Special Report: Zenith is carrying out a major reverse circulation drilling campaign to test a large, high-grade and ‘high priority’ gold target at its Split Rocks project in WA.
The program will test down dip extensions of a large-scale gold bearing shear zone that was defined over a strike of 2km, 300m down dip with a thickness of up to 13m at the Dulcie Laterite Pit by two recent aircore drilling programs.
Zenith Minerals (ASX:ZNC) says an initial 28 holes totalling about 3,000m will be drilled with a focus on the upper portion of the target.
Drilling is expected to take about three weeks with initial results available this month.
New 1m resampling of gold mineralised intervals from the aircore drilling have also confirmed previously reported assays with new results of 14m at 3.5 grams per tonne (g/t) gold and 4m at 2.9g/t gold mirroring previous results of 16m at 3.7g/t gold and 4m at 2.7g/t gold.
“This large gold target that the team have defined at Split Rocks is significant and we are now elevating our activity and expenditure levels by moving to a more advanced stage of exploration,” chairman Peter Bird said.
“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.
“The anomalous zone is currently interpreted to extend to more than 300m down dip.”
More drilling on the cards
If first phase drilling is successful, the company will follow up with more drilling having previously flagged that it could drill up to 80 holes
“It is exciting to be in a position where the first series of the original 18 targets has defined a significant target at the Dulcie Laterite area with follow up to take place at two other sites around it,” Bird added.
“Follow up work also has to be undertaken on an additional eight gold targets that have yet to be subjected to high level first pass drilling. We anticipate that we will focus on these in the early part of 2021.”
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.