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Zenith Minerals Ltd.
Summary
| Project: | Split Rocks | |
|---|---|---|
| Deposit: | Split Rocks | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-10-2019: Zenith Minerals Ltd. announces an Exploration/Drilling Update report for its Split Rocks deposit at the Split Rocks project. Drilling results incl. 12m @ 1.97g/t Au from 60m. Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Clifford (Internal) | |
| ABSTRACT: | Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to report preliminary assay results from 4-metre composite sampling of a 16-hole RC drilling program at its Split Rocks project in Western Australia. This initial program of approximately 2000m successfully confirmed bedrock gold targets beneath the currently operating Dulcie Heap Leach Gold Project (DHLGO)- held by a 3rd party. Zenith announced on the 21 st March 2019 that it had executed an option agreement with the owners of the DHLGO whereby the Company has an exclusive right to explore for bedrock gold mineralisation beneath the large laterite rich gold cap currently being mined and treated on leases located contiguous with Zenith’s Split Rocks project licences, located in the Forrestania greenstone belt, Western Australia (Figure 1). Historical exploration reports on the area of the DHLGO leases highlight that high-grade gold mineralisation is predominantly hosted by moderately west dipping BIF units (Figures 2 & 3). High-grade historic drill results include: 6.0m @ 16.91 g/t Au, 2.0m @ 32.73 g/t Au, 2.0m @ 16.5 g/t Au, 2.0m @ 15.40 g/t Au, 5.0m @ 4.73 g/t Au, 4.0m @ 4.90 g/t Au and 9.0m @ 2.20g/t Au, presenting several high-priority target zones for follow-up by Zenith. Historic holes were drilled either vertical or at -600 east. Assuming moderate west dipping gold mineralisation then the intersection widths will be close to true widths, however there is insufficient drill density to be confident that all gold zones are dipping west and therefore caution must be applied regarding the widths of reported gold zones. | |
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