THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) has taken a second look and likes what it sees at the company’s Split Rocks lithium project in Western Australia.

Zenith Minerals has combined new surface sample assays, a review of existing soil geochemical data and assessment of previous drill data, which has resulted in a total of 83 lithium targets being defined.

Targets identified include the untested Cielo lithium target (>9km long by 2km wide) as well as a further six targets said to contain pegmatite drill intersections up to 50 metres thick, that are classified as lithium, caesium, tantalum (LCT) pegmatites, which the company considers to further enhance the prospective nature of the Split Rock project leases.

The new targets all lie outside of Zenith’s Rio lithium deposit (11.9 million tonnes at 0.72% lithium oxide).

Zenith is gearing up for big drilling in 2024 with 318 drill holes fully permitted and ready, whilst Permits of Work are in place for a further 193 AC drill holes, covering Cielo and 14 additional targets.

“The technical team has now had time to reassess the way we target lithium pegmatites on our Split Rocks project,” Zenith Minerals managing director Michael Clifford said in the company’s ASX announcement.

“With some additional assays now to hand, and a significant review of the details of our extensive surface geochemical and drilling databases, we are now able to reclassify our lithium drill anomalies at Split Rocks, resulting in a total of 83 targets.

“The exercise reaffirms our strong belief in the prospectivity of the Split Rocks project area that has already delivered one JORC Mineral Resource.

“We very much look forward to January 2024 when we anticipate regaining full control of the project on a 100 per cent basis.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

THE DRILL SERGEANT: Zenith Minerals (ASX:ZNC) received decision-making gold assay results from the Dulcie Far North prospect, within the company’s Split Rocks gold project, located in the Southern Cross-Forrestania Greenstone Belt of Western Australia.

The drilling, completed over Dulcie Far North late last year, returned gold results of:

SRRC018
12 metres at 6.07 grams per tonne gold from 108m, including 5m at 10.5g/t gold from 113m;

SRRC016
25m at 0.56g/t gold from 69m, including 3m at 2.39g/t gold from 91m; and

SRRC009
5m at 1.49g/t gold from 30m.

Zenith took much encouragement from the Dulcie Far North assay results, so much so the company exercised its Option to Purchase 100 per cent rights, title and interests over Mining Lease 77/1292 off a private syndicate.

Zenith intends to complete a program of infill RC drilling and diamond tails in March to fully gauge the size of the mineralising system ahead of undertaking resource modelling within the first half of 2023.

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) reported the identification of four new drill targets at the company’s Develin Creek copper-zinc massive sulphide project in Queensland.

Zenith Minerals identified the new targets via induced polarisation (IP) geophysical surveys carried out at the Snook and Wilsons copper-zinc prospects.

The targets include two new high-quality drill targets identified at Snook (S1 & S2) located 30km south of the existing resource area and beneath and adjacent to recent Zenith drilling that has intersected massive copper-zinc sulphides.

Two other high conviction targets were located beneath shallow soil cover and along strike of surface gossans at the Wilsons prospects (W1 & W2).

The company now has a total of eight copper-zinc targets ready for drill testing, these include the four IP targets at Snook and Wilsons and four additional targets located close to the existing Sulphide City JORC massive copper-zinc sulphide deposits that had been defined by reinterpretation of geology, geochemistry and airborne electromagnetic survey (EM) data.

“Develin Creek is a large-scale VMS style copper – base metals system with a pre-existing JORC Resource at the northern end of the property (Sulphide City),” Zenith Minerals chairman Peter Bird said in the company’s ASX announcement.

“The property extends for some 50 kilometres south of this Resource.

“The eight geophysical anomalies mentioned in this release span the total lease area.

“The anomalies at Snook appear to be located below the early-stage shallow drilling and like the others defined require drill evaluation.

“VMS styles systems can be discrete but high grade and hence of great value.

“We see this advancement as a very positive step forward to allow us to build the copper inventory.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@zenithminerals.com.au

Web: www.zenithminerals.com.au