Venus Metals Uses CSIRO Hyperspectral Study to Pinpoint New Gold Targets at Bellchambers

Venus Metals Corporation Limited ( (AU:VMC) ) just unveiled an announcement.

Venus Metals Corporation has reported the completion of a detailed mineralogical and hyperspectral study by Australia’s national science agency, CSIRO, at its Bellchambers Gold Project in the Sandstone region of Western Australia. The work, carried out under the CSIRO Kickstart program, integrated satellite hyperspectral imagery, HyLogger-3 drill-core scanning and surface spectral measurements to map alteration mineralogy associated with gold along the Bellchambers–Range View corridor. The study identified a well-developed vertical regolith profile and confirmed an association between gold mineralisation and Fe‑rich chlorite, which was then upscaled to satellite data to map new Fe‑rich chlorite anomalies across the tenement, including in areas with no historical drilling. By distinguishing in-situ from transported regolith and highlighting unexplored anomalous zones that will now be field‑checked and incorporated into updated regolith and structural models, the program provides a robust framework to refine Venus Metals’ exploration targeting at Bellchambers and could enhance the project’s discovery potential and future development prospects.

The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.22 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 mineral exploration company with a broad portfolio of gold, copper, base metals, lithium, titanium and vanadium projects across Western Australia. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder in Rox Resources Limited, positioning it as a diversified player in the state’s resources sector.

Average Trading Volume: 710,537

Technical Sentiment Signal: Buy

Current Market Cap: A$42.48M

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