Venture commences drilling at West Maitland

Venture Minerals Ltd has commenced drilling at its West Maitland uranium....

  Venture Minerals Ltd has commenced drilling at its West Maitland uranium prospect located in the North Eastern Goldfields of Western Australia.The 148sqkm West Maitland area forms part of the company’s Maitland Channel Uranium project and covers 25km of palaeochannel (an old river system) landholdings including the un-drilled western extension of the Lake Maitland radiometric Uranium anomaly.Venture’s West Maitland Uranium prospect is located 12km west of Mega Uranium’s Lake Maitland Deposit.Historic drilling by Mt Isa Mines and BP Minerals immediately east of Venture’s tenure intersected carnotite – the main source of uranium mineralisation in calcrete deposits including the nearby Lake Maitland Deposit (J.O.R.C. compliant Inferred Resource of 32.7 Mt at 0.033% U3O8, Mega Uranium Ltd).The company’s aircore drilling program at West Maitland will take approximately two weeks.In addition to the commencement of drilling at West Maitland the follow-up drilling has now been completed at Southeast Yeelirrie. Drilling was designed to further test the anomalous uranium trend identified during the broad spaced reconnaissance drill program that was finished in June. Results are expected shortly.Venture Minerals Managing Director Andrew Radonjic said the company remained committed to its uranium exploration program at the Maitland Channel Project and was looking forward to this aggressive drilling program at the highly prospective West Maitland area.“The West Maitland area is the highest priority uranium target within the project as it represents the greatest probability of delivering exploration success to the company,” Mr Radonjic said.