| Announcement Date: | 2023-01-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Zenith Minerals Ltd. |
| Project name: | Split Rocks |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12m at 6.07g/t Au from 108m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Zenith Minerals (ASX:ZNC) (“Zenith”, or the “Company”) is pleased to advise that significant gold assay results have now been returned from the Dulcie Far North Prospect, within the Company’s Split Rocks Gold Project, located in the Southern Cross-Forrestania Greenstone Belt of Western Australia. Significant results includeThe recent Dulcie Far North assay results are believed to be sufficiently encouraging to justify Zenith exercising its Option to Purchase 100% rights, title and interests over Mining Lease (ML) 77/1292 off a private syndicate. Consideration to exercise the option is the granting of a 2% NSR royalty over any gold and/or lithium mined below 6m from surface. The private syndicate will retain the rights to any surface laterite gold mineralisation down to 6m below surface. 4 Next Steps Several critical holes were abandoned ahead of reaching their target depth because of high water flows filling the sumps. |
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