Skip to content
Finance Investment, Oil Mining Resources


Zenith Minerals Limited (ASX:ZNC) 2 mins read

Perth, Western Australia – Zenith Minerals Limited (ASX: ZNC), an Australian-based minerals exploration company, is thrilled to announce an update on exploration activities at the Hayes Hill Project, located in the strategic Norseman – Widgiemooltha area of Western Australia. This exploration initiative underscores Zenith's commitment to unlocking the vast mineral potential of the region, situated between the renowned gold mining districts of Central Norseman and Higginsville.

Gold Exploration Highlights:

Zenith Minerals is set to embark on a drilling campaign designed to test extensive new gold targets spanning 2.5km at Hayes Hill. This initiative is particularly noteworthy as it lies in proximity to active open pit gold mining operations to the west of the project area. The strategic location and the scale of the targets bolster Zenith’s optimism for the project's potential to host significant gold deposits. Drill site preparation is scheduled to begin in mid-April 2024, marking a significant milestone in the project's development.

Nickel Exploration Highlights:

In addition to gold, Zenith is advancing its exploration efforts on the Green Bananas nickel sulphide target, fulfilling a key requirement of the option agreement. Preliminary studies have identified a strong discrete ground EM geophysical bedrock conductor, with impressive modelled values immediately west of a nickel auger anomaly. This anomaly has shown peak values of 0.43% nickel, 0.44% copper, 0.53% cobalt, and 203ppm platinum, highlighting the high-grade potential of the nickel sulphide target. Drill site preparation for the RC drill test is also set to commence in mid-April 2024.

Managing Director Michael Clifford said: “Following a detailed review of all the surface samples recently collected by our teams across the Hayes Hill project area, I am very pleased to advise of planned drill programs to test new gold targets. These gold targets lie within one of the premier gold regions in the world, with muti-million-ounce gold endowment both to the north and south of the project area and active open pit gold mining on our western boundary. Our deeper auger drilling has, we believe, provided more robust geochemical anomalies than the historic surface soil sampling, resulting in these new drill targets. We’ll also take this opportunity, whilst we have a drill rig in the area, to complete an RC hole to test the Green Bananas nickel sulphide target. I look forward to keeping you updated as these drill programs advance.”

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. The Company currently has four lithium projects all located in Western Australia. The 100% owned Split Rocks and Waratah Well projects are the two most advanced lithium projects in Zenith’s portfolio:

Contact details:

Jane Morgan


More from this category

  • Finance Investment, Oil Mining Resources
  • 20/05/2024
  • 12:08
Amaero International Limited (ASX:3DA)

Amaero International Limited (ASX:3DA) – Atomiser On Schedule to Be Commissioned By 30 June

Installation and cold testing of atomiser completed. Hot testing has commenced and commissioning of atomiser is expected by 30 June. In conjunction with commissioning,…

  • Contains:
  • Business Company News, Finance Investment
  • 20/05/2024
  • 11:02

Crises can lead to a 50 per cent drop in share price, new research

80% of listed companies studied experienced a drop in share price during a crisis The average drop in share price was 12% The median earnings per share drop was 100% On average, share prices took 60 days to recover Crises involving casualties saw an average share price drop of 24.4% and a median earnings per share drop of 191% Environmental crises saw an average share price drop of 23.4% and a median earnings per share drop of 222%. Sydney, 20 May 2024 -- New research has highlighted the magnitude of some of the greatest business crises of over 40 years,…

  • Contains:
  • Finance Investment, Oil Mining Resources
  • 20/05/2024
  • 10:25
Victory Metals Limited (ASX:VTM)

Victory Metals Limited (ASX:VTM) – Oversubscribed $2.5M Placement to rapidly advance our 100% owned Heavy Rare Earth Element Project

Highlights Successful oversubscribed placement to raise an amount of $2,500,000 Proceeds to be utilised to further advance North Stanmore, Australia’s largest Heavy Rare Earth project situated adjacent to the Great Northern Highway in Cue, Western Australia Victory Metals Limited (ASX:VTM) (“Victory” or “the Company”) is pleased to announce it has received firm commitments from professional and sophisticated investors for a Placement to raise $2,500,000 (“Placement”) through the issue of 11,363,636 fully paid ordinary shares at $0.22 per share (“Placement Shares”). Victory’s Chief Executive Officer and Executive Director Brendan Clark commented: “The Placement provides a platform for the Company to continue…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.