Secures Two Highly Prospective 20km Long Ni-Cu-PGE Targets
Venture Minerals Limited (ASX: VMS) significantly expanded its Ni-Cu-PGE portfolio through the recent acquisition of highly prospective tenure at the company’s Kulin Project in Western Australia.
Managing Director, Andrew Radonjic, said the acquisition sees the company effectively double its Ni-Cu-PGE portfolio, which already includes the South West Ni-Cu-PGE Project, currently joint ventured with Chalice Mining.
Within, the acquired tenure, Venture has secured two highly prospective 20 kilometre long interpreted mafic-ultramafic intrusive complexes sitting along strike of the Jimperding Metamorphic belt which hosts Chalice’s Julimar NiCu-PGE discovery.
The southern 20km long Ni-Cu-PGE target is defined by aeromagnetic anomalies and coincidental +500ppm chromium surface samples, combined with several reconnaissance surface samples assaying over 30ppb Pt + Pd (peak of 60ppb Pt + Pd), is now considered a priority target for the Company. In the southern part of the new tenure containing the priority Ni-Cu-PGE target, Venture can earn up to 100% in E70/5084 (173 sq. km).
“Venture has made some excellent acquisitions around the Kulin Project, which sees the Company now control a highly sort after ground position in close vicinity to the recently discovered Julimar Ni-Cu-PGE deposit,” Mr Radonjic said.
“When paired with our Chalice JV on the South West Project, Venture now has an enviable portfolio of Ni-Cu-PGE assets.
“These compliment Kulin’s gold potential, which has been highlighted by our latest drill results situated within what is considered to be an exciting emerging Western Australian Gold Province. This gives the Company great confidence in making significant discoveries at Kulin in the near future.”
Mr Radonjic said the significance of the results from the maiden drill program cannot be underestimated as these holes are the only meaningful (in terms of depth) drill holes within a 40km radius of the Kulin project within an emerging Western Australian Gold Province, already host to major gold deposits such as Boddington >30 Mozs (currently Australia’s 2nd largest gold producer, Edna May 2.2 Mozs , Katanning 1.2Mozs and Tampia 0.7Mozs.
For further information please visit: https://www.ventureminerals.com.au/