Venture Minerals Limited (ASX: VMS) announced the commencement of its maiden diamond drilling program at its Kulin project in Western Australia, after the recently completed trenching program over some of the high order gold in soil anomalies at Kulin delivered substantial mineralised intervals of up to 31 metres at 1.0g/t gold.
The company said that its maiden diamond drilling program at Kulin would test multiple gold targets beneath the broad mineralised trenches.
VMS said that it will head to Golden Grove North after the maiden drill program is completed at Kulin, to target both extensions to the Orcus sulfide system, as well as complete maiden drill holes, testing numerous newly identified, strong EM conductors situated along the 5 kilometre long VMS Target Zone along strike to the Golden Grove Zinc-Copper-Gold Mine.
The company’s 100% owned Kulin Project is located in an emerging Western Australian Gold Province, already host to major gold deposits such as Boddington, Edna May, Katanning, and Tampia.
Trenching program at Kulin
VMS had recently completed trenching program at Kulin, over some of the high order gold in soil anomalies. The trenching program delivered substantial mineralised intervals of 41 metres @ 0.8 g/t gold Au (including 31 meters at 1.0g/t Au) from KUT02 and 20 metres @ 0.6g/t Au from KUT04 within mostly saprolitic granite.
The company said that the broad, strongly mineralised gold zones in the trenches, not only confirm the soil anomalies, but also suggest there is significant potential for intersecting broad zones of gold mineralisation at depth.
DD program at Kulin
The company reported that it has now commenced a diamond drilling program for testing multiple gold targets beneath the broad mineralised trenches.
The company said that once it completes the initial diamond drilling program at Kulin, the recently contracted rig with a minimum 3,000 metre commitment, it will head to Golden Grove North.
The company said that at the Golden Grove North, it plans to target both extensions to the Orcus sulfide system as well as complete maiden drill holes, testing a number of the other newly identified, strong EM conductors situated along the 5 kilometre long VMS Target Zone along strike to the Golden Grove Zinc-Copper-Gold Mine.
Venture’s Managing Director said: “The Company is looking forward to generating drill results from Kulin in the coming weeks following the completion of its maiden diamond drilling program. Venture will then immediately follow on with the continuation of drilling at its priority exploration Project at Golden Grove North, as it looks to target extensions to the recent drill intersections of up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and other newly identified, strong EM conductors situated along the VMS Target Zone. This new phase of exploration in Western Australia is poised to generate significant news flow for shareholders over the coming months.”