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Finance Investment, Oil Mining Resources

Zenith Minerals Limited (ASX:ZNC) – DRILLING PLANNED TO TEST GOLD & NICKEL TARGETS

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

jm@janemorganmanagement.com.au

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