Venus Metals Corporation Limited (ASX:VMC) Youanmi Project Update July 2021
Youanmi Project Update July 2021Perth, July 15, 2021 AEST (ABN Newswire) - West Australian focused gold exploration and development company, Rox Resources Limited (
ASX:RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (
ASX:VMC) is pleased to provide an update on activities at the Youanmi Gold Project, and in particular the high-grade, near surface Grace deposit, located within the OYG JV area (Rox 70% and Manager, VMC 30%).
Aside from its significant investment in drilling the OYG JV has also been conducting a range of activities to evaluate early stage mining opportunities at the near surface, high-grade Grace deposit. This will feed into the broader Youanmi Feasibility Study that has been initiated following the significant resource upgrade for the Youanmi Project (ASX release 23 June 2021). To drive the Feasibility work programs Rox has recently appointed a highly experienced Mine Planning Engineer.