A excerpt from an article on rox/venus from yesterdays paper...we've been getting some press. *The Youanmi JV has also completed nine diamond holes at Grace with several holes reporting the presence of visible gold. Rox is currently working towards the estimate on of a resource at Grace, which will build upon the 1.2-million-ounce gold resource already on the books. Unfortunately, the frenzy of drilling activity across the state has fed a backlog of samples at the Perth assay laboratory adding to the wait time.Currently, the Venus/Rox JV has results pending for 6 weeks worth of drilling from Youanmi, including 9 diamond holes, 17 RC holes and 226 aircore holes.In addition to exploration at Grace, the JV has unearthed a new gold discovery 3km to the north of the Youanmi plant, with the first phase of drilling having been recently completed. A total of 251 aircore holes, for 11,534m of drilling has been completed across the Youanmi Granite discovery, with only assays from the first 25 holes having been received but already returning significant intercepts including 4m at more than half an ounce per tonne gold from only 36m below surface.The JV has also completed an innovative Sub-Audio Magnetic survey and high-resolution magnetic survey over the immediate Youanmi mine environs. The results of these surveys are currently being modelled and will assist in the interpretation of the structural architecture of the Youanmi gold deposits and aid in the targeting of future exploration drilling.It is looking like an interesting few weeks ahead for Venus and Rox with a new discovery just 3km up the road from the mill and six weeks’ worth of drilling in the lab, there’s sure to be a steady flow of golden news in the lead up to Christmas.
VMC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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