West Australian gold exploration and development company, Rox Resources Ltd. , in conjunction with its joint venture partner Venus Metals Corporation Ltd. , is pleased to report that it has commenced substantial reverse circulation and diamond drilling programs at the Youanmi Gold Project . The 16,000 metre RC drill program and 7,000 metre DD drill program will be ongoing throughout January-April with first drill assay [...]
Venus Metals Corporation Ltd.'s activities conducted during the quarter ending 30 September 2022 include and highlight the following: YOUANMI GOLD MINE : Recently the Scoping Study was completed based on the resource estimate of 27.9Mt at 3.57g/t Au for 3.2Moz Au contained gold. - Scoping Study indicates the Youanmi Gold Project is set to be a high return project with low capital and operating costs against industry [...]
Venus Metals Corporation Ltd. is pleased to announce that it has received firm commitments for 18,000,000 fully paid ordinary shares at a price of $0.12 per New Share to raise up to approximately $2.16 million under a placement to sophisticated and professional investors . The Placement is not underwritten. Investors under the Placement will also receive an unlisted option for every two New Shares issued , with each New [...]
West Australian focused gold exploration and development company, Rox Resources Ltd. , in conjunction with its joint venture partner Venus Metals Corporation Ltd. , is pleased to present key outcomes of a technical and financial study evaluating a development option for the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area . Following a substantial upgrade to the Youanmi underground gold resource in January [...]
Venus Metals Corporation Ltd. is pleased to announce the results of RC drilling programs at its Pincher Well Zinc-Copper Prospect in E 57/1019 that is part of the Youanmi Base Metals Project , and Henderson Lithium-Gold-Nickel Project, both located in the Goldfields Province of Western Australia. Pincher Well Zinc-Lead-Copper-Gold Prospect - Strong gold mineralization encountered at Linda Gossan Prospect: VMC054: 9m [...]
Venus Metals Corporation Ltd. is pleased to announce the results of reconnaissance soil and laterite sampling programs on its tenement E15/1796 located ~60 km east of Marvel Loch. HIGHLIGHTS: - Soil samples ) contain up to 6,092 ppm TREO , including 702 ppm Nd2O3 on and adjacent to bedrock. - Monzogranite bedrock is enriched in rare earth elements . - The analytical results define REE anomalies in soil, laterite, and rock [...]
During 2021-2022, Venus Metals Corporation Ltd. carried out exploration activities on its diverse portfolio of projects focusing mainly on Gold, Lithium, Rare Earths, Base Metals and Vanadium. The highlights of these exploration activities are summarised below: YOUANMI GOLD PROJECT The Youanmi Near Surface Resource increased by 204koz Au to 1,004koz Au. This resource upgrade incorporates 16,000m of additional RC drilling [...]
Venus Metals Corporation Ltd. is pleased to announce the delineation of multiple priority targets at Mangaroon North based on processed remote-sensed ASTER and Sentinel data, geology and regolith maps, ortho-images, and radiometric data. Venus Metals is well positioned with four tenements located adjacent to Mangaroon-Yangibana rare earth mineralised zone. Venus's E09/2541 abuts Hastings Technology Metals Ltd. Yangibana [...]
Venus Metals Corporation Ltd.'s activities conducted during the quarter ending 30 June 2022 include and highlight the following: Limited Investment Farm-In / Joint Venture and Placement: Farm-in and Joint Venture in which IGO Subsidiary can progressively acquire up to a 70% interest in the Bridgetown Greenbushes Exploration Project by incurring A$6,000,000 of exploration expenditure on the Project. IGO Subsidiary will [...]
Venus Metals Corporation Ltd. is pleased to announce that its subsidiary has entered a binding transaction with a subsidiary of IGO Limited regarding exploration and, if warranted, development and mining at its Bridgetown Greenbushes Exploration Project . IGO holds a 49% interest in a global joint venture with Tianqi Lithium Corporation. The joint venture has a 51% interest in the Greenbushes Lithium Mine. HIGHLIGHTS [...]
West Australian focused gold exploration and development company, Rox Resources Ltd. , in conjunction with its joint venture partner Venus Metals Corporation Ltd. , is pleased to report grade control drilling results from the Grace deposit at Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area . Highlights: - Results demonstrate continuity of gold mineralisation and derisk the deposit ahead of future [...]
Venus Metals Corporation Ltd. is pleased to announce the start of Phase 2 Reverse Circulation drilling at its Henderson Project, located ca. 50km northwest of Menzies in the Eastern Goldfields of Western Australia . The drilling will test the depth extension and potential spatial zonation of LCT pegmatites identified from outcrop mapping and sampling, with noticeably Lithiumrich pegmatites present at the Emerald SE [...]