Perth-based explorer Venus Metals Company (ASX: VMC) has accomplished a regional geochemistry survey on the Mangaroon North polymetallic mission in Western Australia’s Gascoyne area.
The survey comprised 1500 soil samples collected from throughout the mission, together with new tenements granted in July over a complete of 546 sq. kilometres in an space potential for nickel, copper, platinum, palladium, gold and uncommon earth parts.
Roughly 58 rock chip samples had been additionally collected from gossanous outcrops, pegmatites and quartz veins, and will probably be analysed for platinum group parts, gold, uncommon earth parts and a lithium-caesium-tantalum-niobium suite.
Two of Venus’ tenements at Mangaroon North abut the Mangaroon mission owned by Dreadnought Assets (ASX: DRE) and First Quantum Minerals, focusing on magmatic nickel-copper-platinum-palladium mineralisation related to the mafic-ultramafic Cash Intrusion and the Lumpy’s Discover prospect.
Dreadnought just lately recognized gossanous outcrop over a 1 kilometre strike at Bookathanna Bore within the northern a part of the Cash Intrusion with important rock chip outcomes of as much as 1.0% copper, 0.6% nickel, 0.04% cobalt and 0.3g/t platinum-palladium-gold.
The outcrop is positioned roughly 3km east from one in every of Venus’ tenements.
Venus’ Mangaroon North tenements are reported to comprise a number of northwest trending Narimbunna igneous intrusives (dolerite and gabbro sills) and north-northeast trending Mundine Effectively dolerites, dykes, sills and small intrusions.
These are thought-about highly-prospective for magmatic nickel-copper-platinum-palladium mineralisation just like the Cash Intrusion (Mundine dolerite) at Lumpy’s Discover and extra just lately, at Bookathanna.
The tenements are additionally thought-about potential for gold mineralisation alongside strike of the historic and high-grade Star of Mangaroon underground gold mine, at structural targets alongside shear and fault zones that transect the tenements and alongside strike of historic gold workings.
Throughout a lot of the Gascoyne’s early historical past, there was no authorities assist for prospecting or exploration, ensuing within the Mangaroon area remaining vastly underexplored.
Primarily based on the outcomes of its preliminary sampling program at Mangaroon North, Venus stated it might prioritise potential goal areas for detailed follow-up sampling, floor geophysical surveys and drilling.