Venus Metals Corporation Ltd.'s activities conducted during the quarter ending 30 June 2019 include: YOUANMI GOLD PROJECT Bonanza Gold Grades at Currans Find North: - The RC drilling at both Currans Find North and Red White and Blue Reef prospects demonstrates continuity of high-grade gold mineralization along strike and, particularly, down plunge. High-grade gold values appear to form clusters within broad envelopes of [...]
The Directors of Venus Metals Corporation Ltd. are pleased to announce the appointment of Mr Peter Hawkins as a Director of the Company effective at the close of business on 31 July 2019. Mr Hawkins will be taking over as Non-Executive Chairman from Mr Alan Birchmore AO who has resigned. The appointment follows successful progress in Venus, including the recent settlement of the Youanmi Gold Mine acquisition which has [...]
Venus Metals Corporation Ltd. announce that Lepidico has advised that they will not be proceeding with the farm-in over the Youanmi Lithium Project Tenement, meaning it will not exercise its option under the Option Agreement to proceed with the farm-in. Lepidico has confirmed to Venus that: - the two RC drilling programs Lepidico completed over the Tenement during the last 12 months demonstrate the prospectivity of the [...]
Venus Metals Corporation Ltd. in conjunction with Rox Resources Ltd is pleased to announce the commencement of a c. 1,600m reverse circulation drilling program at the Youanmi Gold Project, Western Australia . The drilling program will explore the Currans North Prospect and other targets , and is expected to be completed by the end of July. *All figures in link below. At the 'Currans North' prospect, RC drilling of c [...]
Venus Metals Corporation Ltd. in conjunction with Rox Resources Ltd has reported the discovery of significant high-grade gold intersections from its recent RC drilling program at the Currans Find Joint Venture gold project, part of the Youanmi Gold Project, Western Australia . Assay Highlights: 1m @ 72.67 g/t Au in hole CFRC16 from 39m within a wider intersection of 3m @ 27.5 g/t from 39m 1m @ 25.38 g/t Au in hole CFRC14 [...]
Venus Metals Corporation Ltd. announces major drilling program at the Youanmi Gold Mine and regional exploration drilling to commence in early July. HIGHLIGHTS - Venus Metals receives $2,550,000 from Rox Resources Ltd and has been issued 25,000,000 ordinary fully paid shares in RXL. - VMC exercises two options to complete the acquisition of the Youanmi Gold Mine . - Following the settlement of the acquisition of the [...]
Venus Metals Corporation Ltd. announces wide gold intersections have been obtained from recent RC holes drilled at the Bell Chambers Gold Project near Sandstone, WA. HIGHLIGHTS - Two holes for 156m were completed and results include: BCRC 106 27m @2.72 g/t Au from 27m BCRC 107 64m @1.7g/t Au from 10m - The holes were drilled to provide geological and assay confirmation for the inferred JORC 2012 resource 340,000 tonnes [...]
Venus Metals Corporation Ltd. announced a JORC 2012 Measured, Indicated and Inferred Oxide Resource of 134 million tonnes grading 0.34% V2O5, 6.27% TiO2 and 21.33% Fe . Vanadium pentoxide recoveries of up to 81.8% have been achieved using beneficiation and sulphuric acid leach of crushed oxide samples . VMC is now expanding the metallurgical research to examine the recovery of all three valuable components of iron [...]
Venus Metals Corporation Ltd. in conjunction with Rox Resources Ltd is pleased to announce the results of an initial reverse circulation drilling programme at the Currans Find Joint Venture gold project, part of the Youanmi Gold Project, Western Australia . - Significant intersections from shallow RC drilling at Currans Find Project include: Currans Find North CFRC016 6m @ 9.82g/t Au from 36m CFRC014 4m @ 5.72g/t Au from [...]
Venus Metals Corporation Ltd. announces $2.5million sale for the Company's 50% interest in the Yalgoo Iron Ore project signed with FI Joint Venture Pty Ltd . - FIJV is an Australian company ultimately controlled by a major Engineering, Procurement, and Construction contractor with over three decades' experience in the iron ore sector and expert knowledge of the magnetite iron ore concentrate process, headquartered in [...]
Venus Metals Corporation Ltd. in conjunction with Rox Resources Ltd is pleased to announce the commencement of a c. 1,200 m reverse circulation drilling programme at the Currans Find Prospect, that is part of the Youanmi Gold Project. This initial RC programme is expected to be completed by early June. Drilling will focus on shallow high-grade gold mineralization in historical drilling and interpreted down-plunge [...]
Venus Metals Corporation Ltd. is pleased to advise that following the lodgement of the Company's income tax return for the financial year ended 30 June 2018, it will be issuing a total of $186,888 worth of exploration credits under the Federal Government's Junior Mineral Exploration Incentive scheme to those shareholders and investors who participated in the Company's Share Placement and Share Purchase Plan during the [...]
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