Australia

Venus Metals Corporation begins drilling program at Vidure Copper‐Nickel Prospect

Venus Metals Corporation Ltd (ASX:VMC) has commenced a ~1,400 metres reverse circulation (RC) drilling program at the Vidure Copper‐Nickel Prospect within the Youanmi Base Metals Project in WA.

The drilling program will target recently identified four new electromagnetic (EM) targets and drilling is expected to be completed within a fortnight.

Two untested EM conductor targets represent new, high‐conductivity targets (VDEM1 and VDEM2) and are interpreted to be potential extensions to the Vidure massive sulphide mineralisation.

The other two EM Conductor targets represent a potential deep, down‐dip conductor to Vidure (VDEM3) and a strong anomaly located to the northeast (VDEM4).

EM Plate modelling indicates high conductivities (600S‐4000S) and depths ranging from 70 metres to 250 metres below surface.

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

The Youanmi area includes a variety of mineralisation styles and commodities including gold, silver, copper‐zinc, titanium‐vanadium, lithium and nickel‐copper‐ PGEs (platinum group elements).

Update on supreme court proceedings

Further to Venus proceedings against Spectrum Metals, DJ Carmichael, Paul Adams, Davide Bosio and Zebra Minerals in the supreme court, the court has todayRead More – Source