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Venus Metals Corporation Limited ( (AU:VMC) ) has issued an announcement.
Venus Metals Corporation Limited has commenced field work at its Bellchambers gold deposit, part of the Sandstone Gold Project, involving mapping and rock chip sampling in preparation for an upcoming drilling program. The exploration aims to further evaluate gold mineralization between Bellchambers and the nearby Range View prospect, potentially expanding the resource base. The project includes plans for additional drilling to convert indicated gold to a measured category and prepare for possible future mining operations. Venus is also negotiating a potential mine gate sale agreement with Rox Resources, which could influence project development and stakeholder interests.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an Australian company with a diverse portfolio of exploration projects in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder of Rox Resources Limited.
YTD Price Performance: 41.43%
Average Trading Volume: 168,035
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$14.91M
Learn more about VMC stock on TipRanks’ Stock Analysis page.