YOUANMI GOLD PROJECT:
Four Joint Ventures are in place between
OYG JV -30% Venus and 70% RXL: YOUANMI GOLD MINE:
Drilling continued at Youanmi, with diamond and RC rigs operating at the OYG JV.
Known high-grade mineralisation extended at Link Prospect 120m down plunge of the existing resource envelope. The best intersections include RXDD026: 7.25m @ 15.02g/t Au from 315.8m, including 2.9m @ 22.37g/t Au from 320.1m; RXRC410: 3m @ 7.73g/t Au from 186m, within a broader zone of 12m @ 4.46g/t Au from 184m; RXRC409: 3m @ 6.45g/t Au from 236m, within a broader zone of 7m @ 3.56g/t Au from 234m; and RXRC408: 4m @ 6.24g/t Au from 239m. These results demonstrate strong potential for further increases to the Youanmi mineral resource estimate (refer RXL ASX release
High-grade intersection in untested hanging wall area reveals potential for new lode: RXDD022: 4m @ 45.5g/t Au from 341m, including 1.33m @ 129.3g/t Au from 341.75m (new hanging wall zone at Junction) Further high-grade gold intercepts received from infill and extension drilling at Junction: RXDD024: 16m @ 4.22g/t Au from 56m, including 3m @ 16.4g/t Au from 66m and 3m @ 4.1g/t Au from 203m (Junction) RXRC398: 3m @ 15.17g/t Au from 108m and 3m @ 3.35g/t Au from 204m (Junction) (refer RXL ASX release
Recent testwork delivers substantial improvement in gold extraction for Youanmi Deeps. Historical production averaged 86.8% gold recovery, with new testwork improving extraction to 95.6% (refer RXL ASX release
BARRABARRA NORTH Ni-Cu-PGE PROJECT (100% Venus):
Venus' Barrabarra North Cu-Ni-PGE project comprises five exploration licence applications located in the northwest of the Yilgarn Craton, abutting Chalice Mining
HENDERSON GOLD-NICKEL PROJECT (90% Venus):
The recently completed shallow AC drilling identified new gold mineralised zones at the Emerald South and Henderson Bore Prospects. Significant results include: HBAC016 7m @ 1.13 g/t Au from 45m including 1m @ 4.57 g/t Au from 49m; HBAC060 2m @ 2.2 g/t Au from 19m including 1m @ 4.09 g/t Au from 19m. Further reverse circulation (RC) drilling is planned to test the lateral and depth extent of the newly discovered gold mineralisation and to test previously identified gold targets in areas with shallow cover (refer ASX releases 5 July and
MANGAROON NORTH Ni-Cu-Pt-Pd-Au PROJECT (100% Venus):
The Venus Mangaroon North project area abuts
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