Ventnor Resources (ASX: VRX) continues to attract investor attention, propelling shares upwards 27% to an intra-day high of A$0.57 yesterday compared to a week earlier, which has earned it yet another price and volume query from the ASX.
Shares rose from a close of $0.45 on Thursday 28 June on the exchange of over 3 million shares during the period.
Ventnor responded to the ASX saying it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.
It appears the anticipation is building as the company continues to aggressively pursue its goal of delivering a maiden JORC Resource for the Thaduna and Green Dragon Copper Project in the September quarter of 2012.
So far this year, the company has drilled 34 reverse circulation holes for 6,302 metres and 23 diamond tails for 2,877 metres.
A further 4,000 metres of drilling remain for Ventnor to complete Phase 4 drilling at the project.
The first three phases of drilling at the project were successful in identifying potentially economic, open pittable copper mineralisation at two prospects.
Following the receipt of results from Phase 4 drilling, Ventnor will be able to define a JORC Resource.
The 700 metre long, 80 metre wide Thaduna Copper Mine is located about 40 kilometres east of Sandfire Resources' (ASX: SFR) DeGrussa Project, which hosts 14.6 million tonnes at 4.6% copper and 1.6 grams per tonne gold.
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