Venus Metals Details Technical Basis for Bellchambers Gold Exploration Target

Venus Metals Corporation Limited ( (AU:VMC) ) has issued an update.

Venus Metals Corporation Limited has provided additional technical information supporting the recently defined exploration target at its Bellchambers gold deposit, clarifying the geological basis, data inputs and assumptions used to comply with JORC clause 17 requirements. The company explains that the exploration target is underpinned by an existing drill-hole database and previously reported Mineral Resource Estimate, with the Bellchambers geological data used to guide but not directly feed into the new target calculations, and outlines parameters such as a 240-metre strike length and depth extension to approximately 250 metres below surface. Venus also details its planned drilling program near the exploration target area, which is designed to test and validate the conceptual target, with results expected to refine the current block model and potentially expand the known resource base at Bellchambers, signalling ongoing efforts to grow its gold inventory at Sandstone.

The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Venus Metals Corporation Limited stock, see the AU:VMC Stock Forecast page.

More about Venus Metals Corporation Limited

Venus Metals Corporation Limited is an Australian exploration company listed on the ASX, focused on gold and other mineral projects, including the Bellchambers gold deposit within the Sandstone region of Western Australia. The company’s activities centre on defining and expanding mineral resources through drilling, geological modelling and compliance with JORC reporting standards to advance its exploration assets toward potential development.

Average Trading Volume: 604,114

Technical Sentiment Signal: Buy

Current Market Cap: A$38.53M

Find detailed analytics on VMC stock on TipRanks’ Stock Analysis page.