Investors in VentureX Resources (ASX: VXR) would feel mightily chuffed this morning - with the high grade Copper-Zinc-Silver-Gold Intersections encountered at Liberty-Indee Project in the Pilbara, Western Australia.
Assays of massive sulphides intersected at the Evelyn Prospect, (70% Venturex) included:
- 20m @ 3.43% Cu, 6.47% Zn, 65g/t Ag, 1.73g/t Au
- 17m @ 4.16% Cu, 8.7% Zn, 66g/t Ag, 1.03g/t Au
- 15m @ 2.37% Cu, 3.75% Zn, 45g/t Ag, 0.84g/t Au
Drilling has confirmed a high grade lens of mineralisation at least 240 metres in strike length with a true width of up to 16 metres. Importantly, the massive sulphide lens is interpreted to plunge to the north and is open at depth.
However, these results combined with previously identified massive sulphide lens to the north, take the total strike length of economically significant mineralisation to now approximately 400 metres.
Importantly for shareholders, all mineralisation intersected to date is located within 130 metres of surface and likely to be amenable to open pit mining.
The next phase of drilling, expected to commence in August 2009, will focus on depth extensions of known lenses, exploration for additional lenses (particularly south of JER042), and untested gossans, workings and VTEM anomalies located on the interpreted VMS horizon.
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