Caesar Project, Nickel-Copper, Western Australia

The Caesar Project is located approximately 200 km north northeast of Geraldton and consists of a granted exploration license covering 49 km² as well as an additional 193 km² in an exploration license recently granted to Venture Minerals.

 

Caesar Project - Location Map

 

Venture Minerals has entered into an earn-in agreement with Muggon Copper Pty Ltd, whereby Venture can earn up to a 75% interest in the Caesar Project via exploration expenditure. Should exploration be successful, Venture can increase its ownership to 90% by funding a bankable feasibility study (Refer ASX announcement dated 23 November 2016). 

Previous exploration work on the Caesar Project, including surface geochemistry (lag sampling) and petrology that showed the presence of disseminated nickel and copper sulphides, and surface geochemical anomalism associated with a number of gabbroic intrusives. Subsequent exploration programs completed by Venture have included infill and extensional lag sampling, detailed geological mapping and petrology and the completion of a high-powered EM survey study.

A single deep diamond drill hole (CSD01) which was co-funded by the Western Australian State Government has been completed at the Caesar Project. The drill hole was designed to test the coincidental EM and geochemical anomaly for nickel and copper sulphides. Assay results are awaiting. 

 

Caesar Project - surface geology with Nickel geochemical results and EM response