Venus Metals Corporation Limited Secures Key Bellchambers Mining Lease, Paving the Way to Unlock 30,500 Ounces of Gold Resources and Optimized Open-Pit Plans

Friday, July 25, 2025
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9:06 am
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Venus Metals Corporation Limited has secured a key mining lease for its Bellchambers gold project. Encouraging drilling results and metallurgical tests underpin plans for updated resource estimates and mine development—an important milestone that could boost prospects as the company advances its gold exploration strategy.

Venus Metals Corporation Limited has reached a significant milestone with the approval of its Bellchambers mining lease, a development that pushes its Sandstone (Bellchambers) Gold Project closer to production. The newly granted mining lease covers approximately 415 hectares and includes both the Bellchambers deposit and the nearby Range View prospect. According to past resource estimates, the Bellchambers deposit contains around 722,000 tonnes grading 1.31 g/t Au, amounting to roughly 30,500 ounces of gold—with 22,100 ounces classified as indicated and 8,400 ounces as inferred. Recent reverse circulation drilling has produced promising results. Notable gold intercepts reported include 29 meters at 1.55 g/t Au, 30 meters at 1.72 g/t Au, and a high-grade intercept of 19 meters at 3.74 g/t Au within the Bellchambers area. Additional encouraging results were obtained at the Range View area. Alongside these drilling successes, metallurgical samples have been collected and sent for detailed testing to estimate future recoveries. The completion of additional diamond drill holes in the resource area further supports ongoing geotechnical analysis and supplementary test work. The company is now focused on updating its Mineral Resource Estimate to provide clearer guidance for economic evaluation. An experienced mining engineering group based in Kalgoorlie has been engaged to optimize the potential open pit design, layout, and pit configuration. Venus Metals Corporation is also in the process of gathering various quotes to address the requirements for their Mining Development and Closure Proposal—a key step toward obtaining final mining approvals. For investors, the technical achievements and strategic project milestones suggest a cautiously optimistic outlook. Bullish sentiment is supported by the strong drilling results, a clear pathway toward updated resource estimates, and progress in mining design and economic analysis. These factors indicate that the project is moving steadily toward production, reducing some risks typically associated with early-stage exploration. On the other hand, bearish sentiment might center on the inherent uncertainties of large-scale mining developments, such as potential fluctuations in metallurgical recoveries and regulatory hurdles during the permitting process. For beginner traders exploring the gold sector, this news from Venus Metals Corporation Limited highlights important progress while also underscoring the traditional risks that accompany exploration and development projects.

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