Zenith drilling outlines large-scale gold target at Split Rocks
Special Report: Zenith’s ongoing aircore drilling has defined a large-scale 2km long gold target at the Dulcie Laterite Pit area of its Split Rocks project in Western Australia.
Results from 43 new holes, along with results from the previous drilling conducted in August, have identified the bedrock shear zone extending over 2km in strike and 300m down dip with an average thickness of 13m.
Results from Zenith Minerals’ (ASX:ZNC) drilling to bedrock refusal such as 16m grading 3.7 grams per tonne (g/t) gold and 4m at 2.7g/t gold, highlight the potential to define high-grade shoots within the very large mineralised envelope.
“These new aircore drill results within the near surface oxide zone provide us with a very robust large-scale target to now assess with deeper RC drilling into bedrock,” Chief Executive Officer Mick Clifford said.
“This recent round of drilling is a game changer adding a further 900m of strike south of the very shallow Dulcie Laterite pit, to what has now become a huge gold target.”
New Executive Chairman Peter Bird added that the development adds scale to one of the Company’s four wholly-owned precious and base metal assets that it is planning to drill or further evaluate in the current quarter.
“A large scale 2km long mineralised gold shear zone which remains open at depth is exciting and we cannot wait to get going on some step out and deeper drilling,” Bird noted.
Planning is now underway to start reverse circulation drilling of this zone.
Zenith’s 139-hole aircore drilling program – up from the original 120 holes – was designed to initially follow-up on strong near surface results returned in Zenith’s September drill program at the Dulcie Laterite Pit target, Estrela target and a new high-conviction target.
This follows the company’s geological team identifying 18 targets such as the Dulcie Laterite Pit gold target over an 18km strike extent in the north eastern sector of the Split Rocks project.
Eight of these targets are yet to have first pass drill testing, which is expected during the current quarter.
The 650sqkm Split Rocks project is positioned halfway between Perth and Kalgoorlie in the Southern Cross region that has a gold endowment of more than 10 million ounces in the Forrestania greenstone belt.
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.