Zenith latches onto a very large gold target at Split Rocks
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Special Report: Follow-up drilling confirms that Zenith Minerals’ (ASX:ZNC) Dulcie Laterite Pit gold target is big – and about to get bigger.
Zenith recently hit paydirt at its Split Rocks project in WA, where two aircore drilling programs defined a very large-scale gold zone over 2km long, 300m wide and up to 40m thick at the ‘Dulcie Laterite Pit’ area.
Highlight results included 16m grading 3.7g/t gold.
A new 27-hole RC drill program was launched to test the upper portions of the massive target, Zenith says.
That program has successfully returned gold mineralisation in every hole.
Initial 4m ‘composite’ assay results from the first 18 holes returned thick, high grade results including 8m at 7.1 g/t gold (incl 4m at 14.4 g/t) and 12m at 3.1 g/t gold (incl 8m at 4.4 g/t).
This large-scale gold bearing bedrock shear zone extends over 2km in strike and remains open down dip (at a 30 angle) with thicknesses ranging from 4 to 40m.
Zenith doesn’t know how deep this thing runs just yet.
Gold zones appear to also be ‘stacked’ on top of each other and open to the east, as well as down-dip to the west, requiring another phase of RC drilling.
This will kick off in early 2021.
More detailed assay results for the 1m samples from the mineralised intervals reported here, along with initial results from the remaining 9 drill holes, are anticipated to be received in mid- January 2021.
The target area is large both with respect to lateral surface extension and depth, says Zenith chairman Peter Bird.
“Our next phase will attempt to ‘join the dots’ in relation to gold mineralisation currently defined,” he says.
“The greater Split Rocks Property is rapidly evolving into a significant value initiative for a company which has an extensive portfolio of high order gold and base metal assets.”
Zenith is running “parallel pathways” at Split Rocks on a suite of other targets, Bird says.
“There remains to be a significant body of work to complete as we move forward into next year,” he says.
“We are very excited about the opportunity that this presents.”
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.