Australian base metal developer Venturex Resources Ltd ('Venturex' or 'the Company') (ASX: VXR) advises that it has now received all remaining assay results from the 2020 exploration drilling programme completed late last year at its 100%-owned Sulphur Springs Copper-Zinc Project, located 144km south of Port Hedland in WA.

Assay results from the remaining two drill-holes (BKR015 and SSR010) of the programme at Breakers and the XA8 Prospects have now been received.

Hole BKR015 is located 80m down-plunge of the exceptional intercept reported prior to Christmas at the Breakers Main Prospect of 20m @ 8.54% Zn, 0.31% Cu, 0.72% Pb and 16.2g/t Ag from 180m down-hole in BKR013, including 6m @ 19.4% Zn, 0.75% Cu, 0.63% Pb and 36.0g/t Ag from 186m, including 1m @ 16.1% Zn, 2.37% Cu and 114.0g/t Ag from 187m.

BRK015 intersected ten metres of semi-massive VMS mineralisation hosting low-grade zinc (10m @ 0.15% Zn from 201m down-hole). This intersection supports the current geological model which suggests that the base metal mineralisation discovered at the Breakers Main Gossan comprises a broad, low-to-moderate grade massive sulphide envelope surrounding several high-grade zones.

The continued discovery of widespread sulphide mineralisation at the greenfields Breakers Prospect is extremely encouraging and confirms the potential of this early-stage Prospect to substantially expand the resource base by discovering additional mineralisation both along strike and at depth.

The variable zones of high-grade copper-zinc-lead-silver mineralisation within a broader sulphide body is very similar in style to that seen at the Sulphur Springs and Kangaroo Caves Resources, and further supports the highly prospective exploration upside at the Breakers Prospect and wider Sulphur Springs Project.

As previously reported intersected only minor disseminated sulphide mineralisation at the Mafic-Ultramafic contact, followed by a fault zone. Assay results received for SSR010 have confirmed that no significant mineralisation is associated with this zone.

While the low-level mineralisation and associated fault are interpreted to represent the likely source of the target EM anomaly, DHEM is still planned to be completed on the hole. Drill-holes from the 2020 exploration programme will now serve as important platforms for deep Down-Hole Electromagnetic (DHEM) and Down-Hole Magnetometric Resistivity (DHMMR) surveys, with these scheduled to be completed at the conclusion of the Pilbara wet season.

Management Comment

Venturex's Managing Director, Anthony Reilly,said: 'Final assays from the pre-Christmas regional exploration program have confirmed our view of the Breakers Main Prospect as a priority exploration target for 2021 with a clear opportunity to grow our resource base in close proximity to the planned processing infrastructure at Sulphur Springs. While the assays for the down-plunge intercept in BKR015 were lower in grade and tenor, this is not unexpected within the variable sulphide bodies that we encounter in the Sulphur Springs district.

'We are looking forward to building on these solid results with further geophysical surveys and a drilling program targeting extensions of the mineralisation at Breakers in parallel with a planned deep drilling program at the main Sulphur Springs resource.'

Contact:

Tel: +61 8 6389 7400

Email: admin@venturexresources.com

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with two advanced Copper-Zinc Projects near Port Hedland in the Pilbara region of Western Australia. The two projects are the Sulphur Springs Project which includes the Sulphur Springs Project, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend. and a Joint Venture at the Whim Creek Project which includes the Resources at the Whim Creek, Mons Cupri and Salt Creek mines together with the Evelyn project and 18,100 ha of prospective tenements over the Whim Creek basin.

Competency Statements

The information in this announcement that relates to Exploration Results is based on information compiled or reviewed by Mr Luke Gibson who is an employee of Venturex. Mr Gibson is a member of the Australian Institute of Geoscientists and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Gibson consents to the inclusion in the report of the results reported here and the form and context in which it appears.

No New Information or Data

This announcement contains references to exploration geophysical exploration results and Mineral Resource and Ore Reserve estimates, which have been cross referenced to previous market announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and that all material assumptions and technical parameters underpinning those estimates in the relevant market announcements continue to apply and have not materially changed.

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