{"id":5615,"date":"2024-02-09T01:31:13","date_gmt":"2024-02-09T01:31:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=5615"},"modified":"2024-02-09T01:31:13","modified_gmt":"2024-02-09T01:31:13","slug":"venture-minerals-produces-super-high-grade-rare-earth-grades-at-hang-on-jupiter-yep","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5615","title":{"rendered":"Venture Minerals produces super-high grade rare earth grades at\u2026 hang on, Jupiter? Yep"},"content":{"rendered":"<p>Record intersection of 48m @ 3,025ppm TREO from Stage 1 drilling at Venture\u2019s Jupiter prospect in WA<br \/>\nThis is understood to be the highest grade clay-hosted REE intersection ever for an Australian project<br \/>\nHigh grades of valuable magnetic rare earths counted<br \/>\nAssays pending on remaining 57 holes<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: If you thought there wasn\u2019t a clay-hosted rare earths deposit in WA\u2019s Mid West, well \u2013 you\u2019d be wrong. Venture Minerals has received its first batch of assay results from Stage 1 resource definition drilling at the Jupiter REE prospect, hitting a record 48m @ 3,025ppm in total rare earth oxides (TREO). <\/strong><\/p>\n<p>The Jupiter prospect \u2013 part of <a href=\"https:\/\/stockhead.com.au\/company\/venture-minerals-vms\/\"><strong>Venture Minerals (ASX:VMS)<\/strong><\/a> overall Brothers project \u2013 is spaced over 40km2 and has the potential to host REEs of significant scale and grade close to <a href=\"https:\/\/stockhead.com.au\/company\/lynas-lyc\/\"><strong>Lynas Rare Earths\u2019 (ASX: LYC)<\/strong><\/a> Mt Weld rare earths concentrator and <a href=\"https:\/\/stockhead.com.au\/company\/iluka-resources-ilu\/\"><strong>Iluka Resources\u2019 (ASX: ILU)<\/strong><\/a> Eneabba refinery currently in development.<\/p>\n<p>VMS <a href=\"https:\/\/stockhead.com.au\/resources\/consistent-clay-intersections-a-promising-sign-for-venture-minerals-first-resource-drilling-program-at-jupiter\/\"><strong>recently completed 81 holes<\/strong><\/a> totalling 5,074m on a 1,000m by 500m spaced pattern in this first stage resource program.<\/p>\n<p>Most holes returning broad consistent zones of clay via portable XRF, confirming the presence of REE mineralisation.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Rare earths on Jupiter<\/strong><\/h2>\n<p>The first batch of Stage 1 assays have returned consistent high-grade zones of 20-30m widths with &gt;2,000ppm TREO in 23\/24 (96%) of the holes at the Jupiter prospect, part of the Brothers REE project in WA\u2019s Mid West.<\/p>\n<p>Some of the best numbers seen at Jupiter show very high-grade results in holes BRRC031 and BRRC074 with up to 10,266ppm and 20,538ppm TREO respectively.<\/p>\n<p>The same lot of assays importantly confirm high values of magnet rare earth oxides (MREO) in TREO of up to:<\/p>\n<p>3,288 ppm Nd2O3 (Neodymium)<br \/>\n788 ppm Pr6O11 (Praseodymium)<br \/>\n674 ppm Dy2O3 (Dysprosium)<br \/>\n101 ppm Tb2O3 (Terbium)<\/p>\n<p>The headline result of 48m @ 3,025ppm TREO in BRRC71 is understood to be the highest grade clay-hosted REE intersection ever recorded for an Australian project.<\/p>\n<p>\u00a0<\/p>\n<p>Recent drill holes at the Jupiter prospect. Pic: Supplied (VMS)<\/p>\n<p>\u00a0<\/p>\n<p>VMS managing director Andrew Radonjic says the record-breaking, ultra-high grade REE clay results at Jupiter places the company well above its peers in terms of both grade and scale.<\/p>\n<p>\u201cWhat\u2019s incredible is that these results are not isolated. They confirm consistent grades over 2,000 ppm TREO in broad widths of 20-30 meters in 96% of the holes and that is sitting within zones of around 60 m over 1,000 ppm TREO,\u201d Radonjic says.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>More to come<\/strong><\/h2>\n<p>Further drill results are pending for the company\u2019s maiden resource drill program at Jupiter.<\/p>\n<p>\u201cThis drilling is widely spaced and down the track we will be working on infill drilling with the potential to uncover more impressive grades,\u201d Radonjic says.<\/p>\n<p>\u201cMost drilling will be shallow aircore and RC, so it\u2019s highly cost-effective.<\/p>\n<p>\u201cKeep in mind that these results cover a small area of our enormous, 40km2 target and you can certainly understand that Jupiter is shaping up to be an incredibly impressive project.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Venture Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/venture-minerals-produces-super-high-grade-rare-earth-grades-at-hang-on-jupiter-yep\/\">Venture Minerals produces super-high grade rare earth grades at\u2026 hang on, Jupiter? Yep<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Record intersection of 48m @ 3,025ppm TREO from Stage 1 drilling at Venture\u2019s Jupiter prospect in WA This is understood to be the highest grade <a href=\"https:\/\/economicherald.net\/?p=5615\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":5616,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Venture Minerals produces super-high grade rare earth grades at\u2026 hang on, Jupiter? 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