viewVenus Metals Corporation Ltd

Venus Metals Corporation commences 5,000-metre drill program

Drilling is targeting a coincident magnetic, electromagnetic and geochemical anomaly nearby to the historical Penny West gold mine.

Venus Metals Corporation Ltd - Venus Metals Corporation commences 5,000-metre drill program
Historical drilling in the target area is very limited

Venus Metals Corporation Ltd (ASX:VMC) has commenced an aircore drill program targeting an area within the Penny West shear zone within the Youanmi Gold Project in Western Australia.

The aircore drilling program in conjunction with its joint venture partner Rox Resources Ltd (ASX:RXL) is expected to be completed by late August 2019.

The target is north of the historical Penny West gold mine and also the Penny North gold discovery made by Spectrum Metals Ltd (ASX:SPX) in March 2019.

The discovery by Spectrum has been a major catalyst for the Spectrum share price with it running from 2.5 cents to 12 cents over the past month.

Aircore drilling at this target follows recent stage two drilling at the Currans Find North prospect, also within the Youanmi Gold Project.

Quick facts: Venus Metals Corporation Ltd

Price: 0.24 AUD

Market: ASX
Market Cap: $36.26 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Venus Metals Corporation Ltd named herein, including the promotion by the Company of Venus Metals Corporation Ltd in any Content on the Site,...



Kavango Resources' Mike Moles talks 'breakthrough' from new report on KSZ

Kavango Resources PLC's (LON:KAV) Mike Moles speaks to Proactive London's Andrew Scott following an update on its Kalahari Suture Zone prospect. An independent consultant’s report has confirmed two further characteristics of the geology of the project that are shared by the Norilsk deposits in...

1 day, 5 hours ago

2 min read