- Zenith Minerals (ZNC) has identified 12 high-quality gold drill targets at its Split Rocks project in Western Australia
- The drill targets were identified by a major targeting exercise completed by Zenith over the past six months
- In addition to this, gold results have now been received from a follow-up drill program that consisted of three reverse circulation drill holes
- Zenith has ended the day 4 per cent in green with shares trading for 5.2 cents apiece
Zenith Minerals (ZNC) has identified 12 high-quality gold drill targets at its Split Rocks project in Western Australia.
The drill targets were identified by a major targeting exercise completed by Zenith over the past six months.
This targeting exercise involved integrating geological, geophysical and geochemical datasets from Zenith’s exploration activities as well as historic exploration programs that were completed more than 20 years ago.
Zenith’s targeting study has identified several large, high-order geochemical anomalies that have never been or were poorly drill tested.
In several cases these anomalies are coincident with major fault structure and geological contacts that contain significant gold mineralisation along strike.
Planning for a larger scale program of aircore drilling to test these targets is in progress.
In addition to this, gold results have now been received from a follow-up drill program that consisted of three reverse circulation (RC) drill holes.
Drilling was designed to follow-up significant bedrock gold mineralisation identified in Zenith’s maiden 16-hole RC drilling program completed in September – October 2019.
This program successfully confirmed gold targets beneath the currently operating Dulcie Heap Leach Gold Operation (DHLGO), which is held by a third party.
Historical exploration on the DHLGO highlight that high-grade gold mineralisation is primarily hosted by moderately west dipping BIF (banded iron formation) units.
High-grade historic drill results include 2 metres at 32.73g/t gold, 6 metres at 16.91g/t gold, and 2 metres at 16.5g/t gold, which present several high-priority target zones for follow up drilling by Zenith.
Zenith has ended the day 4 per cent in the green with shares trading for 5.2 cents apiece in a $12.16 million cap.