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Zenith Minerals extends and confirms new gold zones at Split Rocks

By

Lorna Nicholas

-

April 21, 2021

Further reverse circulation drilling at Split Rocks will focus on Dulcie North and Water Bore.

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Zenith Minerals (ASX: ZNC) has both extended the known mineralisation and confirmed multiple new gold zones at its Split Rocks project in Western Australia.

The company has received final 1m assay resample results from a 32-hole reverse circulation drill program at the project that totalled 2,793m.

At the Dulcie laterite pit extension, assays have revealed gold mineralisation extends 500m further south with the cumulative gold strike across the deposit now exceeding 2km.

Notable intersections were 3m at 17.9 grams per tonne gold; 8m at 2g/t gold, including 2m at 7.2g/t gold; and 5m at 1.9g/t gold and 7m at 2g/t gold.

Infill drilling at the same laterite pit hit near surface gold zones with better results of 19m at 1.6g/t gold, including 3m at 7.4g/t gold; and 20m at 0.9g/t gold, including 5m at 2g/t gold.

Drilling was also undertaken at the Dulcie North target to test where 32m at 9.4g/t gold was uncovered last year.

Redrilling this target confirmed the near surface mineralised zone extends east-to-west and remains open in both directions.

A highlight intersection was 8m at 4.8g/t gold from 17m, including 3m at 6.9g/t gold.

Over at Water Bore, drilling followed up on a gold hit during water exploration.

A near surface west dipping gold zone has been discovered that remains open to the south. Assays have revealed 3m at 6.6g/t gold and 3m at 3.7g/t gold.

Advancing Split Rocks

Zenith chief executive officer Mick Clifford said further reverse circulation drilling at the project will focus on Dulcie North and Water Bore.

The company has also firmed up multiple high-priority targets across 18km of strike which are yet to be tested via first pass drilling.

Split Rocks is within the Southern Cross region of WA’s Forrestania greenstone belt.

Zenith noted that several “very large” current and previously operated gold mines are along strike of Split Rocks – both to the north and south.

The company says this attests to the gold endowment within the region.

Split Rock’s prospectivity is further enhanced with Zenith’s partner currently mining and treating surface gold laterite ore at the Dulcie heap leach gold operation.

Zenith owns the rights to gold below 6m of surface.

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At Zenith Minerals’ (ASX:ZNC) ‘Split Rocks’ project, new drilling results — including a highlight 3m at 17.9g/t — confirm and extend gold zones at multiple prospects.

The 650sqkm Split Rocks project sits within a major 10moz gold district, halfway between Perth and Kalgoorlie in WA.

Pegged by the company a few years ago, Split Rocks hosts the same major fault structures feeding the region’s multi-million-ounce scale deposits.

Zenith has 18km of ‘strike’ where it has now identified 18 large gold targets. 11 have now been tested, and initial results have been very positive.

Final 1m assay drill results from the 32-hole second phase RC drilling program has confirmed strong gold mineralisation at multiple prospects.

Nine holes at the ‘Dulcie Laterite Pit’ successfully extended the gold zone another 500m south, with the cumulative gold mineralised strike now exceeding 2000m. Highlight results included 3m at 17.9 g/t gold.

At ‘Dulcie North’, four holes – designed to follow-up a near surface, high-grade gold zone intersected in previous drilling including 32m at 9.4 g/t — confirmed that the gold remains open in multiple directions.

New results included 8m at 4.8 g/t Au from 17m.

Six holes at the ‘Water Bore’ prospect hit a new near-surface west dipping gold zone which remains open to the south.

An aircore drill rig has been booked to start in June for a fully permitted 100-hole drill program to test new gold targets along 18km of prospective strike.

Targets at Dulcie North and Water Bore require further follow-up RC testing, CEO Mick Clifford says.

“Gold mineralisation remains open and will be the focus of further RC drilling at Dulcie North and the Water Bore zone, whilst multiple high-priority gold targets over 18km of strike, remain to have first pass drill testing,” he says.

“Split Rocks is one of our key 100% owned projects, the others being Red Mountain gold and Develin Creek copper in Queensland.

“In addition, we’ll continue to advance our joint venture interests including the recently announced Earaheedy zinc-lead discovery in WA.”

JV partners Rumble and Zenith are now up 155% and 84% respectively since announcing that big discovery at ‘Earaheedy’ on Monday.