vms highlighted in da nd d report tonight, page-12

Happy Easter all,

Plenty to talk about here.

http://www.hotcopper.com.au/asx_announcements.asp?id=290219

'Highlights:
1 First drill hole (PX001*) intersects over 25m of Mt Lindsay style mineralization containing zones of magnetite and visible tungsten (scheelite)

2 Mineralization within PX001 also contains fluorite and danalite, two minerals typically associated with tin mineralization within the Main Skarn at Mt Lindsay.

3 Regional exploration has also identified up to 7.2% WO3 in stream sediments northwest of Mt Lindsay.

4 These latest discoveries significantly elevates the potential of all regional targets within the broader Mt Lindsay Project where over 37 strike kilometres of targets have already been identified (ref map)

5 Exploration and feasibility drilling continues with 6 drill rigs on site as Venture continues to rapidly advance one of the world??s largest undeveloped tin projects

6 Strong price growth continues in both tin and tungsten:
Tin - +US$33,000 per tonne
Tungsten - +US$40,000 per tonne

Recent exploration success at Mt Lindsay follows a series of regional exploration programs targeting several areas including Contact Creek, where the Company has completed a series of programs including geophysics, ground based mapping and geochemical sampling. The results of this initial work confirmed the existence of multiple Mt Lindsay style skarn targets.
Tin Comparisons
1% Tin = 7.0g/t Gold
1% Tin = 3.3% Copper
1% Tin = 13.1% Zinc
1% Tin = 11.3% Lead
1% Tin = 2560ppm U3O8

Tungsten Comparisons
1%WO3 = 8.7g/t Gold
1% WO3 = 4.2% Copper
1% WO3 = 16.3% Zinc
1% WO3 = 14.0% Lead
1% WO3 =3180ppm U3O8

Recently the Company commenced a regional drilling program which included targeting the Contact Creek area with reconnaissance style drilling. The first hole into the area delivered immediate success with PX001 intersecting over 25m of Mt Lindsay style mineralization, containing zones of magnetite and visible tungsten (scheelite). The Company considers the discovery very significant as it confirms that the same host rocks and style of mineralization exists on the northern side of granite, suggesting the Contact Creek area is a continuation of the Mt Lindsay geology.

In addition to the work at Contact Creek, the Company has also identified both tin and tungsten mineralization from surface sampling 10km northwest of Mt Lindsay. Assay results have recorded up to 7.2% WO3 in stream sediment sampling on the western margin of the Meredith Granite. These results also suggest that western margin of the Meredith Granite has the potential to host tin/tungsten deposits.

Exploration drilling continues at Mt Lindsay with three diamond core rigs testing multiple skarn targets within the Mt Lindsay area. In addition infill drilling for the Bankable Feasibility Study continues with three drill rigs targeting the Main and No.2 Skarns, as the Company seeks to fast track the development of the Mt Lindsay Tin/Tungsten Deposit.

This year has seen the tin price continue to strengthen with prices currently trading over US$33,000 per tonne on the London Metal Exchange. The tungsten price also continues to outperform with the contract price for APT reaching all time highs of +US$40,000 per tonne.'

Recent Announcements
Pre-feasibility Study
(01/03/11)

Feasibility Drilling Record Result
(ASX: 27/01/2011)

Resource Upgrade
(ASX: 25/11/2010)

Exploration Drilling Intersects
95m @ 0.5% Tin Equivalent
(ASX: 14/10/2010)

Venture to Raise $20m to Fast Track the
Development of Mt Lindsay
(ASX: 07/10/2010)

New Tin Discovery defined over 500m
(ASX: 28/5/2010)

Located in North-West Tasmania
140 years of mining precedent


Newminer1000