- Zenith Minerals (ZNC) defines a new nickel-copper platinum group element target at the Waratah Well JV project in Western Australia
- The target was identified through surveying of a soil geochemical anomaly defined through a re-analysis of soil geochemical samples
- Further processing of the geophysical data and interpretation is planned prior to drilling scheduled for later this month or early October
- Zenith also plans to undertake deeper reverse circulation drilling to follow up thick lithium pegmatites reported in July
- Company shares are up 11.9 per cent and are trading at 33 cents at 2:30 pm AEST
Zenith Minerals (ZNC) has defined a new nickel-copper platinum group element target at the Waratah Well project in Western Australia.
The project is part of the Zenith lithium joint venture (JV) with EV Metals, under which ZNC retains 100 per cent of the platinum group elements recovered.
Moving loop electro-magneitc geophysical surveying was completed across a soil geochemical anomaly defined through a re-analysis of soil geochemical samples.
The survey identified a strong, shallow, south-dipping conductive response that is coincident with a known nickel-copper-platinum group element geochemical anomaly.
Commenting on the initial details of the new target, Managing Director Michael Clifford said it evolved from the recognition that the host rocks of lithium at the project are also prospective for platinum group elements.
“Geochemical screening with subsequent EM geophysical follow-up has resulted in the definition of bedrock EM conductors that are now permitted for drill testing,” he said.
“The Ni-Cu-PGE target fits within our strategy of battery minerals leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors.”
Further processing of the geophysical data and interpretation is planned prior to drilling scheduled for later this month or early October.
Zenith has also planned to undertake deeper reverse circulation drilling to follow up thick lithium pegmatites reported in July.
Zenith shares were up 11.9 per cent and were trading at 33 cents at 2:30 pm AEST.