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Venus Metals Corporation Limited's Youanmi Lithium Project has discovered a strong lithium anomaly in the south of E57/1078. It is located near a pegmatite trap zone which could indicate the presence of pegmatite-hosted Lithium-Caesium-Tantalum (LCT) mineralization in an area not previously explored for such mineralization.
The lithium anomaly, measuring roughly 1.4km x 0.4km and with a maximum lithium concentration of up to 305 ppm, remains open to the south and east. It is located within the granite-greenstone contact zone of the southern Youanmi greenstone belt, with pegmatite outcrops identified within and around the lithium-anomalous area.
Immediate follow-up field work will involve mapping and rock chip sampling of outcropping pegmatite, and further soil sampling east and south of the lithium anomaly to explore its full extent. Furthermore, reconnaissance geochemical surveys are planned along the pegmatite trap zone and granite-greenstone contact zones along the southern Youanmi Greenstone Belt.
Venus Metals Corporation Limited announces new JORC2012 gold resource estimate at Bellchambers Gold Deposit, with an increase of 35% in tonnes and 40% in ounces compared to the previous resource reported in 2020.
Mineralized zone traced to a vertical depth of 175m below surface; the deposit remains open at depth.
Exploration at Bellchambers is ongoing, and studies will be instigated; Venus has agreed with Rox Resources Ltd to negotiate a mine gate sale agreement for the Bellchambers deposit on a best endeavours basis.