Venus Metals grows gold resource at Sandstone project
在Venus的Sandstone项目钻探，从15米恢复到2.3克/吨，从20米恢复到6米，从2.06克/吨，其中1米恢复到6.14克/吨。
Gold explorer Venus Metals (ASX: VMC) has grown the contained gold resource at its Sandstone Bellchambers project by almost 30%.
The company owns 90% of the asset, which is located 23km southwest of Sandstone in Western Australia and covers most of the historic Bellchambers mining area.
A new JORC resource for Sandstone totals 536,000 tonnes at 1.27 grams per tonne for 21,800 ounces of contained gold.
Of that resource 425,000t at 1.34g/t gold for 18,400oz has been classified as indicated.
According to Venus, this updated resource represents a 58% increase in tonnes and a 29% growth in contained gold.
The resource is underpinned by a recent reverse circulation drilling.
Wider intercepts from this program were 26m at 1.47g/t gold from 79m, including 5m at 2.05g/t gold from 88m; and 20m at 1.41g/t gold from 71m, including 6m at 2.74g/t gold from 82m and 1m at 6.82g/t gold from 85m.
Highest grade intervals included 1m at 9.16g/t gold from 54m, 1m at 7.28g/t gold, and 1m at 6.04g/t gold.
Advancing Sandstone gold project
Venus has planned a stage two RC drilling program to further extend the gold resource at Sandstone.
Additionally, Venus will undertake reconnaissance aircore drilling.
Drilling will test geophysical targets that were identified in an airborne electromagnetic survey.
It will also focus on prospective areas around the Western Ridge – Mickey Well gold trend.
Venus noted this was part of a gold corridor that hosts “significant historical gold mines” including Alto Metals’ (ASX: AME) Bulchina mine and Middle Island Resources’ (ASX: MDI) Twin Shafts/Goat Farm targets.
The Sandstone tenement covers most of the old Bellchambers mining area, where first copper and gold were reported in 1908. The main historic workings in the area at that time were Royal Flush and Range View.
Since then prospector mining has recovered 3,688oz gold at an average grade of 21g/t.
This mining was focused on two main trends – the Rainbow-Georgina and Bellchambers-Range View.