Zenith Minerals to have Earaheedy Zinc Project Fast Tracked

THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) announced it will be fast tracking its Earaheedy zinc discovery via an extensive accelerated exploration program, including RC and large diameter diamond core drilling to test the scale and extent of the discovery.

The good news for Zenith Resources is that the exploration program is to be solely funded by project Joint Venture partner Rumble Resources, which was also in the news recently for its Earaheedy zinc-lead Chinook discovery.

Rumble announced a $40 million capital raising that will fund the drilling.

Zenith holds a 25 per cent interest in the Earaheedy Joint Venture and is free carried until completion of a Bankable Feasibility Study.

“We welcome the news that RTR are going to fast track the Earaheedy zinc discovery with an extensive accelerated exploration program underpinned by their $40 million capital raise,” Zenith Resources chairman Peter Bird said in the company’s ASX announcement.

“We look forward to working with the Rumble team in unlocking the value of this exciting discovery for the benefit of the shareholders of both groups.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@zenithminerals.com.au

 

Web: www.zenithminerals.com.au