ASX: VXR

Sulphur Springs Deposit

The Sulphur Springs project is located 144 km to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 km Panorama Trend that contains six advanced targets that have returned intersections of commercial grade copper and zinc.

High Grade

Near Term Development

Cornerstone Asset

Multiple Advanced Drill Targets – Open On All Sides

JORC Compliant Resources
Total
Mt Cu % Zn % Ag g/t
17.4 1.3 4.2 17

The Sulphur Springs Deposit shows typical VMS morphology with a copper-zinc rich massive sulphide lens that is underlain by a copper rich stringer zone up to 50m in width. Mineralisation has been drilled over a strike of approximately 500m, and to a depth of approximately 400m below surface. Drilling below 400m vertical is sparse offering excellent exploration upside.

Kangaroo Caves Deposit

The deposit is located 7km south-east of the Sulphur Springs Deposit. Geologically the deposit sits at the same stratigraphic horizon as Sulphur Springs but has a shallower dip of approximately 300m to the northwest.

The deposit has been drilled along a strike length of 300m and has been traced by drilling to 1,000m down dip.

Further Work & Exploration Potential

Other advanced prospects occur to the south of Kangaroo Caves and include Breakers, Man O’ War, Anomaly 45 and Jamesons which are all located on the same stratigraphic horizon. At each of these prospects drilling has returned ore grade copper and zinc intersections.

The Company considers the potential to discover additional Copper and zinc resources along the Panorama Trend to be excellent. Exploration work is aimed at identifying ancient volcanic centres that may have been the focus for sulphide fluid migration and subsequent deposition. The Company is using an earlier CSIRO study on the spectral signature along the Panorama Trend to identify targets. The Company continues to refine this model to define targets for future exploration.

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