- Zenith Minerals (ZNC) intersects widespread thick lithium pegmatites at the Split Rocks project in WA
- The company and its joint venture (JV) partner, EV Metals, have drilled 22 holes at the Rio pegmatite, where mineralisation extends for over 1200 metres and remains open
- Zenith says of these holes, 15 have either ended in pegmatite or been deemed too short to fully test the target zone
- The JV partners have now received permits to drill a further 84 reverse circulation and 84 diamond holes at Rio to test the full thickness of the lithium pegmatite zone
- ZNC shares are up 5.08 per cent to trade at 31 cents at 3:23 pm AEST
Zenith Minerals (ZNC) has intersected widespread thick lithium pegmatites at the Split Rocks project in Western Australia.
The company holds the project in a joint venture with EV Metals.
As part of Zenith’s exploration program to assess the size of the host pegmatite in the project area, the company has now completed 22 holes at the Rio pegmatite area in addition to its initial discovery holes.
New results include 24 metres at 0.7 per cent lithium oxide including three metres at 2.7 per cent lithium oxide and one metre at 1.5 per cent lithium oxide within 104 metres at 0.3 per cent lithium oxide to the end of the hole.
Managing Director Michael Clifford said these results confirmed the company was onto a “very significant” lithium mineralised pegmatite.
“The plan is to now accelerate drilling at Rio with a clear runway of greater than 160 permitted holes ahead of us,” Mr Clifford said.
Zenith and EV have received permits to drill a further 84 reverse circulation and 84 diamond holes at Rio.
At this stage, lithium mineralisation in the area extends for over 1200 metres of strike and remains open to the north, south, east and at depth.
While drilling over the last six weeks was reportedly impacted by frequent heavy rainfall, Zenith said it was ready to accelerate drilling at Rio to test the full thickness of the lithium pegmatite target zone.
ZNC shares were up 5.08 per cent to trade at 31 cents at 3:23 pm AEST.