Venus starts drilling at highly prospective Currans Find

By Trevor Hoey. Published at May 28, 2019, in Mining

Venus Metals Corporation Ltd (ASX:VMC) has commenced a 1200 metre reverse circulation (RC) drilling programme at the Currans Find Prospect, part of the Youanmi Gold Project in Western Australia.

The initial RC programme is expected to be completed by early June with drilling focusing on shallow high-grade gold mineralization in historical drilling and interpreted down-plunge extensions at the two main gold prospects, ‘Currans North’ and ‘Red White and Blue Middle Workings’.

To provide perspective, the broader Youanmi Gold Project is shown in the first diagram while the second focuses on the areas where drilling will be undertaken.

Figure 1Figure 2

In addition, shallow RC drilling is also planned at the Taylor’s Reef discovery where recent shallow excavation and trenching uncovered strongly gold-mineralized vein quartz.

A purchase agreement has been entered into with Murchison Earthmoving & Rehabilitation Pty Ltd (MER), a wholly-owned company of Doug Taylor, to acquire jointly with Rox Resources a combined 90% interest in ML 57/641 “Currans Find” of 300 hectares and a combined 90% interest in ML 57/642 of 59 hectares “Pinchers”.

The 90% interest is shared equally between Venus and Rox, with the remaining 10% held by Taylor with Venus managing the joint ventures.

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