Venus Metals Corporation reports solid assay results from 7 reverse circulation holes at its Sandstone Bellchambers Gold Project, underpinning a 31,400-ounce global resource. The drilling highlights consistent gold mineralisation hosted in sheared sulphide-rich sediments with further exploration planned.
- 7 RC holes drilled totaling 1,213m at Bellchambers and Range View
- Significant gold intersections up to 8.26 g/t Au over 1m
- Global resource stands at 766,000 tonnes at 1.27 g/t Au for 31,400 ounces
- Mineralisation hosted in sheared sulphide-rich sediments and mafic rocks
- Further drilling planned to test extensions along strike and at depth
Strong Gold Intercepts Confirm Project Potential
Venus Metals Corporation Limited (ASX:VMC) has released assay results from seven reverse circulation (RC) drill holes completed at its Sandstone Bellchambers Gold Project in Western Australia. The drilling campaign, comprising 1,213 metres, returned notable gold mineralisation including a standout 1 metre interval grading 8.26 grams per tonne (g/t) Au. Other significant intersections include 43 metres at 1.44 g/t Au and 20 metres at 2.72 g/t Au, reinforcing the project’s potential within the Bellchambers and adjacent Range View deposits.
Resource Estimate Holds Steady at 31,400 Ounces
The company confirmed its global Mineral Resource Estimate (MRE) for Bellchambers and Range View remains at 766,000 tonnes averaging 1.27 g/t Au, equating to 31,400 ounces of gold. This estimate includes 190,000 tonnes measured at 1.44 g/t Au, 477,000 tonnes indicated at 1.18 g/t Au, and 99,000 tonnes inferred at 1.41 g/t Au. The resource has been reviewed with reasonable prospects for economic extraction, aligning with previous ASX disclosures from August and December 2025 and January 2026.
Geological Setting Supports Further Exploration
Gold mineralisation at Bellchambers and Range View is hosted within a northeasterly trending, steeply dipping sequence of sheared sulphide-rich sediments and mafic rocks, interlayered with chert and Banded Iron Formation. The drilling was designed to intersect these structures approximately perpendicular to strike, though true widths remain uncertain due to complex geology. The project’s location, roughly 23 km southwest of Sandstone town and 70 km northeast of Rox Resources’ Youanmi Gold Project, situates it within a prolific gold district.
Rigorous Sampling and Reporting Standards Maintained
Venus Metals employed industry-standard RC drilling and sampling techniques, with composite four-metre samples and one-metre assays analysed by certified Perth laboratories. Quality control measures included duplicates, blanks, and standards, with no significant variations reported. The company’s Competent Persons, including Mr Lynn Widenbar and Non-Executive Director Mr Simon Coxhell, have reviewed and endorsed the results in accordance with JORC 2012 guidelines.
Next Steps Focus on Resource Expansion
Further drilling is planned to test along-strike and at depth extensions of the identified gold mineralisation. Given the encouraging assay results and the existing resource base, these follow-up programs will be critical in defining the deposit’s full scale and economic viability. This exploration momentum follows Venus Metals’ recent financial strengthening moves, including a $35 million special dividend funded by the sale of its Youanmi royalty, providing capital flexibility to advance projects like Bellchambers.
Bottom Line?
The Bellchambers project is shaping up as a solid gold asset with a defined resource and promising drill results, but true widths and economic viability await further drilling and studies.
Questions in the middle?
- How will upcoming drilling refine the geometry and true width of mineralisation?
- What are the next milestones for resource upgrading or feasibility assessments?
- Could recent capital returns impact funding availability for Bellchambers development?