AI assistant
DEVELOP GLOBAL LIMITED — Regulatory Filings 2012
Aug 7, 2012
64801_rns_2012-08-07_cb3af92b-5ad8-418c-bf67-4a32e35c0f5d.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [239 x 79] intentionally omitted <==
DRILLING COMMENCES AT WHIM CREEK
-
4,000 metre RC and Diamond Drilling Program commenced
-
Testing new targets in the Salt Creek region
-
Extensional drilling at Evelyn deposit in the Liberty-Indee JV area
ASX Announcement ASX Code: VXR Released: 8 August 2012
For further details Michael Mulroney Managing Director T: +61 8 6389 7400 M: +61 412 443 806 [email protected]
Venturex Resources Limited (Venturex) (ASX: VXR) holds a portfolio of copper-zinc deposits in the West Pilbara region of Western Australia. Venturex is pleased to advise that the Company has commenced a 4,000 metre drilling program on targets in the Whim Creek region.
The RC drilling program has commenced in the Salt Creek area testing a range of RAB geochem, VTEM and geological anomalies on the Salt Creek trend including East Balla, Dough Boy and Salt Creek.
==> picture [355 x 250] intentionally omitted <==
Figure 1- Whim Creek Region Exploration Targets
A second drill rig is about to commence diamond drilling within the Liberty-Indee JV area targeting extensions to the Evelyn deposit and surrounding targets. The initial drill target is a series of strong down-hole EM anomalies down plunge from the existing Evelyn Cu-Zn resource.
Board
Tony Kiernan Chairman
Michael Mulroney Managing Director
Allan Trench Non-Executive Director
John Nitschke Non-Executive Director
Ray Parry Non-Executive Director
Liza Carpene Company Secretary
Contact Details
Registered Office Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007
T: +61 8 6389 7400 F: +61 8 9463 7836 [email protected] www.venturexresources.com
ABN: 28 122 180 205
1
==> picture [444 x 292] intentionally omitted <==
Figure 2 – Long Section Evelyn Deposit
The program is expected to be completed in early September with assay results expected to become progressively available from the end of August.
MICHAEL MULRONEY Managing Director
For further information, please contact:
Michael Mulroney / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Tony Dawe – Professional Public Relations on 0405 989 743 / (08) 9388 0944
About Venturex Resources Limited
Venturex Resources Limited (ASX: VXR) is an exploration and development company with a portfolio of VMS projects in the Western Pilbara. Venturex owns or controls the Whim Creek Copper Mine and all associated mining leases and exploration tenements including copper, zinc, lead, silver and gold resources at Whim Creek, Mons Cupri, Salt Creek, Liberty ‐ Indee and Sulphur Springs. Other assets include the Whim Creek Hotel, an accommodation village, crushing circuit and various mining infrastructure. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing Whim Creek as a centralised processing hub. Venturex is also exploring for gold in Brazil through its wholly owned subsidiary CMG Mineração Ltda.
Competency Statements
The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by Mr Michael Mulroney BAppSc(Geol), MBA, and Mr Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. Mr Mulroney and Mr Wood are full time employees of Venturex Resources Limited and have sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaking to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mulroney and Mr Wood consent to the inclusion in the report of the matters based on their information i n the form and context in which it appears.
2