Venture Minerals (ASX:VMS) has released the latest results from drilling at its Jupiter Project which the company says confirm high-grade rare earths mineralisation over the entire 40km2 target.
The 246-hole, 14,370m aircore drilling program, which was completed in April 2024, returned peak intercepts including 8m @ 5,716 parts per million (ppm) total rare earth oxides (TREO) from within a broader 32m @ 2,177ppm.
Other peak intercepts included 8m @ 4,298ppm from within 31m @ 2,636ppm, and 16m @ 3,526ppm from within 44m @ 2,195ppm.
Managing Director Philippa Leggat says Venture Minerals is seeing “remarkable consistency between drill holes over what is a very large mineralised system”.
According to Venture Minerals, the high-value magnetic rare earths make up around 30% of the total rare earths at Jupiter, which is located in Western Australia.
The main magnet rare earths are neodymium, praseodymium, dysprosium and terbium.
The drill results also show very low levels of uranium and thorium.
Venture Minerals will be presenting at the upcoming Vertical Events 2024 Gold Coast Investment Showcase, being held on 19 and 20 June at the JW Marriott Gold Coast Resort & Spa in Queensland.
Mining.com.au is a media partner of this year’s event. To register for free click here.
Write to Angela East at Mining.com.au
Images: iStock
