VENTUREX RESOURCES LTD - ASX: VXR

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Description

Venturex Resources Limited is committed to the identification, acquisition and development of mineral resources that will deliver substantial and sustainable value to Shareholders.

The Company is based in Perth, Western Australia, and listed on the Australian Stock Exchange (ASX Code: VXR). Venturex's principal asset is the Whim Creek VMS Project located in the Pilbara Region of Western Australia. The Company also controls a number of advanced gold projects in Brazil.

Projects - Australia

Venturex’s Australian projects are currently focused on base metals, silver and gold in the Pilbara Region of Western Australia.

The most advanced project is the Whim Creek VMS Project located between Karratha and Port Hedland. The Company's stated strategy is to build Whim Creek into a centralised processing hub for copper-zinc-lead-silver-gold ores in the Pilbara Region.

The Kooline project is located in the Kooline silver-lead field, where there is significant exploration potential for both high grade silver-lead deposits and gold mineralisation.

The Tarrawarra Project, located in the Central Carnarvon Basin, has potential for silver, zinc and lead mineralisation.

Venturex will continue to pursue new opportunities throughout Australia.

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Jatoba Project, Brazil

Jatoba is subject to an outright purchase agreement signed 3rd February 2009, valued at US$150,000. The first instalment was paid 10th March 2009 and balance of US$75,000 is due 18th February 2010. The EL has been transferred to CMGM and the transfer documents have been registered with the DNPM.

Santa Elina, Brazil

The Santa Elina Project is located in the northern part of the Guapore Belt, approximately 30km WSW of the town of Nova Lercerda. The area is approximately 600 kilometres by sealed highway from the capital, Cuiaba. Through its Brazilian subsidiary, CMG Mineracao, Venturex has an option to purchase the fully granted Santa Elina mining lease (9819.44 hectares).

Tanque Fundo Project, Brazil

Tanque Fundo project consists of a single exploration licence and three applications located approximately 50km south-southwest of Cuiaba. The title is strategically located over one of the major mineralised trends in the Cuiaba Basin, the Varzea Grande structure. The surrounding area is completely held by competitor companies. The Varzea Grande trend is an obvious feature on satellite imagery due to the intensity of surface mining which extend over tens of kilometres.

Rio Pombo Project, Brazil

The Rio Pombo project is located in the Alta Floresta Region of central northern Mato Grosso. Three tenements comprise a total area of 3822.26ha. The tenements are located approximately 40km east of the town of Terra Nova do Norte.

Novo Canaa Project, Brazil

CMGM holds five EL applications at Novo Canaa, approximately 100 km west of the Rio Pombo Project, covering an area of 50,000 Ha. Mapping undertaken to date has identified a complex package of Archaean and Proterozoic granite and gneiss in contact with Neo-Proterozoic felsic volcanic, with localised hydrothermal alteration, adjacent to a Meso-Proterozoic graben margin. Regional stream sediment geochemistry has identified two significant anomalies (8.4ppb Au and 2.1ppb Au). Further work will include regional soil sampling, structural mapping and target resolution.

Mine For

silver, gold, zinc, lead, copper, base metals

Location of operation(s)

Western Australia, Brazil

Address

Se 3, Level 1, 127 Cambridge St
WEST LEEDERVILLE, WA, Australia

Phone

(61 8) 6424 9188

Email

Website

http://www.venturexresources.com

Last Updated

20/01/2011