Venus Metals higher on shallow bonanza-grade gold results from Youanmi JV project

Venus Metals Corporation Ltd (ASX:VMC) is encouraged by shallow bonanza-grade infill drilling results returned by joint venture partner Rox Resources (ASX:RXL) from the Youanmi Gold Project in Western Australia.

The best result was 4 metres at 88.81 g/t from 27 metres, including 2 metres at 176.03 g/t at Grace prospect while other bonanza-grade results include 3 metres at 61.27 g/t from 10 metres and 2 metres at 33.53 g/t from 11 metres.

These results are from reverse circulation (RC) drilling designed to infill drilling coverage on the shallow high-grade part of the emerging Grace prospect to facilitate resource estimation.*Shares higher*

Venus Metals shares have been up more than 24% on the news to an intra-day high of 34.5 cents, which is a new seven-year high.

Other results received from the 49 holes include:

· 11 metres at 18.75 g/t from 8 metres, including 3 metres at 61.27 g/t from 10 metres;
· 9 metres at 9.28 g/t from 9 metres, including 2 metres at 33.53 g/t from 11 metres; and
· 4 metres at 7.56 g/t from 17 metres.