Venus Metals Secures $52,500 WA Grant to Drill Key Copper Target
Venus Metals Corporation’s subsidiary Redscope has won a $52,500 grant from the WA Government to co-fund diamond drilling at the Pincher Copper Project, targeting a significant geophysical anomaly. Drilling is set to begin in June 2025, advancing exploration of a promising volcanogenic massive sulphide system.
- Redscope awarded $52,500 grant under WA Exploration Incentive Scheme
- Grant covers 50% of diamond drilling and mobilisation costs
- Drilling targets a high-conductance 5000 siemens plate at 400m depth
- Diamond drilling planned to commence June 2025
- Additional metallurgical test work on zinc core samples from prior drillholes
Government Support Accelerates Exploration
Venus Metals Corporation Limited, through its wholly owned subsidiary Redscope Enterprises, has successfully secured a $52,500 grant from the Western Australian Government’s Exploration Incentive Scheme (EIS). This funding will co-finance diamond drilling activities at the company’s Pincher Copper Project, located in Western Australia. The grant represents the maximum amount applied for and will cover half of the direct drilling and mobilisation costs, underscoring government confidence in the project’s potential.
Targeting a Significant Geophysical Anomaly
The upcoming diamond drilling program aims to test a substantial geophysical conductor anomaly identified through extensive surveys. Ground gravity and moving loop electromagnetic (MLEM) surveys revealed a broad, flat-lying, high-conductance plate measuring 5000 siemens at approximately 400 metres depth. This anomaly, detected on line 6823050N, is interpreted as a key target within a volcanogenic massive sulphide (VMS) system known to host copper, zinc, and lead mineralisation.
Previous reverse circulation drilling (hole VMC255) reached 150 metres as a pre-collar, setting the stage for the diamond tail drilling now enabled by the EIS grant. The diamond drilling will provide critical core samples to better understand the mineralisation and support metallurgical test work, particularly for zinc, from earlier drillholes VMC250 and VMC252.
Strategic Importance of the Pincher Copper Project
The Pincher Copper Project is a cornerstone asset within Venus Metals’ diverse portfolio, which spans gold, copper, base metals, lithium, titanium, and vanadium exploration across Western Australia. The project’s focus on a VMS system aligns with global demand for base metals essential to electrification and renewable energy technologies.
Venus Metals’ strategic approach combines government co-funding opportunities with targeted geophysical techniques to de-risk exploration and enhance the potential for resource definition. The planned drilling in June 2025 represents a critical step in validating the geophysical targets and advancing the project toward resource delineation.
Looking Ahead
As Venus Metals prepares to commence drilling, market participants will be watching closely for assay results and metallurgical data that could confirm the economic viability of the mineralisation. The company’s ability to leverage government incentives and apply advanced geophysical methods positions it well to unlock value from the Pincher Copper Project.
Bottom Line?
June’s diamond drilling will be a pivotal moment for Venus Metals’ Pincher Project, potentially unlocking significant base metal resources.
Questions in the middle?
- What will the assay results from the diamond tail drilling reveal about the size and grade of the mineralisation?
- How will metallurgical test work on zinc core samples influence the project’s development strategy?
- Could further government funding or partnerships accelerate exploration beyond the current drilling program?
