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Testing at Split Rocks returns high-grade gold recoveries for Zenith Minerals (ASX:ZNC)

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ASX:ZNC      MCAP $29.95M
31 March 2021 16:40 (AEST)

Initial metallurgical tests at Zenith Minerals’ (ZNC) Split Rocks gold project in Western Australia have yielded some encouraging early findings.

Split Rock is located within the Southern Cross region in the Forrestania greenstone belt, which has hosted several large previously operated gold mines north and south along south of Zenith’s project area.

The explorer is undertaking metallurgical tests to aid with ongoing exploration targeting in a bid to identify commercial-scale mineralisation, with three samples having been examined so far.

Pleasingly for Zenith, the testwork has shown high-gold extraction in all three gold mineralisation samples, with an average recovery of more than 92 per cent.

High total gold extraction for all three samples came in at 95 per cent, 93.3 per cent and 90.4 per cent.

Zenith Executive Chairman Peter Bird described the returned data as “very good news”.

More broadly, the explorer affirms these findings are considered representative of the gold mineralisation drilled to date at the Dulcie laterite pit target and that even relatively low-grade gold mineralisation should be included in the drill target mix.

Based on these findings, Zenith has laid plans for additional gold-leaching testwork, although a comprehensive testwork program based around diamond drill core, column leach and screening tests will be required to provide more
definitive metallurgical results.

Drilling is to continue on the property for at least the next six months.

Zenith Minerals shares are down 4.17 per cent, trading at 11.5 cents at 3:15 pm AEDT.

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