- Zenith Minerals (ZNC) has begun a large drilling program at its Split Rocks gold project in Western Australia
- Up to 100 aircore holes will be drilled to test key targets at Dulcie Far North and to the north of the Estrella gold prospect
- So far, drilling has tested 11 of the 18 recently identified targets with up to 31.4g/t gold intersected
- The remaining targets are yet to be tested but first pass drilling has now begun and will be completed in tandem with follow-up reverse circulation drilling
- Drilling is expected to take two to three weeks to complete with results expected a further three weeks after that
- Zenith has ended the day 1.72 per cent in the green with shares trading at 29.5 cents
Zenith Minerals (ZNC) has begun a large drilling program at its Split Rocks gold project in Western Australia.
Up to 100 aircore holes will be drilled to test key targets at Dulcie Far North and to the north of the Estrella gold prospect.
A previous targeting program initially identified 12 high-quality gold targets at Split Rocks, however, this was extended to 18 after additional targets were identified in the eastern section of the project.
So far, drilling to date has tested 11 of these targets with best results of 32 metres at 9.4g/t gold including nine metres at 31.4g/t gold and 18 metres at 2g/t gold including one metre at 23.7g/t gold returned.
The remaining targets are yet to be tested, but first pass drilling has now begun and will be completed in tandem with follow up reverse circulation drilling.
Drilling is expected to take two to three weeks to complete with results expected a further three weeks after that.
“This aircore drill program is a very cheap and effective way to advance this highly prospective gold project,” Chairman Peter Bird said.
“Split Rocks has the potential to deliver gold resources in a very short timeframe. The company remains very focused on delivering projects of scale to its portfolio,” he added.
Zenith has ended the day 1.72 per cent in the green with shares trading at 29.5 cents in an $85.36 million market cap.