Ventnor Resources which recently impressed with some very high grade copper intersections at the Thaduna and Green Dragon project in phase 3 drilling has now raised capital to progress the highly anticipated phase 4 campaign.

Ventnor placed 5.8 million shares to professional and sophisticated investors at USD 0.58 to rise around USD 3.4 million. The phase 4 drilling campaign commenced two weeks ago and will cover 9,000 meters of predominately diamond drilling at both the Thaduna and Green Dragon prospects with associated core logging, cutting, assays and scanning to be completed by April 2012.

The program will also include metallurgical testwork and JORC Resource estimates along with a preliminary Scoping Study to be completed by June 2012.

Phase three drilling highlights
1. The recently completed phase three delivered Ventnor the best copper intersections to date from the project with highlights including:
2. 37 meters at 2.61% copper from 111 meters including 10 meters at 7.53% copper and
3. 62 meters at 2.19% copper from 125 meters including 32 meters at 3.10% copper.

The outcome from these discoveries is that they support a conceptual target of deeper primary mineralization.

(Sourced from www.proactiveinvestors.com.a)