Zenith Minerals Increases Lithium Targets at Split Rocks

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