Gold zones at Split Rocks project get bigger, with more to come
Link copied to
At Zenith Minerals’ (ASX:ZNC) ‘Split Rocks’ project, new drilling results — including a highlight 3m at 17.9g/t — confirm and extend gold zones at multiple prospects.
The 650sqkm Split Rocks project sits within a major 10moz gold district, halfway between Perth and Kalgoorlie in WA.
Pegged by the company a few years ago, Split Rocks hosts the same major fault structures feeding the region’s multi-million-ounce scale deposits.
Zenith has 18km of ‘strike’ where it has now identified 18 large gold targets. 11 have now been tested, and initial results have been very positive.
Final 1m assay drill results from the 32-hole second phase RC drilling program has confirmed strong gold mineralisation at multiple prospects.
Nine holes at the ‘Dulcie Laterite Pit’ successfully extended the gold zone another 500m south, with the cumulative gold mineralised strike now exceeding 2000m. Highlight results included 3m at 17.9 g/t gold.
At ‘Dulcie North’, four holes – designed to follow-up a near surface, high-grade gold zone intersected in previous drilling including 32m at 9.4 g/t — confirmed that the gold remains open in multiple directions.
New results included 8m at 4.8 g/t Au from 17m.
Six holes at the ‘Water Bore’ prospect hit a new near-surface west dipping gold zone which remains open to the south.
An aircore drill rig has been booked to start in June for a fully permitted 100-hole drill program to test new gold targets along 18km of prospective strike.
Targets at Dulcie North and Water Bore require further follow-up RC testing, CEO Mick Clifford says.
“Gold mineralisation remains open and will be the focus of further RC drilling at Dulcie North and the Water Bore zone, whilst multiple high-priority gold targets over 18km of strike, remain to have first pass drill testing,” he says.
“Split Rocks is one of our key 100% owned projects, the others being Red Mountain gold and Develin Creek copper in Queensland.
“In addition, we’ll continue to advance our joint venture interests including the recently announced Earaheedy zinc-lead discovery in WA.”
JV partners Rumble and Zenith are now up 155% and 84% respectively since announcing that big discovery at ‘Earaheedy’ on Monday.
This article was developed in collaboration with Zenith, 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.