Venus/Rox on gold hunt near Youanmi

By Matt Birney

28/05/2019 - 13:17

Bulls N' Bears Announcements

Venus Metals and Rox Resources have kicked off a 1200 metre RC drilling program targeting shallow high-grade gold mineralisation at the Currans North and Red White and Blue Middle Workings prospects of their Currans Find JV mining lease south of Youanmi, WA. The partners are also planning to carry out shallow RC drilling at the Taylor’s Reef discovery where recent work uncovered strongly gold-mineralised vein quartz.

Venus Metals and Rox Resources have kicked off a 1200 metre RC drilling program at their prospective Currans Find JV mining lease south of Youanmi, WA.

Drilling will focus on shallow high-grade gold mineralisation identified in historical drilling and interpreted down-plunge extensions at the Currans North and Red White and Blue Middle Workings prospects.

Results of up to 3 metres grading 9.17 grams per tonne from 46m down-hole, including 1m @ 22.7g/t gold from 47m, were previously recorded from the mining lease.

The partners are also planning to carry out shallow RC drilling at the Taylor’s Reef discovery where recent shallow excavation and trenching uncovered strongly gold-mineralised vein quartz.

The Currans Find JV agreement covers a historical, three square kilometre mining lease that produced just over 6,000 tons grading nearly half an ounce to the ton gold in the early 1900s.

Venus Metals and Rox Resources are jointly earning a 45% stakeholding in this tenement and the nearby Pinchers mining lease, whilst Mr Doug Taylor retains a 10% interest in the ground.

Currans Find is near Spectrum Metals’ recent high-grade gold find at Penny North and is contained in the same rock sequences as that prospect, the Penny West gold mine and the Columbia-Magenta gold prospect, also on Spectrum’s ground.

Historical production of 6,874 tons at an average grade of 13 grams per ton gold was recorded at the Red White and Blue prospect.

Venus noted that high-grade gold mineralisation at the JV project could be associated with ultramafic rocks and that there is a similar structural control on ore lodes mined at the Penny West deposit to its gold prospects on the Currans Find mining lease.