Venus Metals Corporation Limited has announced the completion of its recently executed reverse circulation drilling program at the Bellchambers Gold Deposit and Rangeview prospects, situated approximately 23 kilometers south of Sandstone, Western Australia. The program, which involved 34 RC holes totalling 1,749 meters, was designed to confirm and infill key areas within the current Mineral Resource Estimate. At Bellchambers, notable intercepts include 29 meters at 1.55 g/t gold, 30 meters at 1.72 g/t, and a standout result of 19 meters at 3.74 g/t—this latter interval notably includes 1 meter at an impressive 38.30 g/t gold. In addition, the Rangeview prospects showed encouraging results with intercepts of 9 meters at 1.12 g/t and 13 to 18 meters grading around 1.24–1.60 g/t gold, including a higher grade segment of 1 meter at 11.50 g/t. The drilling program was conducted within the existing Mineral Resource Estimate envelope for Bellchambers, currently reported at 722,000 tonnes averaging 1.31 g/t gold for a total of 30,500 ounces, with 22,100 ounces in the measured and indicated category and 8,400 ounces inferred. The results are consistent with the anticipated mineralisation character, which is associated with quartz veining and sulphide accumulations in a strongly sheared package comprising banded iron formations, cherts, high magnesium basalts, and minor ultramafic units. The company noted that oxidation effects extend to about 45–50 meters vertical depth and planned to refine the resource estimate further, with an updated report expected within the next two months. Representative samples from the drilling are now being collected for metallurgical testing, and a diamond drilling campaign is scheduled to commence shortly to augment the data set for potential mine development. Market sentiment on this news appears mixed. On the bullish side, the drilling results reinforce confidence in the deposit’s grade and continuity, with several strong intercepts providing a solid foundation for potentially upgrading portions of the resource from indicated to measured. The clear pathway for further metallurgical testing and diamond drilling also underpins future development prospects, which could add value if resource estimates are refined further. Conversely, a bearish perspective might point to the inherent uncertainty in early-stage drilling programs and the need for further data to fully define the geometry and true widths of the mineralisation. Additionally, while individual intercepts are strong, the overall improvement to the resource remains to be confirmed, meaning that investors should remain cautious as the project evolves.