Venus Metals identifies 1600m gold target

• Venus Metals completed a geochemical sampling programme across its Henderson and Youanmi projects in Western Australia.
• The company's shares traded lower following the exploration update.
• The newly collected datasets will guide future geophysical surveys and exploration drilling programmes.

Venus Metals (ASX:VMC) discovered an anomalous gold target zone measuring 1600m by 450m at its Henderson Project.

The surface sampling update follows previous exploration efforts that identified separate gold trends up to 70 parts per billion.

The exploration programme involved collecting 466 auger soil samples at depths of up to 2m across three prospects.

The company stated that the results returned gold concentrations reaching up to 88 parts per billion at Snake Hill.

Following the announcement, the Venus Metals share price was down at $0.29.

The Western Australian exploration company manages a portfolio focused on gold, copper, lithium, titanium, and base metals.

The business also maintains a separate joint venture investment footprint through its shareholding in Rox Resources (ASX:RXL).