Venture Minerals announced that Chalice Mining has received results from the recently completed Auger Soil Geochemistry program and has identified two new target areas having magmatic Ni-Cu-PGE sulfide potential supported by underlying geology that is consistent with the presence of ultramafic rocks, shown by elevated Cr, and lie within areas of untested airborne EM anomalies and coincident with magnetic highs at Thor, that warrant exploration follow-up.These new targets were not part of Chalice’s ground EM program completed last year and the Auger Geochemical results in these new targets have stronger coincidental magmatic indicator metals, including Ni, Cu, Co, Pd, Pt & Au, than the area covered by the recent ground EM. There, remains several kilometres of strike on the prospective 20km long Thor magnetic trend that has not been the subject of any Surface Geochemical or EM work programs. In addition, there is another area in the Project that clearly has ultramafic rocks that are running parallel to the Thor target that remain unexplored.The South West Project (256 km2) is located -240 km south of Perth hosted in the Balingup Metamorphic Belt, within the highly prospective West Yilgarn Ni-Cu-PGE Province discovered by Chalice that hosts their Julimar discovery, which is one of the largest greenfield Ni-Cu-PGE sulfide discoveries in recent history. The two main prospects within the Project are Thor and Odin, and both contain areas of potential Nickel-Copper-PGE prospectivity.Thor is a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions. An airborne EM survey by Venture identified 13 highly conductive anomalies within the southern 6.5km of the regional magnetic feature, of which only two have been tested by single holes in Venture’s 2018 maiden drill program, with the last drill hole (TOR05) intersecting 2.4 metres of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium
Venture Minerals announced that Chalice Mining has received results from the recently completed Auger Soil Geochemistry program and has identified two new target areas having magmatic Ni-Cu-PGE sulfide potential supported by underlying geology that is consistent with the presence of ultramafic rocks, shown by elevated Cr, and lie within areas of untested airborne EM anomalies and coincident with magnetic highs at Thor, that warrant exploration follow-up.These new targets were not part of Chalice’s ground EM program completed last year and the Auger Geochemical results in these new targets have stronger coincidental magmatic indicator metals, including Ni, Cu, Co, Pd, Pt & Au, than the area covered by the recent ground EM. There, remains several kilometres of strike on the prospective 20km long Thor magnetic trend that has not been the subject of any Surface Geochemical or EM work programs. In addition, there is another area in the Project that clearly has ultramafic rocks that are running parallel to the Thor target that remain unexplored.The South West Project (256 km2) is located -240 km south of Perth hosted in the Balingup Metamorphic Belt, within the highly prospective West Yilgarn Ni-Cu-PGE Province discovered by Chalice that hosts their Julimar discovery, which is one of the largest greenfield Ni-Cu-PGE sulfide discoveries in recent history. The two main prospects within the Project are Thor and Odin, and both contain areas of potential Nickel-Copper-PGE prospectivity.Thor is a 20km long magnetic anomaly associated with chromium rich rocks indicative of mafic-ultramafic intrusions. An airborne EM survey by Venture identified 13 highly conductive anomalies within the southern 6.5km of the regional magnetic feature, of which only two have been tested by single holes in Venture’s 2018 maiden drill program, with the last drill hole (TOR05) intersecting 2.4 metres of Massive Sulfide averaging 0.5% Copper, 0.05% Nickel, 0.04% Cobalt and anomalous gold & palladium
