Zenith to benefit from Rumble’s Earaheedy exploration push
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Exploration at Zenith’s 25 per cent owned Earaheedy zinc-lead-silver project is heating up with the operator expanding the ongoing drill program.
The joint venture has upsized the ongoing drill program at the project about 110km north of Wiluna, Western Australia, from the original 2,500m to 40 holes totalling 4,000m after visual inspection of holes at the Chinook prospect displayed continuity of the sandstone hosted zinc-lead mineralisation.
This result supports the scale potential of the Chinook prospect, which had previously been defined over a 200m horizontal width and up to 12m vertical thickness.
Essentially, the company does not have to pay a cent towards exploration of the project while retaining exposure to any development potential.
Rumble has completed the drilling of 30 holes totalling 3,000m to date with assays for 10 holes currently pending.
Results for four of these holes are being fast-tracked to provide an understanding of grades at Earaheedy while the drill program is expected to finish later this month with the remaining assays to follow.
Most of the completed and all the upcoming holes are targeting the Chinook prospect to test 2,000m of strike potential.
All 27 holes drilled to date have intersected visual zinc-lead mineralisation.
The remaining three holes were drilled at the Magazine prospect to complete a drill section following up previously reported shallow flat lying higher-grade zinc-lead mineralisation intersected in two holes.
Rumble has also booked a diamond drill rig to follow up on the current RC program later this month.
The Earaheedy Project extends over 40km encompassing the prospective sandstone unconformity that remains largely untested andcompletely open.
Highlighting the potential scale, Rumble has previously estimated an exploration target of between 40Mt and 100Mt at a grade of between 3.5 per cent zinc-lead and 4.5 per cent zinc-lead.
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.