Zenith Minerals Limited (ASX:ZNC) Reports Strong Gold Drilling Results
Drilling Success at Dulcie Far North
Zenith Minerals Limited (“Zenith” or “the Company”) proudly reports significant results from its recently completed Reverse Circulation (RC) drilling program at the Dulcie Far North (DFN) Gold Project in Western Australia. The drilling program, which spanned 17 holes and a total of 2,268 metres, successfully validated the geological model and indicated the potential for resource expansion.
Notable intersections were recorded, including:
– SRRC035: 10 metres at 2.00 g/t Au from 75m
– SRRC033: 3 metres at 5.51 g/t Au from 104m
– SRRC030: 11 metres at 1.30 g/t Au from 77m
These results confirm the continuity of significant gold mineralisation within the project, with mineralisation remaining open in multiple directions.
Management Commentary
Andrew Smith, Managing Director at Zenith, stated, “The successful completion of this phase of drilling at DFN is a significant milestone for Zenith Minerals. The results not only confirm the continuity of gold mineralisation within the project but also highlight the potential for resource expansion. We are confident that the project will continue to deliver value as we advance exploration and resource development.”
Next Steps
Zenith plans to integrate these significant drilling results into an updated geological and resource model, with an aim to bolster the existing Inferred Mineral Resource estimate. The Company is also preparing for additional tightly spaced drilling campaigns to enhance resource classification. These efforts are set to meet the strategic goal of progressing towards an Ore Reserve definition.
Zenith’s DFN Gold Project is positioned within the highly prospective Southern Cross/Forrestania Greenstone Belt, a proven district for multimillion-ounce gold deposits, enhancing its exploration potential and strategic importance.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.