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Zenith Minerals Ltd.
Summary
| Project: | Kavaklitepe | |
|---|---|---|
| Deposit: | Kuzey Zone | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 7/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-7-2016: Zenith Minerals Ltd. announces an Exploration/Drilling Update report for its Kuzey Zone deposit at the Kavaklitepe project. Drilling results incl. 7.8m @ 7.3g/t Au from 3.3m. Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to adv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Clifford (Internal) | |
| ABSTRACT: | Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that ongoing short-hole drilling at the Kavaklitepe gold project in western Turkey has continued to deliver encouraging near surface high-grade gold mineralisation. Drill hole KT-03 collared approximately 26m to the south east of drill hole KT-02 (that intersected 9 m @ 5.2 g/t Au from surface) has returned 7.8 m @ 7.3 g/t Au from 3.3 m below surface. The drill trial is being conducted to determine if a man-portable, small footprint rig can provide the depth of drilling and quality of samples required to test anomalous goldin-rock and soil anomalies, initially at the Kuzey Zone, followed by gold targets at the Discovery Zone and Guney Zone at the Kavaklitepe Project. Five diamond drill holes (totalling 276 m depth) have been completed to date using a man-portable rig, testing the 900m by 250m wide Kuzey Zone gold in soil anomaly only. The first hole (KT-01) was drilled at the southern end of the prospect area, the second (KT-02) 250m to the northeast along the strike of the high-grade gold surface rock samples and the third drill hole (KT-03) approximately 26 m south-east of hole KT- 02 (Figure 1). Drill core recovery for KT-03 through the near-surface mineralized interval was satisfactory at 77%. The hole intersected a matrix-supported polymictic breccia, with illite-muscovite-fuchsite-silica altered clasts within an interpreted fault zone (Figure 2). As previously reported on the 16th June 2016, drill hole KT-02 returned 9 m at 5.2 g/t Au from surface (Figure 1) with core recoveries averaging 82% through this interval. The gold intersection reported for both holes is a down-hole width as the orientation of mineralisation is currently unknown. | |
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