Venus Metals Corporation Limited: Quarterly Report for June 2016
28.07.2016 | ABN Newswire
Perth - Venus Metals Corporation Ltd. (ASX:VMC) are pleased to provide the Company's Quarterly Report regarding activities conducted during the quarter ending 30th June 2016, which include:- Poona Lithium Project: Recent sampling at Poona has confirmed the presence high-grade lithium mineralisation within the project area associated with metasomatically altered pegmatites. Results from Poona include rock chips of 2.01% Li2O & 1.54% Rubidium (Rb).
- Greenbushes East Lithium-Tantalum Project in WA: A number of priority target areas have been identified with regional radiometrics showing a zone of potassic enrichment (not dissimilar to the Greenbushes mine itself) which is indicative of underlying intrusive stratigraphy - pegmatites have also been mapped in the area.
- Nardoo Hill Lithium Project: Nardoo Hill pegmatites outcrop over an extensive area and a significant number of rockchip samples returned assays highly anomalous in lithium (up to 0.27% Li2O) ,Niobium and Tantalum including: 42.8% Niobium (Nb) & 13.1% Tantalum (Ta) confirming the potential of the area to host high-grade lithium, Ta and Nb mineralisation.
- Wodgina South (Pilgangoora region) Lithium-Tantalum Project: Recent reconnaissance sampling across three identified target areas has returned a significant number of surface samples hosting anomalous lithium (up to 6567 ppm (0.66%) Li2O & 3134 ppm Rb) associated with pegmatites and their host stratigraphy.
- Curara Well Gold-Diamond-Base Metals Project- Doolgunna Region Company has been awarded a $150,000 grant toward drilling on the Curara Well Gold-Diamond-Base Metals Project at Doolgunna Region, under WA Government Exploration Incentive Scheme Co-funded Exploration Drilling Programme.
To view the report, please visit:
http://abnnewswire.net/lnk/380495E6
About Venus Metals Corporation Limited:
Venus Metals Corporation Ltd. (ASX:VMC) is focused on the exploration and development of its Western Australian Base Metal projects, which are prospective for Copper and Zinc, as well as its precious & specialty metals.
Contact:
Venus Metals Corporation Ltd.
Matthew Hogan, Managing Director
T: +61-8-9321-7541
Kumar Arunachalam, Executive Director
T: +61-8-9321-7541