Venturex Resources![ext]()
(ASX: VXR) has struck high grade gold in an initial diamond drilling program at the Dona Maria Prospect, part of the Nova Canaã Project, in central-northern Mato Grosso, Brazil.
The highlight intercept returned 8 metres at 15.3 grams per tonne (g/t) gold from 30 metres, including 3 metres at 36.53g/t gold.
The diamond drilling program at the Dona Maria Prospect, located in the northwest corner of the tenement, tested an area where previous trenching located a mineralised shear zone which assayed up to 6 metres at 9.9g/t gold.
The area is part of a consistent 3 kilometre geochemical gold anomaly coincident with interpreted regional structure and several quartz vein outcrops.
The host rocks, alteration and vein styles are very similar to those seen in the Tocantinzinho mineralised corridor in the Tapajós region located 450 kilometres to the north.
All assays have now been received for the program and, following interpretation of these results, additional drilling will be planned to further test this zone of mineralisation and other areas within the 3 kilometre geochemical anomaly defined by auger sampling.
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Major emerging gold region*
Tapajós is the site of a major 1980s gold rush the produced 16 to 30 million ounces by garimpeiros.
There are several large discoveries in the region including the 2.5 million ounce Tocantinzinho and the 1.3 million ounce Cuiu Cuiu.
Large scale gold systems exist in magmatic arc settings, with the gold occurring within major north-northwest trending corridors.
Importantly, first drilling at Nova Canaã intersected gold mineralisation.
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Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.* Reported by Proactive Investors 22 minutes ago.
(ASX: VXR) has struck high grade gold in an initial diamond drilling program at the Dona Maria Prospect, part of the Nova Canaã Project, in central-northern Mato Grosso, Brazil.The highlight intercept returned 8 metres at 15.3 grams per tonne (g/t) gold from 30 metres, including 3 metres at 36.53g/t gold.
The diamond drilling program at the Dona Maria Prospect, located in the northwest corner of the tenement, tested an area where previous trenching located a mineralised shear zone which assayed up to 6 metres at 9.9g/t gold.
The area is part of a consistent 3 kilometre geochemical gold anomaly coincident with interpreted regional structure and several quartz vein outcrops.
The host rocks, alteration and vein styles are very similar to those seen in the Tocantinzinho mineralised corridor in the Tapajós region located 450 kilometres to the north.
All assays have now been received for the program and, following interpretation of these results, additional drilling will be planned to further test this zone of mineralisation and other areas within the 3 kilometre geochemical anomaly defined by auger sampling.
*
Major emerging gold region*
Tapajós is the site of a major 1980s gold rush the produced 16 to 30 million ounces by garimpeiros.
There are several large discoveries in the region including the 2.5 million ounce Tocantinzinho and the 1.3 million ounce Cuiu Cuiu.
Large scale gold systems exist in magmatic arc settings, with the gold occurring within major north-northwest trending corridors.
Importantly, first drilling at Nova Canaã intersected gold mineralisation.
*
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.* Reported by Proactive Investors 22 minutes ago.