Venus Metals Corporation Limited Stock Market Press Releases and Company Profile
Venus Metals Corporation Limited (ASX:VMC) Received Further Highly Encouraging Gravity Survey Results At Mt Morris Iron oxide-Copper-Gold/Base Metal Target
Venus Metals Corporation Limited (ASX:VMC) Received Further Highly Encouraging Gravity Survey Results At Mt Morris Iron oxide-Copper-Gold/Base Metal Target

Perth, Oct 18, 2010 AEST (ABN Newswire) - Venus Metals Corporation Limited (googlechartASX:VMC) is pleased to advise the results of the recently completed gravity surveys at Mt Morris IOCG/base metal target. The gravity results indicate three discrete 2 mGal gravity highs typical of Iron oxide-Copper-Gold deposits.

Geophysical consultants Resource Potentials have modelled the gravity high as North-South striking three discrete gravity highs over a length of approximately 7km and over a width of 2km. The gravity anomaly amplitudes are comparable to other IOCG deposits e.g. Carapateena, Ernest Henry and Eloise, which has been modified from Vella, 2007.

On review of historical exploration drilling by BHP (googlechartASX:BHP) (googlechartNYSE:BHP) in 1993/1994 (Davis,1994) shows that the drillhole ANN1 intersected Proterozoic basement at 256m with the hole ending at 360m. The hole was drilled to the south-west of the southern gravity anomaly and it did not test the gravity anomaly. The drill hole encountered fractured granitic basement with pegmatitic lenses. Minor sulphides were encountered and the geological environment is regarded to be very encouraging for IOGC type deposits.

For the complete Venus Metals Corporation Limited announcement including tables and figures, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63966-ASX-VMC-509952.pdf

About Venus Metals Corporation Limited

Venus Metals ASX:VMC Company News Releases and Announcements

Venus Metals Corporation Limited (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.

The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.

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Contact

Venus Metals Corporation Limited
Matthew Hogan
Managing Director
T: +61-8-9321-7541



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