Australia

Venus Metals begins diamond drilling at Vidure following significant copper, nickel hits

Venus Metals Corporation Limited (ASX:VMC) has revealed initial positive results from Phase 1 drilling at the Vidure Copper-Nickel-PGE Prospect in WA.

The Vidure prospect is part of the company's Youanmi Base Metals Project and is within the Youanmi tenement holdings.

Location of Vidure copper-nickel prospect on Youanmi regional aeromagnetic image

The reverse circulation (RC) drilling program consisted of four inclined holes (VDRC001-VDRC004) that partially tested four recently identified electromagnetic (EM) targets near the historical Vidure prospect.

Holes VDRC001 and VDRC002 both intersected copper-nickel mineralisation extending the Vidure West mineralisation towards the north.

Mineralised zones include (0.1 % copper cut-off):

  • VDRC001: 10 metres at 0.46% copper, 0.25% nickel from 103 metres, including 1 metre at 0.89% copper, 0.33% nickel from 104 metres;
  • VDRC002: 22 metres at 0.28% copper, 0.14% nickel from 102 metres.

VDRC003 intersected an extensive zone of PGE (platinum and palladium) enriched disseminated nickel-copper mineralisation at shallow depth:

  • VDRC003: 38 metres at 0.78 g/t PGE, 0.16% copper, 0.25 % nickel from 20 metres, including 12 metres at 1.32 g/t PGE, 0.17% copper, 0.37% nickel, from 45 metres.

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