Venture Minerals Limited - Getting Closer to the Julimar look-alike.
Venture Minerals Limited (ASX:VMS) has just received some interesting news on their Thor JV with Chalice Mining.
The Thor JV has been one of the company's assets that has an active exploration program. It is an important part of the portfolio of assets which is worked by Chalice Mining. We have had a Coffee with Samso that was dedicated to that topic (Julimar's Twin Brother - The Thor Project - Venture Minerals Limited (ASX: VMS) - Episode 83) as there is a lot of interest riding on what Chalice is doing at the project.
To me, the recent announcement that was published on the 13th July has something that is very interesting. The area that they have identified is at what I thought was a jog or an area where some extension may have happened. This is fairly observant from the magnetic image where is this distinct bend.
This is a very early stage target and I am not saying that there is a X on the ground to discover. What is nice to see is the coincidence with the geophysics. The subtle nature of the wording in the announcement is not consistent with my observation.
What I mean is that if they did not find anything geochemically at that spot, I would have been disappointed. I encourage viewers to watch and listen to Andrew as this has some good points for investors to consider with the "tough" times current on the market.
Chapters:
00:00 Start
00:20 Introduction
01:01 Andrew updates
02:55 The Two Targets.
07:26 Maybe Chalice have found the sweet spot.
12:05 The Western Yilgarn margin?
14:16 Factors that create mineral exploration discoveries.
19:48 Market and Exploration Expectations.
20:36 Other Venture projects?
24:24 The need to understand market sentiment and mineral exploration.
26:40 The need for investors to play the patience game.
27:37 Andrews last words.
29:05 Conclusions