Zenith is confident of defining a substantial resource at its Split Rocks gold project in WA after drilling extended and confirmed new gold zones.
Preliminary 4m composite assays from the second phase of drilling at the project have extended gold mineralisation at the Dulcie Laterite Pit by 500m to the south, taking the total strike length up to 2,000m.
Notable results include 4m grading 9.3 grams per tonne gold from a depth of 88m and 4m at 2.8g/t gold from 72m.
Zenith Minerals (ASX:ZNC) added that infill drilling at the zone had intersected higher-grade zones such as 4m at 5.6g/t gold from 28m within a broader 12m intercept grading 2.5g/t gold from a depth of 20m.
Adding interest, follow-up testing of near surface high-grade gold zones that the company had previously intersected at the Dulcie North target returned results such as 8m at 4.1g/t gold from 16m, confirming that the zone strikes east-west and is open in both directions and at depth.
There’s more.
Follow-up testing of gold mineralisation identified in water exploration holes drilled by previous operators has identified a new near surface west dipping gold zone with a top result of 4m at 10.4g/t gold from a depth of 44m.
“We have now validated a number of real mineralised prospects on the Split Rocks property; firstly there is a very extensive mineralised zone extending for at least 2km and down to approximately 140m depth in the Dulcie Laterite Pit shear zone area,” chairman Peter Bird said.
“Secondly this is now supported by some great new drill results to the north (Dulcie North) and to the west (Water Bore area).
“Drilling activity is set to continue on this property, and we feel optimistic that we will now be able to develop a resource.”
Future activity
Zenith is now awaiting assays from the more detailed 1m samples with results expected before the end of this month.
It is also planning additional follow-up reverse circulation drilling and is trying to secure an aircore rig for its upcoming 100-hole drill program to test new gold targets along 18km of prospective strike.
This article was developed in collaboration with Zenith Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.