Looking back at the most recent announcements Q1 2021 is shaping up to be a game changer. We have
1. Results from 2 diamond holes at Red Mountain due “in early January”. These diamond holes are to test the depth extent of the high grade near surface gold mineralisation. Confirmation of gold mineralisation continuing at depth would be a very significant catalyst - due in next 2 weeks!!!
2. “Large Scale gold zone at Split Rocks” extending over 2km in strike and remains open down dip (at 30 degrees) with a thickness ranging from 4-40m. We are still awaiting results from a further 9 holes but an additional 33 RC holes are already planned which again could be a significant, should infill and depth extension programs build on the gold mineralisation already defined."The greater Split Rocks Property is rapidly evolving into a significant value initiative for a Company which has an extensive portfolio of high order gold and base metal assets. There remains to be a significant body of work to complete as we move forward into next year."
3. “COPPER – ZINC RICH MASSIVE SULPHIDES INTERSECTED” “This massive sulphide intersection is an exciting development for the project area and elevates the Develin Creek copper-zinc project for high-priority follow-up.” Following a very successful 7 hole maiden RC drill program at the Snook prospect “follow-up geophysical surveying and drilling is planned for early 2021”. This program of works again could be significant as management notes “Currently it would appear that the host sequence is potentially flat lying opening up a large-scale target to the north and east where massive sulphide copper-zinc mineralisation remains open and untested.”
On top of this we have a maiden drill program at Jackadgery gold project in NSW also planned for Q1 and results also waited from JV funded programs at Kavaklitepe (gold), Earaheedy (zinc).
With a strong balance sheet, fully funded drill programs, and a very tight register, the significant program of drilling activity and drilling results make for a very exciting stream of news flow to start 2021
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ZNC
zenith minerals limited
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Looking back at the most recent announcements Q1 2021 is shaping...
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