Venture Minerals Limited (ASX: VMS) has secured additional exploration licenses around and along strike from Golden Mile’s recent Quicksilver Nickel-Cobalt discovery in Western Australia.
Subsequently Venture’s Pingaring project, has been quadrupled in size with applications now totalling in excess of 800km2. The Pingaring project is only 4km along strike to the south-east of the Quicksilver Nickel-Cobalt Discovery and now contains 145 strike kilometres of ultramafic targets interpreted to be the same host unit that the Quicksilver Ni-Co deposit sits within.
Venture Managing Director Hamish Halliday said the company now has a dominant land position within an emerging new Nickel-Cobalt province in Western Australia and upon successful granting, the company will commence a detailed surface mapping and sampling program to define priority drill targets.
Highlights of the 100% owned Pingaring Project include:
- Located only 4km along strike and immediately to the south-east of the Quicksilver Nickel-Cobalt Discovery; and
- Venture has now 822km2 of tenement application within an emerging new Nickel-Cobalt province in Western Australia.
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Mr Halliday said the company has utilised geophysical data and surface geochemistry to interpret extensions to the ultramafic units that hosts the Quicksilver discovery and to identify nearby ultramafic targets with the potential for the same host unit, together giving Venture 145 strike kilometres of ultramafic targets within Venture’s tenement applications;
Venture will commence a detailed surface mapping and sampling program to define priority drill targets upon successful granting of the application.