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Julimar's Twin Brother - The Thor Project

Coffee with Samso Episode 83 with Andrew Radonjic, Managing Director - Venture Minerals Limited (ASX:VMS)

The Thor Project Joint Venture that Venture Minerals has with Chalice Gold Mines Limited (ASX:CHN) is getting its first slice of action.

Over the last nine months, we have done several Coffees with Samso and Rooster Talks with Venture Minerals and it has always been a great delight to discuss with Andrew Radonjic what is happening with the company.

As I have mentioned many times, the projects that the company has in its portfolio are all highly prospective. You can see my comments in the very first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS).

Today, Andrew shares with us the history of the project and their journey before the joint venture with Chalice Gold Mines. We discuss the merits of the work that has already been completed and what could be the thinking behind Chalice in signing this JV.

The fact that there have been good exploration results within the area of interest makes this a project that has a great deal of success. Andrew talks about why this is a different mineral exploration project with what he has learned from Thor and what Julimar is unravelling with continuous work since its discovery in March 2020.


00:00 Introduction

01:33 The Resemblance to Julimar

02:18 The History of Thor

09:47 Does Chalice know the significance of Thor?

14:17 How Chalice will progress the exploration.

18:09 Geophysics will return news faster.

19:55 Does Thor have a higher chance of success?

21:32 Better Than a Stab In The Dark

23:21 Conclusion

About Andrew Radonjic

Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia.

Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces.

About Venture Minerals Limited

Venture Minerals Limited is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project.

Recently the maiden drilling program at Thor intersected massive sulfides confirming the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward.

The Company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West Tasmania. The Company has already defined one of the world's largest undeveloped tin deposits and has completed a Feasibility Study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway.


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The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.

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