Zenith Minerals Limited (ASX:ZNC) Advances Dulcie Far North Project
Project Advancement
Zenith Minerals Limited has secured Program of Work (POW) approval and is set to launch a new drilling campaign at the Dulcie Far North (DFN) gold project in Western Australia. The company is also commencing a Scoping Study to assess standalone development and toll treatment options.
Resource Expansion
Following a recent drilling program that increased the DFN Inferred Mineral Resource by 40%, from 150,000 to 210,000 ounces of gold, Zenith is initiating a new 32-hole RC and 5 diamond hole drilling campaign. This initiative aims to classify known mineralisation, test footwall lodes, and explore extensions of the shear zone.
Exploration Upside
A review of historical surface sampling, drilling, and geophysical data has identified multiple new gold targets within Zenith’s 100%-owned Exploration Licences surrounding DFN. A surface sampling program will commence shortly to test these opportunities.
Strategic Regional Growth
Zenith has completed due diligence on multiple surrounding gold projects to evaluate additional ore sources. This strategy aims to achieve the critical scale necessary for a standalone development at DFN, reinforcing DFN’s strategic importance within Zenith’s portfolio.
Motley Fool contributor Abbie Stokes 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.
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