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.”
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