Venus Metals Corporation Limited ( (AU:VMC) ) has issued an update.
Venus Metals Corporation Limited announced an update on its Sandstone Gold Project at Bellchambers, highlighting the completion of field work and preparation for a reverse circulation drilling program. Initial results from bottle-roll analysis showed promising gold recovery rates, and rock chip sampling identified several prospective areas for additional gold mineralization. The company plans further exploration with 14-16 reverse circulation holes to upgrade mineralization categories and an additional 26 exploration holes to test for new gold resources, with drilling expected to commence in late April.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an Australian company with a diverse portfolio of exploration projects focusing on gold, copper, base metals, lithium, titanium, and vanadium in Western Australia. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder of Rox Resources Limited.
YTD Price Performance: 57.14%
Average Trading Volume: 185,740
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$21.57M
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