Venus Metals has started drilling below its existing Bellchambers gold resource in Western Australia, aiming to locate a higher-grade zone beneath the current mineral inventory. According to reports from multiple outlets, the company’s drilling program targets an area expected to potentially increase the resource by as much as 60,000 ounces. That would be added to an existing resource estimated at about 31,400 ounces. The coverage agrees that the focus of the work is on upgrading the quality and extent of the gold resource rather than expanding the surface footprint. The drilling is described as part of an ongoing effort to define and confirm additional mineralisation at greater depth. While the potential upside is framed as an estimated addition of up to 60,000 ounces, the reported figures are presented as targets or potential outcomes of the drilling results rather than confirmed increases at this stage. The company is therefore working to refine its resource estimate through continued testing of the deeper geology beneath Bellchambers.
Venus Metals begins deeper drilling at Bellchambers to expand higher-grade gold resource
Venus Metals has started drilling below its existing Bellchambers gold resource in Western Australia, aiming to locate a higher-grade zone beneath the current mineral inventory. According to reports f...
- Venus Metals begins drilling beneath its Bellchambers gold resource in Western Australia.
- The drilling targets a higher-grade zone located below the current resource.
- Reports say the higher-grade zone could potentially add up to 60,000 ounces.
- The existing Bellchambers gold inventory is reported at about 31,400 ounces.
- The potential increase depends on results from the deeper drilling program.
Venus Metals has begun drilling beneath its Bellchambers gold resource, targeting a higher-grade zone that could add up to 60,000 ounces to the existing 31,400-ounce inventory.
3 hours agoVenus Metals has begun drilling beneath its Bellchambers gold resource, targeting a higher-grade zone that could add up to 60,000 ounces to the existing 31,400-ounce inventory.
3 hours agoVenus Metals has begun drilling beneath its Bellchambers gold resource, targeting a higher-grade zone that could add up to 60,000 ounces to the existing 31,400-ounce inventory.
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