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Venus Metals announces Heli EM survey commences at Greenbushes East VMS Project

Mining News - Published on Wed, 19 Sep 2018

Image Source: ABN Newswire
Venus Metals Corporation Limited announced the commencement of a high-resolution helicopter-borne electromagnetic survey (HEM) using NRG's Xcite(TM) Airborne Electromagnetic System over the southeast of its 100% owned Greenbushes Volcanogenic Massive Sulphide Base Metals Project, Western Australia. The HEM Xcite(TM) survey will be flown by New Resolution Geophysics (NRG(TM)) and is expected to be completed in September.

Highlights:
- Large untested aeromagnetic high within Venus tenements, located along strike of Venture Minerals Limited's recent Thor VMS-style discovery(see note 2) to the southwest.
- Anomalous Cu and Zn in soil and a gravity high based on historical company reports(see note 4) coincide with an aeromagnetic high located in the Venus tenement on strike from Venture Minerals' recently announced VMS trend.

Mr Matthew Hogan MD of Venus Metals said that "We are extremely confident that the geological setting on the Company's Greenbushes tenement may be conducive to hosting VMS-style base metals mineralization similar to that announced and confirmed by Venture Minerals. Our current geophysical survey is designed to identify potential drill targets in this highly prospective terrain."

Source :

Posted By : Rabi Wangkhem on Wed, 19 Sep 2018
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