The Board of Venture Minerals (ASX: VMS) is happy to announce the primary batch of assay outcomes from latest drilling on the 70%-owned, clay-hosted Jupiter Uncommon Earths Mission.
HIGHLIGHTS
The most recent drill outcomes embrace the very best REE intersection up to now, 80 metres at 1,839 ppm TREO1 from 8 metres beneath floor
- Constant high-grade zones proceed with +2,000 ppm TREO over 20-30m widths
- Excessive-grade zones inside broader zones as much as 80m grading properly over 1,000 ppm TREO
- Magnet Uncommon Earth Oxides (MREO2) proceed to common 23% in samples over +1,000 ppm TREO
- Thorium and Uranium persistently stay extraordinarily low
- Outcomes proceed to validate the geophysics over the 40 km2 goal
- These newest drill outcomes embrace 6 of the highest 13 intersections obtained up to now (BRAC091,092,093,096,097,114)
- Drill program brings the drill density all the way down to 500m x 250m spacing throughout the 40 km2 goal
- Assay outcomes symbolize first 59 holes from the lately accomplished 246 Aircore drill program
- Assays outcomes from 187 holes pending
Managing Director, Philippa Leggat, mentioned
“The good intersections simply carry on coming at Jupiter! One other batch of drilling outcomes and one other file clay-hosted REE drill intersection. It’s unbelievable to see infill drilling proceed to ship such constant outcomes, with impressively broad zones of high-grade mineralisation confirmed in hole-after- gap. That is the type of substance that builds a significant undertaking.
“We’ve got an unimaginable workforce engaged on Jupiter, led by skilled geologist Dr Stuart Owen. Dr Natalee Bonnici (ex IGO and Northern Star) is a geo-metallurgist who lately joined our workforce, bringing her specialist expertise to our understanding of the mineralisation at Jupiter. Their work is the inspiration which means our metallurgical work might be carried out on consultant samples. We’re doing the work the precise means, as a result of this undertaking is simply too large and too good to be wasted on short-cuts.
Jupiter’s scale, grade and tier 1 location all play into the strategic nature of this discovery. They infer the unimaginable potential which attracted Nick Cernotta and Tim Lindley to hitch the Board. This potential is the idea for our imaginative and prescient to restructure the Firm to develop into among the best uncommon earths and significant minerals corporations in Australia, whereas delivering significant shareholder worth.”
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