Next Investors logo grey

Venus buoyed by recent success at Currans Find


Published 24-APR-2019 08:59 A.M.


1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Venus Metals Corporation (ASX:VMC) has been quick to strike paydirt following the recent negotiation of a purchase agreement to jointly acquire with Rex Resources Ltd (ASX:RXL) a combined 90% interest in two mining leases in Western Australia.

These are the 300 hectare Currans Find lease (ML 57/641) and the 59 hectare Pinchers lease (ML 57/642) with the former being a historical high-grade gold producer and the site of all previous past production at Currans Find.

Consequently, news just released by Venus Metals that the vendor Doug Taylor, who still retains a 10% shareholding in the lease, has identified a near surface untested strongly gold mineralised quartz reef at Currans Find is highly encouraging.

This reef informally named Taylor Reef occurs in an area where little historical drilling has taken place, and it therefore forms a high priority target for the upcoming drilling program.

Traditionally this area has a north-east trending reef, but this new area of mineralisation has a more easterly strike orientation, perhaps indicating that a new zone has been identified.

Drilling of high grade targets imminent

Reverse circulation drilling at Currans North and Currans has yielded high-grade results from relatively shallow depths including 3 metres at 9.2 grams per tonne gold and 1 metre at 6 grams per tonne gold.

There could be share price catalysts on the horizon with management expecting to be in a position to commence a drilling program in about four weeks which will target untested sections of gold bearing lodes.

The broader region is well endowed with high grade gold evidenced by operations at the Youanmi Gold Mine and Penny West deposits which lie to the north and south of Currans Find as indicated below.

Next Investors Image

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.