Zenith’s 70g/t gold hit is an outstanding result at Dulcie Far North
Link copied to
Zenith’s Split Rocks project in WA is looking ever more promising with aircore drilling returning significant results topping up at 3m grading 70g/t gold.
Results from the first 36 holes drilled at Dulcie Far North have been combined with previous scout drilling by the company and historical exploration holes to define a new 1km long by 300m wide gold mineralised zone.
This is welcome news for Zenith Minerals (ASX:ZNC) given that Split Rocks in the Southern Cross region hosts the same major fault structures feeding the region’s multi-million-ounce scale deposits.
“The results are great and in addition to the existing 2km long gold zone at Dulcie Laterite Pit, they define another 1km long zone that now requires further follow-up drill testing,” chairman Peter Bird said.
“We note that these new results from 36 holes are only a portion of the larger 100-hole drill program; they are particularly significant given the relatively coarse spacing of drill lines at Dulcie Far North.
“High grades to 70 g/t Au at end of hole are more than worthy of follow-up. The continuing drill programs at Split Rocks are likely to add significant value to the company.”
Infill and extensional aircore drilling is now required at Dulcie Far North that will be followed by reverse circulation drilling targeting these near-surface results and at the nearby Dulcie Laterite Pit, Dulcie North and Water Bore targets.
To date, Zenith has tested 12 of 18 drill targets that it has identified at the 650sqkm Split Rocks project with first pass drilling returning outstanding results such as:
The remaining seven targets have yet to be tested by first pass drilling.Separately, the company sold the non-core Flanagans copper-gold tenement in Queensland for $450,000 to focus on its core, wholly-owned gold and base metal projects.
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.