Venture Minerals Ltd (ASX:VMS, OTC:VTMLF) has kicked off an airborne electromagnetic (AEM) survey over prospective targets at the Kulin Project in Western Australia after a reconnaissance drilling program revealed the area was highly prospective for magmatic nickel-copper sulphides.
In addition to the nickel-copper sulphide targets, the company intends to run a 1,339-line kilometre survey over two 20-kilometre-long targets.
Kulin Project – showing interpreted mafic-ultramafic intrusive complexes on aeromagnetics with AEM survey areas.
Venture has interpreted these 20-kilometre-long prospective strikes to be mafic-ultramafic intrusive complexes, situated along strike from the Jimperding Metamorphic belt which is host to Chalice Mining Ltd (ASX:CHN, OTCQB:CGMLF)’s Julimar nickel-copper-PGE discovery.
The southern target at Kulin was defined by aeromagnetic anomalies coinciding with surface sampling.
Results returned more than 500 parts per million (ppm) chromium and more than 30ppm platinum+palladium.
Venture believes this is a priority target, as shallow historical drilling in this area also generated assays up to 0.11 g/t platinum, 0.13 g/t palladium, 0.14% nickel and 0.02% cobalt.
Sulphides underscore high prospectivity
“The confirmation of magmatic nickel-copper sulphide mineralisation at Kulin significantly raises the prospectivity of the interpreted mafic-ultramafic intrusive complexes at the Kulin Project,” Venture Minerals managing director Andrew Radonjic said.
“With this in mind, the company will now focus on identifying EM anomalies coincident with the recently discovered nickel-copper-PGE geochemical anomalies to generate future drill targets.”
With the discovery of these latest Kulin sulphide targets, combined with the South West Nickel-Copper-PGE joint venture project with Chalice Mining, Venture believes it now holds a strong portfolio of nickel-copper-PGE assets with robust exploration potential.
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