalysts on the horizon with management expecting to be in a position to commence a drilling program in about four weeks which will target untested sections of gold bearing lodes.

The broader region is well endowed with high grade gold evidenced by operations at the Youanmi Gold Mine and Penny West deposits which lie to the north and south of Currans Find as indicated below.

View Our Investment Portfolios

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!