The Directors of Venus Metals Corporation Limited (ASX:VMC) are pleased to advise the discovery of additional magnetite mineralisation at the East Bilberatha target- Yalgoo Iron Ore Project.
A drilling program begins this week on the Kratie North gold project, where gold bearing veins have been discovered by Indochine Mining Limited (ASX:IDC), which has the largest package of gold/ copper leases in Cambodia.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the Moodini initial drill results include a 120m sulphide rich alteration zone in altered granitoids from 356m in hole MORCD002 which includes precious metal values in silver up to 31.9g/t over 1metre. Results suggest drilling has intersected the edge of a potential large mineralised system with increased focus to the south of the current drillholes.
Asian Activities Report for April 13, 2011 includes: Condor Metals Limited (ASX:CNK) has completed sampling and geophysical work at its Kallona Creek project in Western Australia; Energy Ventures Limited (ASX:EVE) announced positive drilling results from the Aurora Uranium Deposit in USA; Anatolia Energy Limited (ASX:AEK) reported encouraging uranium results at the Temrezli joint venture project in Turkey; Pepinnini Minerals Limited (ASX:PNN) identified significant magnetite potential in South Australia.
Venus Metals Corporation Limited (ASX:VMC) are pleased to confirm the identification of Four Conductive Anomalies from the recently conducted Electromagnetic survey at Venus Metals "Yarloo Well"(E59/1593) Murchison Base Metals Project.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the Pre-Feasibility study for the Yalgoo Iron Ore Project has commenced and the contract has been awarded to ProMet Engineers.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the RC and Diamond drilling programme has commenced at the Eucla Moodini Project.
