Venus Metals Reports Strong Gold Results at Bellchambers-Rangeview Project
Venus Metals Corporation (ASX: VMC) has announced encouraging gold results from its recent reverse circulation (RC) drilling program at the Bellchambers Gold Deposit and Rangeview prospects, located 23 kilometers south of Sandstone in Western Australia.
Significant High-Grade Gold Intercepts Strengthen Resource Potential
The company completed a 34-hole RC drilling program totaling 1,749 meters across both prospects, with multiple significant gold intercepts that confirm and expand the known mineralisation. Standout results include:
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Bellchambers:
- 29m @ 1.55 g/t Au from 11m (25BRC4)
- 30m @ 1.72 g/t Au from 45m (25BRC5)
- 19m @ 3.74 g/t Au from 11m (25BRC6), including 1m @ 38.30 g/t from 22m
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Rangeview:
- 9m @ 1.12 g/t Au from 17m (25BRC20)
- 13m @ 1.60 g/t Au from 19m (25BRC31)
- 18m @ 1.24 g/t Au from 47m (25BRC32), including 1m @ 11.50 g/t from 62m
These results reinforce the potential of the Bellchambers deposit, which already hosts a Mineral Resource Estimate (MRE) of 722,000 tonnes at 1.31 g/t Au for 30,500 ounces.
Resource Upgrade and Mine Development Pathway
The recent drilling program was specifically designed to confirm and infill key areas of known mineralisation at Bellchambers, with 17 RC holes (1,034 meters) drilled within the existing resource envelope. At Rangeview, an additional 17 holes (715 meters) were completed to follow up on previous anomalous results.
According to Venus Metals, the intersections were in line with expectations and have further defined the known gold mineralised areas. The company expects to finalise an updated Mineral Resource Estimate within the next two months, with portions of the indicated resource at Bellchambers likely to be elevated to the measured category, particularly focusing on the near-surface oxide mineralisation.
"The recent drilling results confirm our understanding of the Bellchambers deposit and provide a clear pathway toward potential mine development," said Venus Metals' management. "With the resource update expected soon, we're moving closer to advancing this asset."
Understanding the Bellchambers Gold System
The gold mineralisation at Bellchambers and Rangeview is related to quartz veining and sulphide accumulations within a strongly sheared package of banded iron, cherts, high magnesium basalts, and minor ultramafic units. The oxidation zone extends to approximately 45-50 meters vertical depth, which is significant for potential mining operations.
What is a Mineral Resource Estimate (MRE)?
A Mineral Resource Estimate is a formal calculation of the quantity and grade of mineralisation present at a deposit. It classifies resources into measured, indicated, and inferred categories based on the level of geological knowledge and confidence.
For investors, the progression from inferred to indicated to measured categories represents increasing geological confidence and decreasing risk. Venus Metals' potential upgrade of portions of Bellchambers from indicated to measured would reflect higher confidence in the resource, potentially reducing mining risk and improving project economics.
Next Steps and Development Timeline
Venus Metals has outlined several immediate next steps to advance the Bellchambers project:
- Collection of representative samples from the recent drilling for metallurgical test work to confirm expected gold recoveries
- Commencement of a diamond drilling program at Bellchambers in the coming month to provide additional samples and data for development options
- Finalisation of an updated Mineral Resource Estimate within the next two months
The company also benefits from an existing mine gate sale agreement with Rox Resources Ltd, providing a potential treatment option for the Bellchambers deposit material once mining commences.
Investment Thesis: Why Venus Metals Deserves Attention
Venus Metals presents a compelling investment case based on several key factors:
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Resource Growth Potential: The current Bellchambers resource of 30,500 ounces at 1.31 g/t Au appears poised for potential expansion and upgrade following the recent successful drilling program.
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Near-Term Development Pathway: With metallurgical testing, diamond drilling, and a resource update all planned in the near term, Venus is rapidly advancing Bellchambers toward potential development.
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Strategic Asset Portfolio: Beyond Bellchambers, Venus holds a significant and diverse portfolio of Australian exploration projects across gold, copper, base metals, lithium, titanium, and vanadium in Western Australia.
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Royalty Income: The company owns a 1% royalty over the Youanmi Gold Mine and is a substantial shareholder of Rox Resources Limited, providing additional value streams.
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Processing Solution: The existing mine gate sale agreement with Rox Resources provides a potential processing solution, potentially reducing capital requirements and accelerating the path to production.
Why Investors Should Keep Venus Metals on Their Radar
Venus Metals represents an attractive junior resource investment opportunity, combining near-term development potential at Bellchambers with significant exploration upside across its diverse portfolio of assets.
The company's strategic position in the Sandstone region, with Bellchambers located just 70km by road from the advancing Youanmi Gold Project, provides operational synergies and regional advantages. The recent Venus Metals gold project results demonstrate both the continuity and high-grade potential of the Bellchambers-Rangeview gold system, with intercepts like 19m @ 3.74 g/t Au highlighting the quality of the mineralisation.
With an experienced management team, multiple potential catalysts in the coming months, and a clear development pathway, Venus Metals offers investors exposure to a gold development story with multiple avenues for value creation. As the company advances toward an updated resource estimate and development studies, increased market attention seems likely.
Ready to Invest in Venus Metals' High-Grade Gold Story?
Venus Metals' impressive gold results at the Bellchambers-Rangeview Project showcase significant potential for resource growth and near-term development. To discover how this ASX-listed opportunity could fit into your investment portfolio, explore their detailed company presentation with the latest project developments and strategic outlook. Click here to download Venus Metals' investor presentation and position yourself ahead of their upcoming resource update.
