• Powered by Crown Equity Holdings Inc.
      • crown-logo

        Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

Post on CRWE World Login
logo Cambridge, UNITED STATES
header-img
  • Home
  • News
  • World
      • World News
      • Español
  • Politics
      • U.S. Legislators
      • Political News
  • Sports
  • Business
      • Markets
      • Hottest Stocks Today
      • CRWEWorld Stocks
      • Blockchain
      • Regulatory
      • Accounting
      • Fundraising Campaigns
      • IPOs
      • Money
      • Career
  • Tech
      • Tech
      • Science
  • Living
      • Arts & Entertainment
      • Family
      • Food
      • Pets
      • Seniors
      • Fashion/Fitness
      • Home & Garden
  • Health
      • Health
      • Pharma & Biotech
  • Opinion
      • Finance
      • Law
      • Healthcare
      • Cannabidiol (CBD)
      • Fashion
      • Podcasts
      • Tech
      • Music
  • Travel
  • Local
      • News
      • Trending Now
      • Real Estate
      • Coupons & Deals
      • Business Directory
  • Jobs
  • More
      • Business 2 Business
      • Press Releases
      • Press Releases Pricing
      • News from GlobeNewswire
      • News from PR Newswire
      • News from Business Wire
      • News from Accesswire
      • Video Channels
      • Beauty
      • Business
      • Comedy
      • Entertainment
      • Fashion
      • Featured
      • Health
      • Instructional
      • News
      • Politics
      • Sports
      • Technology
      • Entertainment
      • Horoscope
      • Sudoku
      • Crossword
      • Games
      • Chat
      • Affiliate | How It Works
      • Join CRWE WORLD Affiliate Program
      • CRWE WORLD Advertising Services Rate
      • Crown Equity Holdings' Overview
      • CRWEWorld Real-Time Global Visitors
      • Content Delivery Solution
        • Contact Us
  • More

Change City


-- OR --
load
load
/assets/img/hottest3.png
/assets/img/hottest3.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png
  • Home
  • Articles
  • Press Releases
21ьз╕ Cweather-icon
/assets/img/hottest3.png
/assets/img/hottest3.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png

Venus Metals Corporation Limited (VMC.AX) Link Prospect Emerges as Key Resource Growth Target

Press Releases2021-07-07
11 Views

Australian gold company, Rox Resources Limited (ASX:RXL), which is currently trading on a deferred settlement basis: RXLDB), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX:VMC) is pleased to provide an update on exploration activities at Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%).

Drilling continues at Youanmi with an RC rig and two Diamond drill rigs operating on site. An additional diamond rig and an aircore rig are set to join the program shortly.

Assay results have been received for seven holes from the current RC program being undertaken at the Link Prospect (Figure 1*). These holes were drilled during May. Results are awaited for eight RC and nine diamond holes with drilling ongoing.

The highlight of this round of results include 3m @ 4.42g/t Au from 101m and 5m @ 5.96g/t Au from 138m, including 2m @ 12.9g/t Au from 138m intersected in RXRC390 (Table 1, Figure 2).

Managing Director Alex Passmore commented: "Exploration at Youanmi continues to be very active with our rig count growing. These results from Link are from drilling completed in May as our exploration program on the ground was gathering pace. It's highly encouraging to report new mineralised positions previously unrecognised close to existing mine development. We look forward to updating the market as more drill results come to hand."

The results define a zone of high-grade mineralisation within close proximity to both the base of historic open pits and in some cases close to existing underground development.

The current program testing depth extensions to high-grade ore shoots down plunge at Junction and Link. Additionally, step out drilling will test Rox's exploration model with the aim of identifying recurring NW-plunging ore shoots within SW-plunging mineralised envelopes (Figure 1 and 2*).

Link Target Area

The Link target area is situated within the Northern Mineralised Envelope that hosts the high-grade United North, Kathleen and Rebel-Kurrajong open pits and Hill End underground mine. At Link, a strongly mineralised North-South trending conjugate structure intersects the NW trending Mine Shear and forms multiple north plunging high-grade ore shoots (Figure 1*).

The RC holes reported in this announcement (RXRC386: 4m @ 2.98g/t Au from 162m, RXRC389: 4m @ 3.71g/t Au from 216m, RXRC390: 3m @ 4.42g/t Au from 101m and 5m @ 5.96g/t Au from 138m, including 2m @ 12.9g/t Au from 138m) continue to demonstrate the Link area has strong potential to significantly enhance near mine gold inventory with close proximity to historical open pits and existing underground development (Figures 2 and 3*).

The Link Target area, and similarly the Junction target area, are depth extension zones that have not previously been effectively explored, yet offer the potential to return significant depth extensions of surface mineralisation as has been previously delineated and mined in the Mine and Hill End mineralised envelopes (see Figure 1).

Recent Modelling Demonstrates Upside in Historically Unsampled Locations

As part of an ongoing review of historical Younanmi data, the Company has begun relogging and sampling of historic diamond core where insufficient or no sampling has previously occurred. Recent geological modelling of interpreted mineralised lodes by Rox has identified significant areas where mineral resource estimation may be possible simply using unsampled historical core.

Encouragingly, sampling of diamond hole 94KRCD0355 has extended an historic intersection to 6.1m @ 8.22g/t (previously 2m @ 15g/t Au, ASX RXL 17 April 2019) beneath the Kathleen Pit at Link. This early result from the sampling of historic drill core validates Rox's approach to the historical data review as a cost-effective initiative to improve both the geological and resource models and highlights the untapped potential at Youanmi.

Forward plan

The current diamond and RC drilling program will target the Junction and Link areas, which continue to show strong potential to enhance and grow near mine gold resource inventory. The economic prospects of the Youanmi resource are considered strong being close to existing underground development.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/D1T87EM6

Matt Hogan
Managing Director
Venus Metals Corporation Limited
Tel: +61 8 9321 7541



News Provided by ABN Newswire

Read More..
The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


FDA Approves First Targeted Therapy For HER2-Low Breast Cancer



/assets/img/Reliance-Law-Firm.png

/assets/img/cw-stocks.png

/assets/img/wysh-jewels.png

/assets/img/Mars-Parachute-2.png

/assets/img/crweworld-podcast.jpg
Sponsored
Also read
Ahold Delhaize delivers resilient performance in Q2 2022; raises full-year EPS and free cash flow guidance
China Index Holdings to Report Second Quarter 2022 Financial Results on August 17, 2022
Ageas reports first half-year results 2022
Sampo plc’s share buybacks 09/08/2022
Tidewater Announces Pricing of Public Offering of Common Stock
Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Kiromic Biopharma, Inc. (KRBP)
Wix Reports Second Quarter 2022 Results
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Yext, Inc. Investors with Losses Over $100K to Secure Counsel Before Important August 16 Deadline in Securities Class Action - YEXT


Post on CRWE WorldSign Up for Free E-mail Updates
  • Real Estate Eagle Firm, Real Estate
  • Authentic Dominican Larimar & Amber Stone Jewelry
  • Share knowledge and ideas about stocks on CRWE World Stocks
Signup for free email updates
/assets/img/wall-street-rect2.png
/assets/img/wall-street-sq.png



Join with us
Live Traffic Feed
About CrweWorld
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Finance Disclaimer
  • Jobs
Subscribe for newsletter
3+2
Contact Info
  • contact@crweworld.com

  • P: (702) 683-8946

  • P: (702) 810-0178

  • 11226 Pentland Downs St, Las Vegas, NV 89141

Tweets by CrweWorld
Tweets by @CrweWorld
  • © 2022 crweworld.com
ad1

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

ad2

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

ad3

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

ad5

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

Advertisements

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

CRWE WORLD Advertising Services RateJoin CRWE WORLD Affiliate Program