Special Report: A large, high grade, and ‘high priority’ gold target at Zenith Minerals’ (ASX:ZNC) Split Rocks project in WA will be drilled in the second half of November.

Zenith hit paydirt with two recent aircore drilling programs, which has defined a very large-scale gold zone over 2km long, 300m wide and up to 40m thick at the ‘Dulcie Laterite Pit’ area.

Highlights included 16m grading 3.7g/t gold. The depth extent is yet to be fully defined.

The new 28 hole, 3,000m program will focus on the upper portion of the massive target, Zenith says.

This may be expanded to a total of 80 holes.

Besides Dulcie Laterite, two other targets will be drilled including Dulcie North – where Zenith hit an incredible 32m at 9.4 g/t gold — and Dulcie Far North, where previous drilling hit 5m at 5.6 g/t gold.

Permitting for follow-up drilling of these two areas is in progress, the company says.

This large gold target is significant, and Zenith is now elevating activity and expenditure levels by moving to a more advanced stage of exploration, chairman Peter Bird says.

“The initial 28 reverse circulation drill holes will focus on the shallow upper portion of the mineralised zone with the view to affirming continuity along strike and to a depth of approximately 150m down dip,” he says.

“The anomalous zone is currently interpreted to extend to more than 300m down dip.

“This work is anticipated to begin in the second half of November and will continue until around the Christmas period.”

Follow up drilling would then take place if this first phase is successful, he says, while several other defined targets at Split Rocks will also continue to be evaluated.

Split Rocks is one of Zenith’s more advanced projects in a first-class portfolio, Bird says – but there are others.

In May, the company uncovered a brand new, very high-grade copper prospect called ‘Snook’ at the advanced Develin Creek VMS project in Queensland.

In June, a maiden drilling program at the greenfields Red Mountain target in Queensland hit 13m at 8.0 g/t gold, including 6m at 16.7 g/t gold from surface.

“Readers should note that drilling activity will also continue to follow on from positive drill results at our Red Mountain gold project in Queensland and drilling will shortly commence at the Devlin Creek base metals project,” Bird says.

This article was developed in collaboration with Zenith Minerals, 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.