Global Metals Exploration NL announced they’ll start drilling at the Mt. Venn project within the next few days. GXN plans to drill 6 to 8 holes, targeting five electromagnetic anomalies.
[image_frame style=”framed” title = “Planned RC drill holes at Mt Venn; Figure 4 (overleaf) Magnetics and VTEM targets at Mt. Venn” align=”left” height=”150″ width=”one_third”]http://www.caesarsreport.com/wp-content/uploads/2012/08/GXN4.jpg[/image_frame]
The Mt. Venn is a historically very interesting project, as it was previously owned by Tasminex NL, which discovered high grade copper and nickel mineralization in the seventies. Tasminex sampled the surface and received assays up to 13.2% copper. As only 6-8 holes will be drilled, we expect to see the assay results in early October.
You can read the entire press release [download_link link=”http://gmetex.com.au/sites/default/files/asx/120808%20-RC%20Drill%20Campaign%20now%20commencing%20at%20Mt%20Venn.pdf” target=”blank”]here (pdf).[/download_link]
Disclosure: Global Metals Exploration NL is a sponsoring company. Please see our disclaimer for current positions.
