Ventnor Resources Limited (ASX:VRX) has updated the market on progress made at its Arrowsmith silica sand project in WA. Drilling is set to commence in September, after the Department of Mines, Industry and Safety granted a program of work for exploration. Arrowsmith now comprises four granted exploration licences and one new application covering a total area of about 379km2. CSA Global has been engaged to estimate a JORC-2012 compliant Maiden Mineral Resource for the Arrowsmith North and Central areas, utilising the existing hand auger data.
Highlights:
- Programme of Work (PoW) granted on two tenements
- Additional Exploration Licence (EL) granted
- Fifth EL application submitted
- Maiden Mineral Resource estimation underway
Ventnor Resources Limited (Ventnor or Company) (ASX: VRX) is pleased to announce progress on its Arrowsmith Silica Sand Project (Arrowsmith Project).
The Arrowsmith Project is broken down into 3 smaller project areas, namely Arrowsmith North, Central and South. The Department of Mines, Industry and Safety (DMIRS) has granted a Programme of Work (PoW) for exploration on both Arrowsmith North (E70/5076) and Arrowsmith Central (E70/4987) prospects.
Drilling will commence in September subject to the ground drying out in compliance with the Company’s Dieback Management Plan. This Plan, which has been accepted by DMIRS and added to the tenement conditions for the PoW areas, requires drilling to be undertaken in dry conditions.
Ventnor’s application for Exploration Licence E70/5109 was granted on 14 August 2018. Ventnor has also applied for an additional Exploration Licence (ELA70/5197) covering an area of 8.5 km2 at the Arrowsmith Project that complements and is contiguous with the existing holding.
The Arrowsmith Project now comprises 4 granted exploration licences and one new application covering a total area of approximately 379 km2.
CSA Global has been engaged to estimate a JORC-2012 compliant Maiden Mineral Resource for the Arrowsmith North and Central areas, utilising the existing hand auger data. The Company expects this will be estimated to an Inferred level of confidence and completed in the current calendar quarter.
Ventnor Managing Director, Bruce Maluish said: “The approved POW now allows us to undertake drilling programmes targeting a JORC-2012 compliant Mineral Resource to an Indicated category.”
“In addition to the Mineral Resource estimations, drilling, assays and a third iteration of testwork are expected to be completed before the end of the year and will all contribute to a near term Feasibility Study on the Arrowsmith Silica Sand Project.”
