Ann: Very High-Grade Gold to 199 g/t Au - Split Rocks - WA, page-3

Amigos, Zenith came to my notice when it sold off its Wyoming rare earth prospects to ARR (I hold shares in ARR). So I have been only watching for a month but am very interested in investing. These recents results are outstanding, and good luck to investors. If anyone has the time, I would appreciate your explanation of Zenith's licence at Split Rocks. I've copied a statement below from the recent announcement by Zenith, and when I read it, it seems to say that they do not have a licence over the laterite cover - only the basement rock layers below the cover. Is that correct, or have I have I totally mis-read the statement? Thanks in advance.

"The Company has an exclusive right to explore the DHLGO project for bedrock gold mineralisation beneath the large laterite rich gold cap currently being mined and treated on leases located contiguous with Zenith’s Split Rocks project licences, located in the Forrestania greenstone belt, Western Australia (Figure 1)"