SANDSTONE GOLD PROJECT RC DRILLING COMMENCES AT BELLCHAMBERS
Carol Forrest

Venus Metals Begins RC Drilling at Sandstone (Bellchambers) Gold Project
Venus Metals Corporation Limited (ASX: VMC) has commenced a reverse circulation (RC) drilling program at its Sandstone (Bellchambers) Gold Project, situated approximately 23km southwest of Sandstone in Western Australia.
Key Highlights:
-
The drilling campaign comprises approximately 2,000 metres across 16-18 RC holes.
-
Aimed at upgrading current indicated mineralisation to measured, and exploring extensions to the existing resource.
-
The Bellchambers gold deposit hosts a JORC 2012 resource of 722,000 tonnes at 1.31 g/t gold, containing 30,500 ounces, with 22,100 ounces in the indicated category.
-
Previous metallurgical testing has shown promising recovery rates:
-
Oxide samples: 86.3% to 92.0%
-
Transition samples: 81.9% to 95.6%
-
Fresh samples: 75% to 90.1%
-
-
Exploration potential is highlighted by previous significant drill results including:
-
11m at 4.69 g/t gold from 12m
-
8m at 1.22 g/t gold from 30m
-
Managing Director Matthew Hogan stated, "This drilling is crucial to our strategy of expanding the gold resource at Bellchambers. The proximity to infrastructure at Youanmi presents a compelling near-term development scenario."
Drilling is expected to take approximately two weeks, with assay results anticipated shortly thereafter. An updated resource estimate and additional metallurgical testwork will follow.
For further information, visit www.venusmetals.com.au.