Venture moves to unlock Kulin’s nickel-copper-PGE potential
Venture has kicked off an airborne electromagnetic survey over highly prospective nickel-copper-PGE targets at its Kulin project in Western Australia.
This follows the company completing petrography confirming that sulphides intersected during reconnaissance drilling for gold in 2021 consist of pyrrhotite-pentlandite-chalcopyrite.
Importantly for Venture Minerals (ASX:VMS), this mineralogy is consistent with a magmatic origin, confirming the fertility of the Kulin project for nickel-copper sulphide mineralisation.
With this prospectivity now confirmed, the 1,339 line kilometre AEM survey will be carried out over two highly prospective 20km long interpreted mafic-ultramafic intrusive complexes and a third 10km long mafic-ultramafic intrusive complex at the northern end of the project.
These complexes are all located along strike of the Jimperding Metamorphic belt which hosts Chalice’s Julimar nickel-copper-PGE discovery.
“The confirmation of magmatic nickel-copper sulphide mineralisation at Kulin significantly raises the prospectivity of the interpreted mafic-ultramafic intrusive complexes at the Kulin Project,” managing director Andrew Radonjic said.
“With this in mind, the company will now focus on identifying EM anomalies coincident with the recently discovered Ni-Cu-PGE geochemical anomalies to generate future drill targets.”
The southern 20km long nickel-copper-PGE target is defined by aeromagnetic anomalies and coincident with surface sampling returning +500 parts per million (ppm) chromium and +30 parts per billion platinum plus palladium.
It also hosts historical shallow reconnaissance drilling with assays up to 0.11 grams per tonne (g/t) platinum, 0.13g/t palladium, 0.14% nickel and 0.02% cobalt.
The target is located on two tenements with the northern portion on the company’s wholly-owned E70/5077 while the southern portion is located on E70/5084 which it has the option to acquire.
This article was developed in collaboration with Venture Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.