Special Report: A program of maiden drilling will be carried out across Venture’s clay-hosted rare earths Iron Duke project following the granting of drilling programs and the engagement of a drilling contractor.

The Iron Duke project consists of two granted tenements for a total of 151km2 with approvals in place for an upcoming drilling program.

This affords Venture (ASX:VMS) the opportunity to immediately follow-up the two shallow historic drillholes, both of which have broad, high grade intersections of Total Rare Earth Oxides (TREO).

In addition to Iron Duke, the company is also set to commence a maiden drill program testing numerous high priority REE targets at the recently acquired Brothers project immediately to the north of Iron Duke.

A tenement package of 172km2 prospective for clay hosted REE mineralisation has been pegged adjacent to the Brothers project, bringing the total project area up to 1,091km2 of prospective REE tenure.


Potential new discoveries could be on the cards

VMS managing director Andrew Radonjic says the company looks forward to delivering a potential new discovery to shareholders in the very near future.

“The granting of drilling programs and the engagement of a drilling contractor has given Venture the chance to get on with follow-up work across impressive, near surface, high grade intersections of rare earths at Iron Duke and to test various targets at the Brothers project,” Radonjic says.

Upon completion of access and drill site preparation, the maiden drill program at the Brothers and Iron Duke Projects is to begin before the end of May.



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.