Zenith builds on gold development strategy as mineralisation grows at WA project

• ZNC RC drill program extends gold mineralisation at Dulcie North
• Company considering standalone development
• Step out drilling now underway

Special Report: Zenith Minerals has extended gold mineralisation at its Dulcie Far North project in WA thanks to an ongoing 40-hole RC drilling program at the project.

The project is strategically positioned near existing infrastructure, including the Barto Gold processing plant at Marvel Loch, providing potential toll treatment opportunities.

Zenith Minerals (ASX:ZNC) is actively assessing options to enter and increase the scale of future production, either through standalone development or toll treatment agreements.

The current RC program was designed after a recent 40% increase in the inferred resource to 210,000oz at 1.3g/t gold, which highlights both the scale of the gold system and the opportunity to grow and upgrade the resource further through targeted drilling.

Drilling has now extended the mineralisation by approximately 50m to the south and, more significantly, confirmed that the gold system is both broader and deeper than previously interpreted — remaining open along strike and at depth, with potential for substantial resource growth. Notable intercepts include:

• 5m at 1.28g/t gold from 43m, including 2m at 1.97g/t gold from 45m
• 7m at 2.82g/t gold from 85m, including 1m at 1.66g/t gold from 86m, and 3m at 5.28g/t gold from 88m, including 1m at 13.46g/t gold from 88m; and
• 7m at 0.88g/t gold from 175m, including 2m at 2.25g/t Au from 76m

To date, 31 of the 40 planned RC holes have been completed, with three additional holes scheduled for completion, along with four holes testing the 100%-owned Fuego and Nieve regional prospects. Zenith’s exploration success is impeccably timed, with global economic uncertainty and Donald Trump’s tariff obsession sending gold prices to a record US$3150/oz ($5025/oz).

That’s thrust the spotlight on large untapped gold resources like Dulcie Far North, which could plug into nearby third-party plants or grow large enough to be developed after growing the resource base.

Internal mining studies have suggested the project can be developed via conventional open pit mining methods.

More regional gold targets on the agenda

Zenith also discovered a second stacked lode beneath the main shear with additional foot-wall hosted mineralisation – which demonstrates the system’s vertical continuity and opens up new zones for future expansion.

“The early results have confirmed our geological model and, importantly, intersected new footwall lodes that could represent a second horizon of mineralisation below the main shear,” ZNC managing director Andrew Smith said.

“With 31 holes now complete, we’re building strong momentum — both in terms of growing the resource and advancing toward development.”

While DFN remains the immediate focus, Zenith is concurrently advancing a pipeline of regional gold targets across its broader Split Rocks tenure, which totals over 364km2.

The company has now received Program of Work approvals to commence initial drilling at two priority regional prospects – Fuego and Nieve.

“At the same time, we’re preparing to test high-priority regional targets at Fuego, 3km north of DFN, and Nieve, 5km south of DFN, as part of our broader strategy to unlock the full potential of Split Rocks as a scalable gold project,” Smith said.

Step-out drilling is now underway, targeting open mineralisation to the north and probing deeper, underexplored footwall lodes that lie outside the current resource model.

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.