Venus Metals Corporation Limited ( (AU:VMC) ) has issued an announcement.
Venus Metals Corporation Limited has completed fieldwork at the Bellchambers gold deposit, part of the Sandstone Gold Project, which includes mapping, rock chip sampling, and preparation for a reverse circulation drilling program. Initial results from bottle-roll analysis show promising gold recovery rates, and rock chip sampling has identified several prospective areas for further exploration. The company plans to conduct a drilling program to convert inferred and indicated mineralization to a higher category and explore additional gold mineralization. This development could enhance Venus Metals’ resource base and strengthen its position in the gold exploration sector.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an exploration company based in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium projects. The company holds a significant portfolio of exploration projects and owns a 1% royalty over the Youanmi Gold Mine, while also being a substantial shareholder of Rox Resources Limited.
YTD Price Performance: 64.18%
Average Trading Volume: 185,740
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$21.57M
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