.Now that Alacer is entering merger talks maybe we get some...

.Now that Alacer is entering merger talks maybe we get some valuation metrics for the 25% of the Turkish JV.What are these results worth!


KAVAKLITEPE GOLD PROJECT – TURKEY (ZENITH 30%)U. Two coherent plus 800-metre-long, high order gold in soil anomalies (+50 ppb), with peak soil sample values over 1 g/t gold;Kuzey Zone Drill results include: 20m @ 15.6 g/t Au, 16m @ 4.7 g/t Au, 21m @ 3.29 g/t Au, 14m @ 6.09 g/t Au, 16m @ 4.7 g/t, 9m @ 5.2g/t and 7.8m @ 7.3g/t gold, and continuous surface rock chip results include: 54.0m @ 3.33 g/t gold, 10m @ 12.2 g/t Au; 44m @ 3.37 g/t Au, 15m @ 10.10 g/t Au and 6.5m @ 5.18 g/t Au;Discovery Zone drill results include: KT- 42: 8.0m @ 0.74 g/t Au, KT-43: 8.0m @ 1.20 g/t Au and KT-44: 8.0m @ 1.26 g/t Au.Exploration and evaluation of the Kavaklitepe gold project is managed by Teck Anadolu Madencilik Sanayi v. Ticaret A.S. (“Teck”), a Turkish affiliate of Teck Resources Limited through the Turkish joint venture company Kavak Madencilik A.S. partly owned by Zenith Minerals Limited. As previously advised (ASX Release 23rd April 2019) Zenith elected not to contribute its share of joint venture funds towards this drill program. The exact level of dilution will depend on final invoiced program costs, but it is estimated that Zenith’s share of the joint venture holding company is now approximately 25%.