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Venus Metals announces EM Conductors Identified from Greenbushes East HEM Survey

Mining News - Published on Mon, 01 Oct 2018

Image Source: abnnewswire.net
The Directors of Venus Metals Corporation Limited announced that the Xcite HEM survey flown by NRG over its 100% owned Greenbushes East VMS Project was successfully completed. The HEM survey targeted volcanogenic massive sulphides (VMS) similar to the Kingsley VMS discovery (Wheatley prospect) by a JV between Teck Cominco and BHP Billiton in 2007 and the recently announced Thor VMS system discovered by Venture Minerals.

Highlights:
- The preliminary results highlight a number of conductive features that show similarities to the Thor VMS system.
- The EM anomalies are broadly coincident with discrete magnetic anomalies.
- EM anomalies occur proximal to anomalous historical Zn and Cu geochemistry and a historical gravity high (refer ASX release 17 September 2018).

Project background
The Greenbushes East Project comprises exploration licences 70/4810 and 4814, 100% owned by Venus and located in the Balingup Metamorphic Belt. The tenement area is southeast of Talison Lithium's world-class Greenbushes Lithium-Tantalum mine, and Li-Ta exploration has been the focus of Venus' exploration activities to date.

The Xcite survey comprised two blocks flown at 300m line spacing; one block containing 20 flight lines oriented northwest-southeast for a total of 77 line kilometres, the other block containing 4 east-west flight lines for 12 line kilometres.

First pass assessment of the preliminary Xcite HEM results provided by independent geophysical consultants Core Geophysics has outlined three EM anomalies. The preliminary results highlight a number of conductive features that show similarities to the Thor VMS system. Further analysis remains to be completed on the final data, expected to be received in the coming weeks, to confirm these results.

Source :

Posted By : Rabi Wangkhem on Mon, 01 Oct 2018
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