Venus Metals Corporation has made significant strides in its exploration efforts at the Bellchambers Gold Project, located near Sandstone in Western Australia’s Mid West region. Utilizing advanced technology developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO), the company has identified new, undrilled zones with potential gold deposits. This breakthrough comes from a hyperspectral study that revealed anomalous areas closely associated with gold mineralization.
The CSIRO-led research, part of the Kick-Start program, employs cutting-edge “mineral fingerprinting” technology. This method combines satellite hyperspectral imagery with high-resolution drill-core scanning through the proprietary HyLogger-3 system. By capturing specific wavelengths of invisible light, the technology can detect subtle changes in rock minerals that often indicate nearby gold.
At Bellchambers, the study identified significant signatures related to alterations in the mineral chlorite, which typically shows increased iron enrichment in proximity to gold deposits. The ability to connect these findings from drill cores to satellite imagery has opened up new possibilities across the tenement, including in previously unexplored areas.
The hyperspectral data also distinguishes between original rock formations and those altered by weathering and erosion. This clarity enhances confidence in targeting surface indicators that may connect to deeper gold systems. The newly identified hotspots will undergo field verification and will be integrated into Venus’ exploration model, refining the search for further extensions and new zones at Bellchambers.
Currently, the combined resources of the Bellchambers and Range View projects are substantial, estimated at 766,000 tonnes at 1.27 g/t gold, translating to approximately 31,400 ounces. With gold prices nearing A$7400 per ounce, the in-ground value of these resources is projected to reach nine figures.
In addition, Venus Metals has formulated a conceptual exploration target for the two zones, estimating 800,000–900,000 tonnes at 1.75–2.0 g/t gold, which could yield an additional 45,000–60,000 ounces. The company plans to initiate a pre-feasibility study later this year to further evaluate these opportunities.
The recent progress has strengthened Venus’ position in the market, particularly in light of an opportunistic bid from QGold at 21 cents per share, valuing the company at just $41.5 million. Venus’ board has deemed this offer significantly undervalued compared to the true worth of its combined assets and has advised shareholders to reject the proposal.
The exploration advancements also coincide with Venus’ strategic review launched in collaboration with Sydney’s amicaa Advisors. This initiative aims to maximize shareholder value from the company’s Western Australia portfolio. Among the standout assets are a 1 percent net smelter royalty on Rox Resources’ 2 million ounce Youanmi gold project, recently assessed at A$40 million, and a shareholding in Rox valued at about A$30 million. Together, these assets contribute nearly A$70 million in exposure to the Youanmi project.
As gold prices remain strong and with valuable assets in play, the recent hyperspectral findings at Bellchambers highlight Venus Metals Corporation’s potential, which appears to exceed current market valuations as the bidding deadline approaches and the broader investment landscape becomes clearer.
