Venture Minerals begins maiden Kulin drilling after trenching confirms large gold system

Venture Minerals begins maiden Kulin drilling after trenching confirms large gold system

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Venture Minerals Limited (ASX:VMS) has recently completed a trenching program that delivered substantial mineralised intervals of up to 31 metres at 1.0 g/t gold and 20 metres at 0.6 g/t at the 100% owned Kulin Gold Project in Western Australia. The project is in an emerging gold province, host to major gold deposits such as 30 million ounces Boddington, which is currently Australia’s second-largest gold producer, Edna May 2.2 million ounces Katanning 1.2 million ounces and Tampia 0.7 million ounces. Encouraged by the trenching results, the company has started its maiden diamond drilling program at the project to test multiple gold targets beneath the broad mineralised trenches. “Looking forward to generating drill results” Venture’s managing director Andrew Radonjic said: “The company is looking forward to generating drill results from Kulin in the coming weeks following the completion of its maiden diamond drilling program. “Venture will then immediately follow on with the continuation of drilling at its priority exploration Project at Golden Grove North, as it looks to target extensions to the recent drill intersections of up to 7% zinc, 1.3% copper and 2.1 g/t gold at Orcus and other newly identified, strong EM conductors situated along the VMS Target Zone. “This new phase of exploration in Western Australia is poised to generate significant news flow for shareholders over the coming months.” Mineralised gold zones The trenching program was completed over some of the high order gold in soil anomalies at Kulin, and delivered substantial mineralised intervals of 41 metres at 0.8 g/t gold including 31 meters at 1.0 g/t and 20 metres at 0.6 g/t within mostly saprolitic granite. These broad strongly mineralised gold zones in the trenches, not only confirm the soil anomalies but also suggest there is potential for intersecting broad zones of gold mineralisation at depth which the current diamond drilling program (in progress) is designed to test. After completing this initial diamond drilling program at Kulin, the recently contracted rig with a minimum 3,000-metre commitment will head to Golden Grove North. It will target both extensions to the Orcus sulphide system as well as complete maiden drill holes, to test many other strong EM conductors along the five kilometres long VMS Target Zone.

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