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Zenith Minerals Ltd.
Summary
| Project: | Kavaklitepe | |
|---|---|---|
| Deposit: | Kuzey Zone | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 10/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-10-2016: Zenith Minerals Ltd. announces an Exploration/Drilling Update report for its Kuzey Zone deposit at the Kavaklitepe project. Drilling results incl. 16.0m @ 4.7g/t Au from 82.1m at the Kuzey Zone. Zenith Minerals Limited (“Zenith” or “the Company | |
| 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 diamond drilling using a mobile rig at the Kavaklitepe gold project in western Turkey has returned the first, potentially significant, deeper, unoxidised gold intersections to date, plus further very encouraging near surface high-grade oxide and transition gold mineralisation. To date twelve diamond drill holes (KT-01 – KT-11 & KT-06A totalling 989.7m depth) have tested the Kuzey Zone target, whilst two initial holes have now been drilled at the Guney (South) Zone, the second of three targets to be drill tested at Kavaklitepe. Results received to date are from an initial wide spaced test of only 360m of the 900m by 250m wide Kuzey Zone gold-in-soil anomaly target (Figure 1). New drill results from the Kuzey Zone include: hole KT-09; an overall 67.7m gold mineralised zone from 46.2 to end of hole at 113.9m (true width unknown) including several zones of higher grade: 18.7m @ 1.7 g/t Au from 50.2m, 16.0m @ 4.7 g/t Au from 82.1m, (including 8.0 m @ 7.1 g/t Au) and 8.8m @ 1.0 g/t Au with drill hole ending in mineralisation at 113.9m , hole KT-08; an overall 76m gold mineralised zone from 12.5m to 88.5m including: 13.4m @ 1.0 g/t Au from 16.1m, 1.5m @ 1.3 g/t Au from 33.0m, 2.0m @ 3.0 g/t Au from 48.8m, 9.5m @ 1.2 g/t Au from 56.8m and 4.0m @ 1.2 g/t Au from 84.5m depth, hole KT-07; 12.9m @ 1.2 g/t Au from surface and hole KT-06A; 6.3m @ 3.6 g/t Au from surface. | |
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