Perth, Australia – 11 September 2024 | Zenith Minerals Limited (ASX: ZNC) ("Zenith" or "the Company") is pleased to provide an exploration update from its 100%-owned Split Rocks Lithium Project in Western Australia. Ongoing field operations have uncovered additional pegmatites during site reconnaissance, further demonstrating the project’s potential for lithium resource expansion.
Highlights:
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New Pegmatite Discoveries: During recent site works, pegmatite material with visible mica content was found in historic drill piles (previously logged as quartz veins). The newly identified pegmatite is located approximately 360 metres east of the Rio JORC Inferred Lithium Resource (11.9Mt @ 0.72% Li₂O), providing additional data on the Dolphin Pegmatite.
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Drilling Preparations: Zenith is actively preparing for Reverse Circulation (RC) drilling at Split Rocks, with ground reconnaissance and heritage surveys underway. The campaign will focus on lithium and gold targets, which will include the Dulcie Far North gold prospect.
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Heritage Surveys and Approvals: The Company has received a Programme of Work (POW) approval for the upcoming drilling program and is set to begin heritage surveys. Exploration at the Split Rocks Project will test six top-ranked lithium targets along the Rio Lithium Mineral Resource trend, as well as other targets.
Andrew Smith, Managing Director of Zenith Minerals, commented: “We are thrilled by the identification of these pegmatites, which expands the potential footprint of known lithium mineralisation in the Split Rocks area. This observation opens up new opportunities for additional exploration and resource growth adjacent to our existing Rio JORC Resource. With a strong pipeline of lithium and gold targets, we are well-positioned to maximise the value of our assets, particularly at our gold projects at Dulcie Far North.”
Exploration Manager, Chris Shanley, added: “These observations are of particular interest as they indicate that either the Dolphin Pegmatite is shallower than previously modelled, or would signify the presence of stacked, sub-horizontal pegmatites in the hanging wall of the currently modelled Dolphin Pegmatite. These findings give us valuable insights into the geological structure east of the Rio deposit, increasing the likelihood of expanding the known lithium-bearing zones. The additional pegmatite intersections, unrecognised in the initial logging, may present a promising opportunity for resource expansion in this key area.”
Exploration Focus:
Zenith is advancing exploration efforts at Split Rocks, with a focus on lithium and gold. The Company is targeting six key lithium prospects across a 13.5 km trend, in addition to testing the undrilled 9 km Cielo geochemical anomaly. More than 80 lithium targets have been identified at Split Rocks, providing a roadmap for future exploration.
Andrew Smith
Managing Director
info@zenithminerals.com.au
Jane Morgan
Investor & Media Relations
jm@janemorganmanagement.com.au
About us:
About Zenith Minerals Limited:
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 two 100% owned lithium projects, both located in Western Australia:
Split Rocks Lithium Project
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Split Rocks Lithium Project (covering ~376km²) is located in the Forrestania greenstone belt 30km north of the established Mt Holland Lithium Deposit (Sociedad Química y Minera and Wesfarmers).
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Maiden Inferred Mineral Resource for the Rio Lithium Pegmatite Deposit at Split Rocks of 11.9Mt at 0.72% Li2O (ASX Release 28-Sep-23).
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83 advanced lithium targets identified in December 2023.
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Split Rocks is 1 of only 6 lithium deposits with a JORC mineral resource in Western Australia, outside existing lithium mining operations.
Waratah Well Lithium Project
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Waratah Well Project (covering ~123km2) located approximately 20km northwest of the regional town of Yalgoo in the Murchison Region holds an advanced lithium exploration target.
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Multiple drill intersections at Waratah Well >10m @ 1.0%Li2O (ASX Release 24-Jan-23).
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Permits are in place to commence a drilling program to further test these targets, which remain open in all directions.
In addition to its battery metal assets Zenith owns a portfolio of gold and base metal projects. It retains a 25% free carried interest (to end bankable feasibility study) on the Earaheedy Zinc discovery, in Western Australia, with Rumble Resources Limited (ASX:RTR) and two main gold projects – Red Mountain in Queensland and (DFN) Split Rocks in Western Australia.
To learn more, please visit www.zenithminerals.com.au
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
