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Zenith Minerals Ltd.
Summary
| Project: | Burro Creek | |
|---|---|---|
| Deposit: | Burro Creek | |
| Location: | United States | |
| Commodities: | Lithium-potassium | |
| Date: | 6/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2018: Zenith Minerals Ltd. announces a Resource Estimation report for its Burro Creek deposit at the Burro Creek project. JV-Drilling results and Exploration Target statement. Zenith Minerals Limited (“Zenith” or “the Company”) is very pleased to adv | |
| Resources: | (Exploration Target): 30-50Mt @ 1000-1100ppm Li, 2-3% K | |
| CP/QP: | [Overall Report]: Michael Clifford (Internal) | |
| ABSTRACT: | Zenith Minerals Limited (“Zenith” or “the Company”) is very pleased to advise that widespread, near surface lithium has been intersected in drilling at the Burro Creek lithium project in Arizona USA, part of the American Lithium joint venture with Bradda Head Limited (Figure 1). The key aim of the program to obtain sufficient technical information on the lithium clays to allow for an initial mineral resource estimate to be calculated has been met with an estimate expected to be completed early next calendar quarter. The Burro Creek lithium clay project is located in central western Arizona, USA within an active mining district, Freeport McMoRan’s operating Bagdad porphyry copper mine is located 10km from the Burro Creek project. The Burro Creek project is subject to an exclusive option to purchase as detailed in Zenith’s ASX Release 10th November 2016. Assay results from the maiden drill program at Burro Creek show that the highergrade portion of the lithium bearing clay zone is a near surface, flat lying horizon extending over 900m by 400m within the eastern project state leases. Based on the drilling activity noted above, and surface sampling and mapping in the western claim area Zenith and Bradda Head have estimated an Exploration Target1 for the Burro Creek project of 30-50 million tonnes at 1000 to 1100ppm lithium Li and 2% to 3% potassium. The upcoming maiden resource estimate will report on the eastern claim area only, representing approximately 1/3 of the Exploration Target1 . It is expected that the western claim area targets will be the subject of a future drill campaign | |
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