Ventnor Resources Limited (ASX:VRX) has announced plans to drill follow up diamond holes at the Fire Dragon Prospect in the Biranup Project in Western Australia, located 370km NE of Kalgoorlie. Studies by Ventnor confirm a hydrothermal origin to anomalism intersected to date and provide confidence in the system.
- Drilling at Fire Dragon Prospect confirms hydrothermal origin
- Diamond drilling program to commence this month
Ventnor Resources Ltd (Ventnor) (ASX: VRX) has confirmed an intersection with sulphides at its Fire Dragon prospect in the Biranup Project area, 370 kilometres north-east of Kalgoorlie in Western Australia, is hydrothermal in origin and confirms the prospectivity of the region.
Managing Director Bruce Maluish said: “The drilling to date was targeted on an interpreted conductor plate following the surface and downhole geophysical surveys. While results to date have not encountered economic values, we are encouraged by results that have confirmed we are within a hydrothermal system which is highly prospective for base metals occurrences.”
“Further drilling is warranted and planned for later this month,” Mr Maluish said
On the 17th January 2017, Ventnor announced the commencement of a diamond hole at Fire Dragon, located within the Biranup Project, 370km north east of Kalgoorlie. The results for the diamond hole, FDD001, at location Table 1 below, have been received and the interpretation is presented here
FDD001 was completed to 397m and intersected a number of sulphidic zones between 214 and 239m. This zone is coincident with the interpreted conductor from the recent ground and down hole electromagnetic surveys that have been completed. The sulphides intersected are typically pyrrhotite, are structurally controlled and associated with strong carbonate alteration, with up to 30% sulphides observed.
Sampling was selected on geological boundaries with samples being submitted to Intertek Laboratory for multi-element analysis, (Table 2 below) showing the results for selected elements.