Ventnor Resources (ASX:VRX) has advised that Sandfire Resources (ASX:SFR) has completed a 5 hole reverse circulation drill program at the Thaduna copper project in Western Australia.
Significant results include:
- 5 metres at 3.19% copper and 9.62 grams per tonne silver from 251 metres; and
- 4 metres at 1.53% copper and 1.9g/t silver from 193 metres.
Holes had been planned and selected to target gaps in drill coverage over the main ore body, between known mineralisation intercepts and to test drill methods to keep RC resource definition holes and diamond pre collars at the proposed trajectory.
On 4th December, Ventnor entered into a joint venture agreement with Sandfire on the project located 170 kilometres north of Meekatharra in Western Australia.
At that date Sandfire acquired a 35% interest in the project and management of the JV.
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