VMS 5.56% 1.9¢ venture minerals limited

BigMacA quote from the 2nd quarterly 2010Bass Metals Joint...

  1. 316 Posts.
    BigMac

    A quote from the 2nd quarterly 2010

    Bass Metals Joint Venture
    Activities during the quarter again focused on Rocky River South, which is located 9kms west of the Stanley River DSO
    Project (Refer Regional Exploration Target map) and hosts the southern extension of the Savage River mine sequence (Savage River
    Magnetite Mine currently producing 2.6Mtpa of iron pellets).
    A 3 hole Diamond Core Drilling Program of 392.6m was completed. The drill intersections indicated that continuity and grade
    of the magnetite-hematite rock was insufficient to justify any further work at this stage.

    I think that prospect is probably dead.
 
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