ZNC zenith minerals limited

My thoughts.In the right place at the right time.Well...

  1. 73,546 Posts.
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    My thoughts.

    In the right place at the right time.
    Well capitalised, not many shares on issue and drilling on some highly prospective, gold and copper targets as already indicated.

    About Zenith
    Zenith has a vision to build a gold and base metals business with a team of proven project finders. Focus
    is on 100% owned Zenith projects, whilst partners progress multiple additional opportunities using third
    party funds.

    Zenith is continuing to focus on its core Australian gold and copper projects including:
    Red Mountain Gold Project in Queensland (100% owned) where ongoing drilling is following-up the
    high-grade near surface gold and silver intersected in the maiden & subsequent drill programs (ASX
    Releases 3-Aug-20 & 13-Oct-20, 9-Nov-20, 21-Jan-21), including:
    o 13m @ 8.0 g/t Au & 3.2 g/t Ag from surface
    o 15m @ 3.5 g/t Au, incl. 2m @ 22.4 g/t Au
    o 5m @ 10.4 g/t Au, and
    o 12m @ 4.9 g/t Au

    Split Rocks Gold Project in Western Australia (100% owned), where recent drilling returned, highgrade near surface gold mineralisation at multiple targets (ASX Release 5-Aug-20, 2-Sep-20, 19-
    Oct-20, 28-Oct-20), including:
    o Dulcie North: 32m @ 9.4 g/t Au, incl 9m @ 31.4 g/t Au with the highest individual 1m sample
    returning 199.2 g/t Au.
    o Dulcie Laterite Pit:
    ▪ 2m @ 14.5 g/t Au, incl. 1m @ 20.8 g/t Au,
    ▪ 18m @ 2.0 g/t Au (EOH) incl. 1m @ 23.7 g/t Au &
    ▪ 14m @ 3.5 g/t Au
    o Estrela Prospect: 2m @ 9.8 g/t Au (open to north & south)
    o Dulcie Far North: 5m @ 5.6 g/t Au incl. 4m @ 6.8 g/t Au

    Develin Creek Copper-Zinc Project in Queensland (100% owned) – maiden drill test of the new

    Snook copper target located 30km south of Zenith’s JORC resources discovers massive copper-zinc
    sulphides (ASX Release 17-Dec-20).

    Jackadgery Gold Project in New South Wales (option to earn initial 90%), historic trenching
    returned 160m @ 1.2 g/t Au. No drilling to date. Zenith planning maiden drill test (ASX Release 10-
    Sep-20).
 
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Last
3.1¢
Change
-0.004(11.4%)
Mkt cap ! $16.41M
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3.5¢ 3.5¢ 3.1¢ $8.68K 279.8K

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