Venus Metals Corporation Limited (ASX:VMC)

Venus Metals Corporation Limited (ASX: VMC) announced the commencement of a Stage 2 reverse circulation (RC) drilling program at its 90%-owned Sandstone (Bellchambers) Gold Project on Mining Lease M57/671, about 23 km southwest of Sandstone in Western Australia and near the Youanmi and Two Mile Hill–Shillington gold districts. The planned seven-hole RC program is designed to follow up encouraging Stage 1 drill results reported in August 2026, including 20 m at 2.72 g/t Au from 186 m in hole 26BRC4, with higher-grade intervals of 6 m at 5.52 g/t Au from 188 m and 1 m at 9.92 g/t Au from 189 m, and 6 m at 2.24 g/t Au from 212 m in hole 26BRC3, including 1 m at 8.26 g/t Au from 216 m. The drilling is targeting extensions below the existing Bellchambers global mineral resource estimate of 766,000 tonnes at 1.27 g/t Au for 31,400 ounces and to the north of the current indicated and inferred resource at depth, where Widenbar and Associates has defined a conceptual JORC 2012-compliant exploration target of 800,000 to 950,000 tonnes at 1.75 to 2.00 g/t Au for 45,000 to 60,000 ounces of gold, while noting that the target is conceptual and insufficient drilling has yet been completed to define a mineral resource.