VMC venus metals corporation limited

Ann: Drilling Commences at Currans Well Cobalt Nickel Project, page-2

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    VMC
    Market Cap $12m
    Drilling Commenced Today

    Stage 1 drilling targets shallow (0 to 30m depth) cobalt-nickel mineralisation in weathered mafic-ultramafic rocks at Currans Well where historic drilling has shown thick intersections with up to 0.15% Co1 (refer ASX release dated 3 April 2017).

    The geological settings at Currans Well can be comparable with the Clean TeQ Holdings Limited (ASX:CLQ) "Syerston Cobalt Project" where the surficial deposit hosted is within lateritic stratigraphy, overlying metal rich ultramafic rocks2.

    The targeted style of mineralization is similar to that at the Quicksilver Nickel-Cobalt Project in the South West Mineral Field of Western Australia (of Golden Mile Resources - ASX: G88). Supergene enrichment of cobalt and nickel occurs within the deep weathering profile developed on ultramafic bedrock. At Currans Well, other targeted commodities include copper, platinum and palladium.
 
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