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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an update.
Venus Metals Corporation Limited has reported promising results from its recent reverse circulation drilling program at the Bellchambers Gold Deposit and Rangeview prospects in Western Australia. The drilling, which included 34 holes totaling 1749 meters, aimed to confirm and infill known mineralization areas, resulting in intersections that met expectations. This progress will facilitate an updated Mineral Resource Estimate (MRE) and potential mine development at Bellchambers, with a focus on near-surface oxide mineralization. The company plans to conduct further diamond drilling to support development options.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an exploration company with a diverse portfolio of projects in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder in Rox Resources Limited.
Average Trading Volume: 274,170
Technical Sentiment Signal: Buy
Current Market Cap: A$24.52M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.