South West Projects, Western Australia

The Thor Prospect is located 240 km south of Perth, hosted within the in the Balingup Gneiss Complex. A joint venture between Teck Cominco and BHP Billiton, first identified this area as being prospective for base and precious metals hosted within the complex. The joint venture completed surface sampling and airborne EM surveys which culminated in the discovery of a base and precious metals deposit (Kingsley Prospect) which Teck identified as a meta-VMS (Volcanogenic Massive Sulphide) system in high grade metamorphic rocks. Venture's nearby Thor prospect hosts a strong and coherent arsenic in laterite anomaly with locally elevated levels of Cu, Zn, Sn, Bi and Sb, elements that are typically elevated in VMS systems. 

The Company continues to move forward on drilling access documentation for the Thor Prospect and was successful in securing co-funding from the State Government for the maiden drill program. 

In addition, Venture's exploration team has recently secured the northern extension of the Thor target with up to an additional 14 strike km of prospective VMS host unit occurring within the new tenement application.  This has resulted in a further 62 km2 of tenure to the project area.

 

Thor & Odin Prospect Location Plan

Thor and Kingsley Tungsten in laterite anomalies over airborne EM image conductivity