Venture Minerals Limited - Getting Closer to the Julimar look-alike.
Rooster Talk Episode 62 is all about why Chalice Mining Limited (ASX: CHN) chose those targets.
Venture Minerals Limited (ASX:VMS) has just received some interesting news on their Thor JV with Chalice Mining.
The Thor JV has been one of the company's assets with an active exploration program. It is an important part of the portfolio of assets which is worked by Chalice Mining. We have had a Coffee with Samso that was dedicated to that topic (Julimar's Twin Brother - The Thor Project - Venture Minerals Limited (ASX: VMS) - Episode 83) as there is a lot of interest riding on what Chalice is doing in the project.
To me, the recent announcement that was published on 13th July has something that is very interesting. The area that they have identified is at a place where I thought was a jog or an area where some extension may have happened. This is fairly observant from the magnetic image where this distinct bend is.
This is a very early stage target and I am not saying that there is an X on the ground to discover. What is nice to see is the coincidence with the geophysics. The subtle nature of the wording in the announcement is not consistent with my observation.
What I mean is that if they did not find anything geochemically at that spot, I would have been disappointed. I encourage viewers to watch and listen to Andrew Radonjic, Managing Director of Venture Minerals, as today´s conversation has some good points for investors to consider with the "tough" times currently on the market.
01:01 Andrew updates.
02:55 The Two Targets.
07:26 Maybe Chalice has found the sweet spot.
12:05 The Western Yilgarn margin.
14:16 Factors that create mineral exploration discoveries.
19:48 Market and Exploration Expectations.
20:36 Other Venture projects.
24:24 The need to understand market sentiment and mineral exploration.
26:40 The need for investors to play the patience game.
27:37 Andrew´s last words.
About Andrew Radonjic
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM
Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX).
About Venture Minerals Limited
Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits.
With higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work.
At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently met its expenditure requirement of $1.2 million to earn up to 51% with a further $2.5 million (at its election) over the next two years to earn 70% at Venture’s South West Project with new targets identified at Thor.
At the Company’s Golden Grove North Project, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets.
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