Press Release: Zenith Minerals Announces Commencement of RC & Aircore Drilling at Hayes Hill to Test Promising Gold and Nickel Targets
Perth, Australia – May 22, 2024 – Zenith Minerals Limited (ASX: ZNC), an Australian-based minerals exploration company, is pleased to announce that Reverse Circulation (RC) and Aircore drilling has commenced at the Hayes Hill Project, strategically located in the highly mineralized Norseman – Widgiemooltha area of Western Australia. This new drilling campaign aims to explore significant gold and nickel targets recently identified within the project area.
Exciting Gold Prospects Between Major Mining Districts
The Hayes Hill Project, positioned between the multi-million-ounce gold districts of Central Norseman and Higginsville, is initiating an Aircore drilling campaign targeting a newly discovered, 2.5km long gold anomaly. This large-scale target is situated near active mining operations by Karora Resources Limited, highlighting the project’s proximity to proven productive regions.
Innovative Nickel Exploration at Green Bananas Target
Simultaneously, Zenith is undertaking an RC drilling campaign at the Green Bananas nickel sulphide target, a region that has shown a discrete, strong ground Electromagnetic (EM) geophysical bedrock conductor. This target has been modeled based on peak surface geochemical sampling results showing significant concentrations of nickel, copper, cobalt, and platinum, marking it as a highly prospective nickel exploration site.
Managing Director Michael Clifford commented:
“I’m pleased to announce that drilling has now commenced to test gold and nickel targets on the Hayes Hill project in Western Australia. This large-scale gold drill target is located between the major active gold mining districts of Norseman and Higginsville in the Eastern Goldfields. We are pleased to be conducting this drill campaign during a period of a strong gold price.
We will also undertake an RC drill test of the Green Bananas nickel sulphide target. This is at a time where the nickel market has shown significant resilience with a rapid rebound in the nickel price. Both the nickel and gold targets are highly compelling and we 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
