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Zenith Minerals Ltd.

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Summary

Project:

Red Mountain

Deposit:Red Mountain
Location:Australia
Commodities:Gold
Date:6/17/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:17-6-2020: Zenith Minerals Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Initial drilling results incl. 14m @ 5.5g/t Au from 0m. The intersections are down hole lengths as true widths are no
Resources:x
CP/QP:[Overall Report] Michael Clifford (Internal)
ABSTRACT:The intersections are down hole lengths as true widths are not known at this stage. The orientation of the mineralisation is unclear at this stage and therefore true widths are uncertain, however drill holes were designed and orientated to intersect geological contacts, mapped veins and structures and IP geophysical chargeability anomalies normal to strike and therefore are more likely than not equal to true widths, although further drilling will be required to confirm this. This initial drill program is considered a significant success with highly encouraging gold results returned from only a portion of a larger target area. Drilling to date tests only 250m of strike of a 1200m long high-order gold anomaly with surface soil values including: 2.2g/t Au, 1.6 g/t Au, 0.56g/t Au and 0.33 g/t Au and gold in rocks to 2.0 g/t Au & 114 g/t Ag; The maiden drill program was designed to test several different geological units and IP geophysical responses. Key points from this drill program include:

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