Article.....all good press.Venture Minerals (ASX:VMS) has...

Article.....all good press.

Venture Minerals (ASX:VMS) has announced a promising 50 per cent increase in JORC compliant Inferred Iron Resources at the Mount Lindsay Magnetite-Tin Project in Tasmania.

The company has an upgraded Inferred Resource of 30Mt @ 33%Fe for Main Zone & No.2 Zone only. The 30Mt resource is located only 1.5km from a sealed road providing direct access to existing rail and port facilities. The company believes there is substantial upside potential with a further 36km of interpreted magnetite
skarns still to be tested.

Venture Minerals is targeting a minimum of 40mt of inferred iron resources at Mount Lindsay which it believes a scoping study would show the project should support a 10 year mining operation. The company's managing director Andrew Radonjic indicated, "Venture is confident that it can achieve this goal (40mt) in the near future from drilling of identified exploration targets".