Mining

Zenith Minerals confirms high-grade gold zones at Split Rocks

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By Lorna Nicholas - 
Zenith Minerals ASX ZNC Red Mountain commercial gold deposit Split Rocks drilling

Zenith Minerals is targeting depth extensions to gold mineralisation at the Western Zone target of Red Mountain.

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Zenith Minerals (ASX: ZNC) has confirmed the presence of high-grade gold zones at its Split Rocks project in Western Australia with latest 1m resample assays.

The company has received 1m resample results from the initial round of aircore drilling that comprised 100 holes. These results confirm and upgrade the previously received 4m composite assays.

A highlight 1m resample assay from the Dulcie Far North target was 4m at 10.2 grams per tonne gold, including 2m at 19.8g/t which ended in mineralisation.

Other notable assays at Dulcie Far North were 9m at 1.8g/t gold, including 2m at 6.2g/t gold; 8m at 1.1g/t gold, including 2m at 3.2g/t gold; and 8m at 1.1g/t gold, including 2m at 2g/t gold.

Over at the Scott’s Grey target, Zenith said the results provided “strong encouragement” for follow up drilling.

A better intersection was 12m at 1.7g/t gold to end of hole, including 1m at 7.1g/t gold and 5m at 2.1g/t gold.

At the Dulcie North target, Zenith said assays outlined strong near surface gold mineralisation that requires follow up work.

This target generated highlight results of 8m at 1.2g/t gold and 2m at 3.7g/t gold.

Advancing to maiden resource

Zenith chairman Peter Bird said the company remained focused on generating a maiden resource for Split Rocks.

“As drilling has advanced, we are starting to see good continuity and commercial grade intersections along the main structural trend and more specifically in our target areas.”

Mr Bird added the company’s area of focus at the project was more than 3km in length.

An infill and extensional aircore drilling program comprising a further 100 holes is scheduled to begin “very soon” and will target Dulcie Far North, Dulcie North, Scott’s Grey and Estrella.

This will program will be followed by reverse circulation drilling on near surface gold hits and the adjoining Dulcie targets – Dulcie Laterite Pit and Water Bore.