- Zenith Minerals (ZNC) returns encouraging drill results from its Split Rocks gold project, located halfway between Perth and Kalgoorlie in Western Australia
- The company says the Dulcie Far North prospect shows near-surface gold mineralised trends over about one kilometre of strike
- The latest results come from the first 50 holes of a 150-hole aircore and reverse circulation drill program completed late last year
- RC drilling is planned to resume at Split Rocks later this month
- ZNC shares are up 5.13 per cent to 41 cents
Zenith Minerals (ZNC) has reported encouraging drill results from drilling at the Dulcie Far North prospect at its Split Rocks gold project, located halfway between Perth and Kalgoorlie in Western Australia.
The company said the new assay data for Dulcie Far North came from the first 50 holes of a 150-hole aircore and slimline reverse circulation drill program completed late last year.
Dulcie Far North was one of six targets tested in the program.
Better initial four-metre composite intersections included 12 metres grading 2.9 grams per tonne gold from 24 metres and three metres at at 2.8 g/t from 60 metres.
The results point to the continuity of near-surface gold mineralised trends at Dulcie Far North over a strike length of about one kilometre north-south, according to Zenith.
They come on the back of the company’s announcement this month that it was refocusing on lithium, backed by a new joint venture with the EV Metals Group (EVM).
In September last year, Zenith unveiled a high-grade intercept of four metres at 10.2 g/t gold including two metres at 19.8 g/t from Dulcie Far North.
CEO Mick Clifford said he was pleased drilling at Split Rocks continued to deliver “highly encouraging” gold hits.
Assay results for the remaining 100 holes from the adjoining Dulcie North, Scott’s Grey, Water Bore, British Hills East and Estrela prospects were pending.
The company said it was planning to kick off a follow-up RC drilling at Split Rocks later this month as it looked to better define and extend gold mineralisation in the bedrock at Dulcie Far North, as well as at Dulcie Laterite Pit, Dulcie North and Water Bore.
ZNC shares were trading 5.13 per cent higher at 41 cents at 2:10 pm AEDT.