Venus onto new gold & nickel targets in Goldfields
Thewest - Venus Metals has lodged four new tenement applications about 50 kilometres northwest of Menzies in Western Australia and it has identified some interesting gold and nickel targets by conducting a historical data review at the project. The project is nestled on the boundary between the revered Youanmi and Kalgoorlie Terranes in the central section of the Yilgarn Craton.
Venus says that the Snake Hill prospect is a high priority target that looks to be just about drill ready. It has scatterings of artisanal workings and a historical rock chip sample that returning grades up to 5.1 grams per tonne gold. It also has a soil anomaly running 500 parts per billion gold which begs the question, where is the source ?
At Snake Hill, Venus said that a geological feature has been interpreted from aeromagnetic data that may be similar to the host rocks at the Bottle Creek gold mine that was operated by Norgold Limited between 1987 and 1988 with head grades ranging from 2.8g/t to 3.5g/t and average gold recoveries of 92% in a CIP circuit.