One of the investment traps is to invest in new drilling in tenements that have historical dusters. Small companies hype the exploration campaign often followed by a CR to fund drilling when the chances of success are remote. Impossible to believe that the tenements near the Penny discoveries have not had historical drilling. Sabre, for example, at Bonanza, makes no mention of historical drilling. Against that, the historical drilling may be irrelevant if it wasn't on targets discovered using new tech.
But it does seem that geological issues prevented the Venus tenement from being drilled in the past.
Bell Chambers/ Rangeview. (This is a summary):
The area contains major parallel north north-west striking shear zones, and easterly striking quartz reefs. The shear zones dip 50-85 degrees north-west, and strike for several kilometres, with dextral and sinistral strike slip displacement by up to 60 metres.
The present exploration company (Venus) fails to mention, the previous exploration company to them, came to grief when drilling in the area. The extremely fractured nature of the rocks caused caving, clogging of rods, extreme core loss and poor recoveries. The exploration was abandoned with no samples taken.
https://www.mindat.org/loc-267237.html
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