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VENUS METALS CORPORATION LIMITED - ASX: VMC
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Venus Metals Corporation currently has two inferred JORC resources:
* JORC Compliant Inferred Magnetite Mineral Resource is estimated at 443.9 Million Tonnes @ 30.29% Fe magnetite resource at the Bilberatha Hill project, which is subject to a farm-in/JV with Chinese Shandong Provincial Bureau of Geology & Mineral resources (SDGM) for its Yalgoo Iron Ore Project and
* JORC compliant Inferred Resource has been estimated at 17.9 Mt at an average grade of 28 CPHT for 5,000,000 carats, using a cut-off of 10 CPHT at its Argyle Smoke Creek Alluvial Diamond Project.
A longer term exploration strategy of Venus is on the discovery of world-class/giant ore deposits within 100% owned tenements targeting concealed regions of selected Western Australian Proterozoic Orogens. The company also has 5 super projects being Argyle North, Telfer North, Gawler Carton West, Murchison Base Metals and Copper Hills. The focus of the super projects is for the discovery of world class deposits within concealed parts of the Lower Proterozoic orogenic belts which host the majority of Australia’s giant ore bodies including Argyle (diamonds), Telfer (gold), Olympic Dam (iron oxide copper gold), Broken Hill (base metals) and Mt Isa (base metals, IOCG).
Venus currently has seventeen granted Exploration Licences and eleven Prospecting Licences in Western Australia. It has twenty one pending Exploration Licence applications and forty eight Prospecting Licence applications. Drilling of IOCG targets are in progress and bulk sampling programme at Argyle Smoke Creek Alluvial Diamond project to commence in May 2011.
Mine For
diamond, iron ore, gold, platinum, palladium, copper, base metals
Location of operation(s)
Western Australia
Address
Level 14, BGC Centre, 28 The Esplanade
PERTH, WA, Australia
Phone
(61 8) 9321 7541
Website
http://www.venusmetals.com.au/
Last Updated
2/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
