Encouraging Gold Results Bellchambers Gold Deposit

Key points

• Significant gold intersections reported at Bellchambers
• 26BRC4: 20m @ 2.72 g/t Au from 186m
• Further drilling planned to follow up significant results
• Bellchambers deposit located 23km south of Sandstone, WA

Full summary

Venus Metals Corporation Ltd. has reported promising gold results from the Bellchambers Gold Deposit, located 23 kilometres south of Sandstone, Western Australia. The company completed a reverse circulation (RC) drill program, achieving key results including 26BRC4: 20m @ 2.72 g/t Au from 186m, including 6m @ 5.52 g/t Au from 188m and 1m @ 9.92 g/t Au from 189m. A total of 7 RC holes for 1213 metres were drilled, testing an exploration target below the existing Bellchambers Global Resource. The company views these intersections as encouraging and plans further drilling to follow up significant results. The mineralisation is related to quartz veining and sulphide accumulations within a strongly sheared package of banded iron, cherts, high magnesium basalts and minor ultramafic units.

Outlook

Venus Metals plans to continue exploration at Bellchambers with further drilling to follow up significant gold intersections.