Venus Metals continues to identify high-grade mineralisation
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
Impressive drilling results released today by Venus Metals Corporation Ltd (ASX:VMC) could see the company’s shares start to recover some of the ground lost in recent weeks as they retraced after surging in July/August.
In recent months they have run on the back of promising exploration results, and today’s news builds on similar data that triggered a doubling in share price between mid-June and early August.
Bonanza-grade gold intersections had previously been reported from Stage 1 and 2 reverse circulation drilling at the Currans Find North Prospect between June and August.
It was arguably just a combination of volatile equity markets and profit-taking that saw a retracement in the company’s share price, and it wouldn’t be surprising to see a recovery.
Today’s Stage 3 results confirm the presence of two stacked lodes at Currans North and show an increase in gold grade and width in the Upper Lode as indicated below in drill holes CFRC47 and CFRC46 (see western margin).
Results build on prior Bonanza grade the sections
The results also demonstrate that the gold mineralization remains open at depth and down plunge.
Multi-element analyses of high-grade gold intersections from this and previous drilling by the company have been completed.
This work has identified a distinct geochemical signature that will be used to target similar lodes elsewhere within the Currans Joint Venture mining lease and the adjoining Venus Joint Venture exploration licences.
These results build on stunning bonanza grade gold intersections identified in stage I and II drilling as outlined below.
Stage 4 drilling to test down plunge
Gold mineralization at Currans Find, often of very high grade, is hosted in multiple east north-east trending quartz veins within mafic, ultramafic and intermediate rocks.
These rock types are also host to the Penny West and Columbia–Magenta deposits south of Currans Find.
Stage 4 reverse circulation drilling is planned to test the down-plunge extension of the stacked high-grade gold lodes at the Currans North Prospect, and explore down-plunge and along-strike at the Red, White and Blue Workings.
Stage 4 RC drilling will also test other new targets based on historical drill data within the mining lease, as well as any potential targets generated by the IP geophysical survey.
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
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.
