Zenith Minerals (ASX:ZNC) (“Zenith” or the “Company”) is thrilled to announce the discovery of 30 new lithium targets within its extensive tenement holding at Split Rocks. This significant discovery highlights the substantial “blue-sky” lithium potential of the project area, located approximately 40km south of the regional town of Marvel Loch in the Yilgarn Shire of Western Australia.
Auger soil geochemical sampling has outlined 30 new lithium targets at Split Rocks, emphasizing the project's vast potential.
These new targets are in addition to the previously announced Cielo Lithium Target, which spans over 9km long by 2km wide.
The new targets are situated outside of Zenith’s Rio Lithium Prospect and northwest of the Mt Holland Lithium Deposit, currently under development by SQMWesfarmers.
Throughout 2022, Zenith conducted a comprehensive geochemical sampling program, collecting a total of 14,754 samples across the Split Rocks project area. The samples, comprised of both auger and soil samples, were determined by the regolith (nature of the materials present near the surface). To date, first pass sampling has covered approximately 80% of the project area, with additional sampling planned.
The program's success is evident in the definition of multiple new lithium geochemical anomalies throughout the project area, further solidifying Zenith's position in the lithium market.
Managing Director Michael Clifford expressed his enthusiasm, stating, “We are delighted to announce that we have now defined 30 additional lithium targets within our Split Rocks project area. These new targets are in addition to the very large Cielo target that we reported earlier this year. Zenith is very keen to see these targets being tested to unlock the full potential of this exciting project area.”
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.