Announcement Date: 2022-06-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Zenith Minerals Ltd.
Project name: Develin Creek
Location: Australia
Commodities: Gold,Silver,Copper,Zinc
Highlight: Drilling results incl. 19m @ 1.2% Cu, 11.9% Zn, 0.4g/t Au, 20.4g/t Ag from 54m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Zenith Minerals Limited (ASX: ZNC) (“Zenith” or “the Company”) is pleased to advise that it has received further high-grade copper-zinc drill results from the Company’s 100% owned, Develin Creek project located in Queensland. The Develin Creek project contains a VMS copper-zinc deposit with an Inferred Mineral Resource (JORC 2012) of: 2.57Mt @ 1.76% copper, 2.01% zinc, 0.24g/t gold and 9.6g/t silver (2.62% CuEq) released to ASX on 15-Feb-2015. A three rig drilling campaign commenced at Develin Creek in September 2021 to test copper-zinc targets at Wilsons North, Snook and four targets surrounding the existing Sulphide City JORC massive copper-zinc sulphide deposits (Figure 1) as detailed in ASX Release 2-Sep-21. This drilling program is part of a broader plan to build upon the existing JORC resource and add potential tonnage to the Develin Creek copper-zinc volcanogenic massive sulphide (VMS) inventory. Only one target surrounding the existing Sulphide City deposit has been tested to date, returning no signifcant results, with 3 targets remaining to be tested.
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