Venture Minerals confirms potential for large VMS body in maiden drilling at Orcus prospect

Venture Minerals Limited (ASX:VMS) has confirmed a volcanic massive sulphide (VMS) system with assays of up to 7% zinc in its maiden drilling at the Orcus prospect within the Golden Grove North Project in WA. All three holes returned strong zones of VMS mineralisation: ORRC001 – 5 metres at 1.3% zinc, 0.54% copper, 1.1 g/t gold and 7 g/t silver from 59 metres, including 1 metre at 6.1% zinc, 1.3% copper, 0.80 g/t gold and 22 g/t silver from 59 metres; ORRC002 – 2 metres at 4.4% zinc, 0.87% copper, 0.94 g/t gold and 17 g/t silver from 100 metres, including 1 metre at 7.6% zinc, 1.0% copper, 0.17 g/t gold and 20 g/t silver from 101 metres; and ORRC003 – 2 metres at 2.4% zinc, 0.34% copper, 1.0 g/t gold and 4 g/t silver from 152 metres, including 1 metre at 4.2% zinc, 0.47% copper, 1.6 g/t gold and 8 g/t silver from 152 metres. Potential to host a significant VMS body Venture managing director Andrew Radonjic said: “The confirmation of a VMS System with assays of high grade zinc and copper, gold and silver returned from the first drill holes at Orcus suggests that the Golden Grove North Project has the potential to host a significant body of VMS mineralisation. “This early success at Orcus combined with numerous strong EM conductors identified throughout the project delivers the Company an excellent opportunity to deliver on-going exploration success targeting what appears to be a significant VMS system.” Golden Grove North Project - Geological setting with historic rock chip surface sample results, Vulcan geochemical copper anomaly, Gossan Hill historic geochemical copper anomaly and Venture’s priority VMS targets. The drill intersections in ORRC001, ORRC002 and ORRC003, sit predominantly within a chlorite-sericite altered sequence of foliated mafic volcanics which, with multi-element assaying, have confirmed it to be a host for VMS style mineralisation containing high grade zinc and copper sulphides supported by the presence of gold, silver and lead. Venture has confirmed that the large electromagnetic (EM) conductor (over 800 metres long and 600 metres down dip) at Orcus hosts significant VMS style mineralisation, with the company now set to drill test the conductor both along strike and down-dip of ORRC001, ORRC002 and ORRC003. Vulcan, Vulcan West, Vulcan North and Orcus priority VMS Drill Targets on a geological interpretation map with MLEM conductor models, maximum zinc in drill holes and copper in soil contours. In addition to the Orcus EM conductor and subsequent to the above drilling, the company has completed the Moving Loop EM survey and identified a number of new, strong EM conductors within the Vulcan area that extend over several kilometres of strike. A diamond drill rig has now been contracted to target both extensions to the Orcus sulphide system as well as complete maiden drill holes testing a number of the other newly identified, strong EM conductors situated along the 5 kilometre long VMS Target Zone akin to the Scuddles-Gossan Hill area at the Golden Grove Mine along strike to the south of the project.