ZNC zenith minerals limited

Mining News article talking it up as substantial discovery...

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    Mining News article talking it up as substantial discovery too

    Having defined the previously-unknown volcanic complex at Red Mountain with grades up to 2.2gpt at surface, and alternation and geochemical signatures akin to those recorded at prospects that have become mines elsewhere in the region such as Mt Rawdon, the junior believes it can make a substantial discovery. It is hoping for something in the order of 2Moz, but even something a fraction of that would be defining for the company.

    Next month Zenith plans to complete drilling at the Split Rocks gold project in Western Australia.

    It also continues to advance its Flanagans project, north of Red Mountain, where it believes historical recording issues have obscured a potentially significant gold system for decades, with the companies own surface sampling aiming to test "astonishing" high-grade gold grades at surface.
 
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