West Australian 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 drill results from the Youanmi Gold Project.
During 2020-2021, Venus Metals Corporation Limited (ASX:VMC) carried out exploration activities on its diverse portfolio of projects focusing mainly on Gold, Base Metals and PGE.
Venus Metals Corporation Limited (ASX:VMC) Quarterly Activities Report
Quarterly Activities and Cashflow ReportPerth, July 29, 2021 AEST (ABN Newswire) - Venus Metals Corporation Limited s (
ASX:VMC) activities conducted during the quarter ending 30 June 2021 include and highlight the following:
Four Joint Ventures are in place between VMC and Rox Resources Ltd (RXL):
OYG JV (Venus 30%; RXL 70%), VMC JV (Venus 50%; RXL 50%), Youanmi JV (Venus 45%; RXL 45%) and Currans Find JV (Venus 45%; RXL 45%)
OYG JV -30% Venus and 70% RXL: YOUANMI GOLD MINE:
- Youanmi Total Mineral Resources increased by 466 koz (+39%) to 1,656 koz of contained gold (Au). Near Surface Resource increased by 50% to 800koz Au in total. Deeps Resource shows impressive growth (+30%) to 856koz Au with high grades preserved (7.9g/t Au resource average). Grace Maiden Resource defined to contain 109koz of contained gold at 7 g/t Au with upside potential remaining.
Venus Metals Corporation Limited (ASX:VMC) Substantial 39% Increase to Youanmi Gold Resource to 1 7Moz Au abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.