Venus Metals in WA Hunt for Base Metals and Rare Earths

Venus Metals in WA Hunt for Base Metals and Rare Earths

Venus Metals Corporation has been approved to own new exploration areas for nickel, copper, platinum, palladium, gold, and rare earths in the northwestern part of Western Australia (WA).

The exploration license obtained by Venus Metals is adjacent to Dreadnought's Mangaroon nickel-copper-platinum-palladium project.

The granted land EL 09/2422, together with the license application for three additional shares, are all under the name of Redscope Enterprises, a wholly-owned subsidiary of Venus. The new exploration area covers an area of 546 square kilometers and is located in the Gascoyne region of the state.

According to the prospector, several northwest-trending Narimbunna igneous rock intrusions (gabbro and gabbro window sills) and north-northeast-trending Mundine Well gabbro, dykes, window sills, and small intrusions in the project area are considered "highly similar to the magmatic nickel-copper-platinum-palladium mineralization found in the Money Intrusion."

This area was named the Mangaroon North Project by Venus. The area is similar to the historical high-grade Mangaroon gold mine along the line, as well as the structural targets refers to several shear zones and fault zones that cross the tenement. These show the high prospect of gold mineralization.

On the granted license, Venus stated that preliminary field surveys, cuttings sampling, and geochemical surveys will target potential nickel- Copper-platinum-palladium mineralization, combined with geological maps and geophysical data provided by the Western Australia Department of Mines, Industrial Regulation and Safety.

Mangaroon North's license and one of Venus' applications are adjacent to the Mangaroon project. The Mangaroon project is a joint venture project between Dreadnought Resources and First Quantum Minerals listed on TSX. First Quantum acquired a 51% initial interest in the project by spending US$15 million in exploration.

The partner’s goal is the magmatic nickel-copper-platinum-palladium mineralization associated with the mafic-ultramafic intrusion.

Dreadnought recently discovered an outcrop more than 1-kilometer strike at Bookathanna Bore in the north of Money Intrusion. The result was 1% copper, 0.6% nickel, 0.04% cobalt and 0.3 grams of platinum-palladium-gold per ton. This outcrop is about 3 kilometers east of the ground of Venus.

In another recent announcement, Dreadnought reported that the Yin exploration area of its Mangaroon project confirmed that the discovery of high-grade REE iron ore has exceeded 2.5 kilometers of strike.

Notable cuttings results include 7.5% total rare earth oxides (TREO), which contains 2.73% neodymium-praseodymium, and include 4.77% TREO, which contains 1.84% neodymium-praseodymium.

The other two licenses in the application, ELA 08/3375 and ELA 09/2541 are located in the area considered to have a good REE prospect.

The latter application filed by Venus Metals is located about 10 kilometers north of the Yangibana carbonate oil field in WA, which is considered to have the prospect of carbonate-bearing rare earths mineralization. The magnetic image, it follows the east-southeast-west-northwest trend of the southern section of the mineral rights. In the Durlacher Supersuite the carbonate bedrock shows a similar orientation to the Yangibana carbonate rock in the south.

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