stolwyk
12-02-2007, 04:46 PM
VMS: Venture Minerals Ltd: http://www.ventureminerals.com.au/
Shares: 45 mill of which 26.25 mill are listed. Also listed 15 mill options, convert before June 30, 2008 @ 25 cents. Also 7.1 mill. unlisted 2008/2009 options
VMS was listed in Sept 2006.
Cash on 31 Dec: $4.33 mill and quarterly outflow: $0.25 mill.
12 Febr: 2007: Trading Halt
14 Aug 2006: Disclosure Document:
http://sa.iguana2.com/cache/1ee060833540695c606fe04508051e0e/ASX-VMS-331283.pdf
Projects: http://www.ventureminerals.com.au/projects.html
1. URANIUM
Lake Maitland.
27 Sept 2006: Increases landholding adjacent to the Lake Maitland
http://sa.iguana2.com/cache/f674cad432d3073fe4a7c407d349a72c/ASX-VMS-335597.pdf
From Website: The Maitland Channel project covers 140 km “strike” of a Tertiary palaeochannel system, that contains the calcrete-hosted Uranium deposits of Lake Maitland (Redport Limited), Lake Way (Nova Energy Limited), Centipede (Nova Energy Limited) and Yeelirrie (BHPBilliton). The project includes tenure adjacent to the Lake Maitland uranium deposit".
2. IRON OXIDE-COPPER-GOLD-URANIUM
Churchill Dam.
5 Oct 2006: Gravity survey highlights Olympic Dam Style target
http://sa.iguana2.com/cache/01fc12492990cae6d1829d98f94be106/ASX-VMS-336849.pdf
"The Board of Venture Minerals Limited (ASX code: VMS) is pleased to announce that a recent groundbased gravity survey at the Churchill Dam Project in the Gawler Craton, South Australia has confirmed the presence of a significant gravity anomaly prospective for Iron-oxide - Copper - Gold - Uranium (IOCGU) style deposits (Fig 1)".
The Churchill Dam Project is situated within the Olympic Dam Iron-oxide - Copper - Gold - Uranium province, approximately 95km west of the recently discovered Carrapateena Prospect and 90km southwest of the world class Olympic Dam Mine".
30 Jan 2007: Drilling commences at Churchill Dam
http://sa.iguana2.com/cache/2ee148f0acb99e218f37e7162397acc7/ASX-VMS-349693.pdf
"Australian based mineral exploration company Venture Minerals Limited (ASX code: VMS) has commenced a drilling program at its highly prospective iron-oxide-copper-gold-uranium (IOCGU) project at Churchill Dam, situated within the Olympic Dam IOCGU province of South Australia (Fig 1).
"The drilling has begun on the first hole to test the significant gravity anomaly at Churchill Dam. The drill target comes from a recently completed geophysical survey that defined a gravity anomaly approximately 4 milligals in magnitude. The anomaly is up to 4km wide and extends over a strike of 12km (Fig 1).
"To effectively test the target, the company has engaged the services of a KL900 multi-purpose drill rig (capacity to drill diamond core to 1,100 metres) from the highly experienced drilling firm of Wallis Drilling Pty Ltd to complete the drill program".
6 Febr 2007: Drilling update:
http://sa.iguana2.com/cache/ebf1c4e65c27db4c6d08d37ec7c1af1d/ASX-VMS-350829.pdf
"As at the end of day shift yesterday the drill rig had reached a depth of 530 metres on drill hole CHRCD001. The initial part of this drillhole (the pre-collar) was done using the RC (reverse circulation) method which achieved a depth of 244 metres by last Friday 02 February 2007".
3. GOLD/COPPER
Paulsens South Proj.
Nov 16: Significant gold/copper mineralisation at Paulsens Sth Proj
http://sa.iguana2.com/cache/7ad3d665eff0d97a705c835ba1adfb97/ASX-VMS-342130.pdf
4. TIN - No update available
Tasmania.
From website: "The Renison West project is located 15 km northwest and along strike of the world class Renison Bell Tin deposit in Tasmania, which has produced more than 200,000 tonnes of tin metal. The project has established a mineralised zone within one skarn host rock with several other similar skarns either poorly tested or not drill tested at all. The project area has not been explored with modern techniques for over 20 years and is considered highly prospective in terms of discovering further tin resources. The project is also proximal to the ultramafic complex which hosts the Avebury Ni skarn deposit".
Shares: 45 mill of which 26.25 mill are listed. Also listed 15 mill options, convert before June 30, 2008 @ 25 cents. Also 7.1 mill. unlisted 2008/2009 options
VMS was listed in Sept 2006.
Cash on 31 Dec: $4.33 mill and quarterly outflow: $0.25 mill.
12 Febr: 2007: Trading Halt
14 Aug 2006: Disclosure Document:
http://sa.iguana2.com/cache/1ee060833540695c606fe04508051e0e/ASX-VMS-331283.pdf
Projects: http://www.ventureminerals.com.au/projects.html
1. URANIUM
Lake Maitland.
27 Sept 2006: Increases landholding adjacent to the Lake Maitland
http://sa.iguana2.com/cache/f674cad432d3073fe4a7c407d349a72c/ASX-VMS-335597.pdf
From Website: The Maitland Channel project covers 140 km “strike” of a Tertiary palaeochannel system, that contains the calcrete-hosted Uranium deposits of Lake Maitland (Redport Limited), Lake Way (Nova Energy Limited), Centipede (Nova Energy Limited) and Yeelirrie (BHPBilliton). The project includes tenure adjacent to the Lake Maitland uranium deposit".
2. IRON OXIDE-COPPER-GOLD-URANIUM
Churchill Dam.
5 Oct 2006: Gravity survey highlights Olympic Dam Style target
http://sa.iguana2.com/cache/01fc12492990cae6d1829d98f94be106/ASX-VMS-336849.pdf
"The Board of Venture Minerals Limited (ASX code: VMS) is pleased to announce that a recent groundbased gravity survey at the Churchill Dam Project in the Gawler Craton, South Australia has confirmed the presence of a significant gravity anomaly prospective for Iron-oxide - Copper - Gold - Uranium (IOCGU) style deposits (Fig 1)".
The Churchill Dam Project is situated within the Olympic Dam Iron-oxide - Copper - Gold - Uranium province, approximately 95km west of the recently discovered Carrapateena Prospect and 90km southwest of the world class Olympic Dam Mine".
30 Jan 2007: Drilling commences at Churchill Dam
http://sa.iguana2.com/cache/2ee148f0acb99e218f37e7162397acc7/ASX-VMS-349693.pdf
"Australian based mineral exploration company Venture Minerals Limited (ASX code: VMS) has commenced a drilling program at its highly prospective iron-oxide-copper-gold-uranium (IOCGU) project at Churchill Dam, situated within the Olympic Dam IOCGU province of South Australia (Fig 1).
"The drilling has begun on the first hole to test the significant gravity anomaly at Churchill Dam. The drill target comes from a recently completed geophysical survey that defined a gravity anomaly approximately 4 milligals in magnitude. The anomaly is up to 4km wide and extends over a strike of 12km (Fig 1).
"To effectively test the target, the company has engaged the services of a KL900 multi-purpose drill rig (capacity to drill diamond core to 1,100 metres) from the highly experienced drilling firm of Wallis Drilling Pty Ltd to complete the drill program".
6 Febr 2007: Drilling update:
http://sa.iguana2.com/cache/ebf1c4e65c27db4c6d08d37ec7c1af1d/ASX-VMS-350829.pdf
"As at the end of day shift yesterday the drill rig had reached a depth of 530 metres on drill hole CHRCD001. The initial part of this drillhole (the pre-collar) was done using the RC (reverse circulation) method which achieved a depth of 244 metres by last Friday 02 February 2007".
3. GOLD/COPPER
Paulsens South Proj.
Nov 16: Significant gold/copper mineralisation at Paulsens Sth Proj
http://sa.iguana2.com/cache/7ad3d665eff0d97a705c835ba1adfb97/ASX-VMS-342130.pdf
4. TIN - No update available
Tasmania.
From website: "The Renison West project is located 15 km northwest and along strike of the world class Renison Bell Tin deposit in Tasmania, which has produced more than 200,000 tonnes of tin metal. The project has established a mineralised zone within one skarn host rock with several other similar skarns either poorly tested or not drill tested at all. The project area has not been explored with modern techniques for over 20 years and is considered highly prospective in terms of discovering further tin resources. The project is also proximal to the ultramafic complex which hosts the Avebury Ni skarn deposit".