Venus Metals Corporation (ASX: VMC) has begun another reverse circulation drilling program at its Sandstone gold project in Western Australia with program aiming to firm confidence in the Range View prospect.
Drilling will target the 90%-owned Range View prospect within the project which is 1.5km along strike from its Bellchambers gold deposit which has a resource of 536,000 tonnes at 1.27 grams per tonne gold for 21,800 contained ounces.
Venus noted that a large portion of the resource – 18,400oz – was classified as indicated.
At Range View the program will test the lateral continuation of high-grade gold that was uncovered during reconnaissance drilling late last year.
This program intersected 11m at 4.69g/t gold from 12m, including 1m at 38.92g/t gold from 20m.
Another hole unearthed 8m at 1.22g/t gold from 30m, including 1m at 4.48g/t gold.
These results came from a seven hole for 460m program that targeted historic working at Range View and Western Ridge.
Mineralisation remains open at depth and along strike.
Historic gold workings
Sandstone is 500km northeast of Perth and only 23km from the town of Sandstone in WA.
Venus’ 90%-owned tenement E57/984 which is the Sandstone project covers most of the old Bellchambers mining area.
This area was worked in the early 1900s, with prospectors focusing on Royal Flush and Range View.
Further prospecting in the area led to two main groups forming which were referred to as the Rainbow-Georgina trend and the Bellchambers-Range View trend.
Throughout the years at the tenement, prospectors are believed to have recovered 3,688oz gold from 5,620t of ore with an average grade of 21g/t gold.
Similar setting to other gold deposits
Venus’ theory at the current Range View prospect is that the mineralisation is a potential extension to the Range View gold lodes that were mined in the early 1900s.
Additionally, Range View is hosted in a similar geological setting to Bellchambers, with mineralisation also showing similarities to what Middle Island Resources’ (ASX: MDI) has identified within the central section of its Sandstone Greenstone Belt.
This is about 14km northeast of Range View.