Zenith Minerals Upgrades Nickel-Copper-PGE Anomaly at Green Bananas Target
Zenith Minerals (ASX:ZNC) ("Zenith" or "the Company") is pleased to announce significant progress in its nickel exploration activities at the Hayes Hill Lithium – Nickel Project, located in the Norseman – Widgiemooltha area of Western Australia. Zenith currently holds an option to acquire 100% of the Hayes Hill project.
As part of the exploration update, Zenith revealed that infill and extension hand auger sampling have upgraded the Green Bananas nickel-sulphide target. Peak assay results from the target include 0.43% Ni, 0.44% Cu, 0.53% Co, and 203ppm Pt. This robust nickel-copper-PGE anomaly extends over a 400m by 150m area, associated with folded ultramafic rocks, demonstrating strong nickel-sulphide fertility ratios.
The Green Bananas target is situated in the north-east portion of the Hayes Hill Project area. It aligns with nickel-sulphide geochemical fertility ratios developed by researchers based on published studies of Western Australian nickel sulphide deposits.
"Our infill surface sampling has both confirmed and extended the nickel geochemical anomaly at Green Bananas," said Managing Director Michael Clifford. "Now that we are finalising the heritage surveying process, we will shortly commence Electromagnetic (EM) geophysical surveys. This marks the next step in defining nickel-sulphide drill targets at the Hayes Hill Project."
The Green Bananas, Plat-X and other additional Hayes Hill nickel targets will soon be subject to EM geophysical surveys. Moreover, project-wide, 110-line km of heritage surveying has been completed, allowing further auger, RC and diamond drilling to proceed. In tandem, additional surface soil sampling targeting nickel is currently underway, and further mechanised auger sampling will assess both nickel and lithium targets.
Nickel prospective ultramafic rocks at the site extend 18km north along strike from Galileo’s (ASX:GAL) Calisto nickel-PGE discovery and 11km northwest along strike from S2 Resources’ (ASX:S2R) Polar Bear nickel sulphide prospects.
The ongoing exploration activities and results to date underscore Zenith's commitment to realise the full potential of the Hayes Hill project. The Company looks forward to sharing further updates on its progress in due course.
About us:
Zenith Minerals Limited (ASX:ZNC) is an Australian-based minerals exploration company leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors.
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Katrina Griffiths