The grant is for drilling of gravity anomalies at the DeGrussa North Copper‐Gold Project.
This is significant because if Venus can discover any economic resources within the project, there is the option to feed it through the nearby processing plant.
Prior to drilling, a high‐powered ground electromagnetic (EM) survey is planned to refine drill target locations.
The survey is scheduled to commence as soon as the geophysical survey team becomes available.
Venus and Rox continue exploration work in Youanmi area
Elsewhere, Venus and its joint venture partner Rox Resources (ASX:RXL) remain busy with gold exploration.
Venus has an extensive tenement holding in the Youanmi Greenstone belt in Western Australia and holds exploration rights north and south of the recent discovery near the historical Penny West gold mine.
Spectrum Metals Ltd (ASX:SPX) made a high-grade gold discovery just north of the historical mine.
These are the OYG JV, Venus JV, Youanmi JV and Currans Find JV.