Gold Targets at Zenith’s Split Rocks Project
Zenith Minerals (ASX:ZNC) has identified widespread gold anomalism within its Split Rocks Project in the Forrestania Belt, originally acquired for the lithium potential. Gold intersections in historic, shallow drilling northeast of the British Hill gold deposit include: 34m @ 0.48g/t gold (Au) including 7m @ 1.57 g/t Au, and 1m @ 8.67g/t Au from an adjacent hole, open to the southwest and not followed up by previous explorers.
- In addition to the lithium targets identified by Zenith at its new 100% owned Split Rocks Project, a review of previous exploration activity has to date defined several gold targets that warrant testing;
- Gold intersections in historic, shallow drilling northeast of the British Hill gold deposit include: 34m @ 0.48g/t gold (Au) including 7m @ 1.57 g/t Au, and 1m @ 8.67g/t Au from an adjacent hole, open to the southwest and not followed up by previous explorers;
- In addition two gold auger soil anomalies on a regionally gold mineralised shear zone are located central to Zenith’s project:
- Northern auger soil anomaly is 1.2km long, >10ppb Au with individual soil results up to 1g/t Au, coincident with major jog in regional shear zone;
- Southern auger anomaly 1km long x 800m wide, > 10ppb Au with soil results up to 0.12g/t Au;
- These significant gold geochemical anomalies are open and untested by drilling;
- Initial surface mapping and confirmatory surface sampling to precede planned drill testing of the gold targets.
Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that a review of previous exploration activity conducted within its new 100% owned exploration licence applications at Split Rocks in the Forrestania Greenstone Belt of Western Australia has identified several gold targets that warrant testing.
The region is host to several gold deposits with gold endowment (resources plus past production) exceeding 1 million ounces, including: Bounty Gold Mine, Marvel Loch Gold Mine, Yilgarn Star Gold Mine and the Edna May Gold Mine (Figure 1).
Historic shallow RC drilling completed in 2005 north east of the British Hill gold deposit intersected significant gold mineralisation with results including: 34m @ 0.48g/t gold (Au), including 7m @ 1.57 g/t Au from 37m depth, open to the south west. Nine of the thirteen drill holes returned 1m intercepts greater than 0.5 g/t Au ranging up to 1m @ 8.6 g/t Au (Table 1). Mineralisation is hosted within saprolite clays and weathered ultramafic rocks with associated quartz veining and minor pyrite. This gold mineralised zone remains open to the south and has not followed up by previous explorers.
In addition a previous explorer completed systematic auger soil sampling over a portion of the Van Uden Shear Zone within Zenith’s current tenure. This shear zone hosts the Teddy Bear and Van Uden Group gold deposits immediately south of Zenith’s tenure (Figure 2). The auger sampling program defined two gold auger soil anomalies central to Zenith’s new exploration licence applications: one anomaly is 1.2km long, >10ppb Au with individual soil results up to 1g/t Au, coincident with major fault jog, the other is 1km long by 800m wide, > 10 ppb Au with soil results up to 0.12g/t Au (Figure 3). These are significant gold anomalies and are yet to be drill tested.
Zenith intends to complete confirmatory soil sampling prior to drill testing the gold targets.
Background to Split Rocks Project
The Split Rocks licences are located 10km northwest of the new Earl Grey lithium pegmatite discovery announced by Kidman Resources Limited (ASX release 15th July 2016) where reported drill intercepts include: 52m @ 1.53% Li2O and 45m @ 1.81% Li2O.
As announced to the ASX on the 25th July 2016 and the 27th July 2016, Zenith applied for an initial exploration licence at Split Rocks in early March 2016 following the recognition by the Company that the region contained lithium enriched granites, that application was subsequently replaced by four licences over a much expanded area following the announcement by Western Areas Limited (ASX quarterly report released 22nd April 2016) of lithium mineralisation in drilling at Mt Hope and South Ironcap in the Forrestania Belt, and Kidman Resources Limited’s recent lithium announcements.