ZNC zenith minerals limited

Nice $1.7m dollars coming in!!, page-2

  1. 1,692 Posts.
    lightbulb Created with Sketch. 200
    Red Mountain drill campaign from May 2023 would be nice to follow up

    from May 2023 - "Zenith Minerals (ASX:ZNC) (“Zenith”, or the “Company”) is pleased to advise that a deep diamond drill program consisting of 4 holes for approximately 2,300m is commencing today at the Company’s 100% owned Red Mountain Gold Project. Drilling is following up previous shallow high-grade gold intersections at Red Mountain(*Refer ZNC ASX Release 19-May-21)"

    Then they reported in August

    ○ 118m at 0.54 g/t Au + 11.9 g/t Ag from 225m
    ○ 13m @ 8.0 g/t Au from surface
    ○ 15m @ 3.5 g/t Au from 57m
    ○ 12m @ 4.9 g/t Au from 102m
    ○ 5m @ 10.4 g/t Au from 67m

    Then from the qtrly:

    "While true widths remain undetermined at this stage, the scale of the mineralisation
    encountered confirms there is excellent potential for a large mineralised system at Red
    Mountain"

    As for Split Rocks Gold...

    "The Company is assessing options to monetise this asset."

    They certainly need to get off the canvas as there's been a lot of value destruction over the last year.
 
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Last
3.6¢
Change
-0.005(12.2%)
Mkt cap ! $16.88M
Open High Low Value Volume
4.1¢ 4.1¢ 3.6¢ $906 23.44K

Buyers (Bids)

No. Vol. Price($)
2 16474 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 101472 2
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Last trade - 11.54am 25/06/2025 (20 minute delay) ?
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