Venus Metals Corporation Limited Stock Market Press Releases and Company Profile
Venus Metals Corporation Limited (ASX:VMC) Identified Large Additional Magnetite Iron Ore Exploration Targets At Yalgoo Iron Ore Project
Venus Metals Corporation Limited (ASX:VMC) Identified Large Additional Magnetite Iron Ore Exploration Targets At Yalgoo Iron Ore Project

Perth, Jan 20, 2011 AEST (ABN Newswire) - Venus Metals Corporation Limited (googlechartASX:VMC) are pleased to announce the results of evaluation of magnetic data and field mapping of the Yalgoo Iron Ore project, which has identified further large open pittable magnetite exploration targets in addition to the JORC Compliant Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill (refer ASX nnouncement 16th December 2010).

A number of separate target areas have been defined for drill testing within the company lease areas.

Exploration Target Potential:

- Tonnage Range: 150 - 300MT

- Fe Range: 30% - 35%

10,000m of RC Drilling is schedule to commence in February 2011 and the results of the scoping study are anticipated in early February.

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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