- Zenith Minerals (ZNC) begins infill and extensional aircore drilling at the Split Rocks gold project in Western Australia
- Roughly 100 holes will be drilled at the Dulcie Far North, Dulcie North, Scott’s Grey and Estrella prospects
- Once this aircore drilling wraps up, reverse circulation (RC) drilling will be undertaken on the significant near-surface results
- Zenith ends the day in the grey with shares trading at 20.5 cents
Zenith Minerals (ZNC) has begun infill and extensional aircore (AC) drilling at the Split Rocks gold project in Western Australia.
The Split Rocks Project lies within the Southern Cross region in the Forrestania greenstone belt, about halfway between Perth and Kalgoorlie.
Roughly 100 holes will be drilled at the Dulcie Far North, Dulcie North, Scott’s Grey and Estrella prospects.
Once this aircore drilling wraps up, reverse circulation (RC) drilling will be undertaken on the significant near-surface results.
A major targeting program by Zenith’s geological team identified 12 high-quality gold drill targets, subsequently expanded to 18.
Drilling to date has tested 12 targets with best results including 32 metres at 9.4 grams of gold per tonne (g/t) including nine metres at 31.4g/t gold, and 18 metres at 2g/t gold including one metre at 23.7g/t gold.
Chairman Peter Bird commented on the drilling program.
“We have now identified multiple mineralised structures that extend over a cumulative strike of more than three kilometres,” Mr Bird said.
“This phase focuses on testing the continuity of gold mineralisation within the individual shear zones as we work towards building gold inventory later in the year. At that point real value can be ascribed to the property.”
Zenith has ended the day in the grey with shares trading at 20.5 cents in a $66.06 million market cap.