Zenith Minerals identifies new lithium pegmatites at Split Rocks

Zenith Minerals identifies new lithium pegmatites at Split Rocks

Zenith Minerals (ASX: ZNC) has announced that initial lithium reconnaissance surface sampling completed on the recently optioned Dulcie Heap Leach Gold Operation project has returned highly encouraging lithium results up to 0.39% Li2O. Zenith has commenced an initial assessment of the lithium potential of the area in conjunction with its systematic screening of its large, 100% owned Split Rocks project landholding in the Forrestania greenstone belt.


Zenith Minerals (ASX: ZNC) has announced that initial lithium reconnaissance surface sampling completed on the recently optioned Dulcie Heap Leach Gold Operation project has returned highly encouraging lithium results up to 0.39% Li2O.

HIGHLIGHTS

·       Highly encouraging initial reconnaissance surface sample results up to 0.39% Li2O returned from pegmatite bodies on the recently optioned Dulcie Heap Leach Gold Operation tenure;

·       The Company is continuing to explore its very strong ground position in the Forrestania lithium belt, adjacent to SQM-Kidman’s Mt Holland/Earl Grey lithium deposit; and

·       Zenith’s proposed drill programs will test both pegmatite bodies identified in historical drilling, and surface lithium anomalies generated via the Company’s work programs as well as bedrock gold targets.

Zenith has commenced an initial assessment of the lithium potential of the area in conjunction with its systematic screening of its large, 100% owned Split Rocks project landholdings (500 sqkm) in the Forrestania greenstone belt. This emerging lithium district is host to SQMKidman’s Mt Holland/Earl Grey lithium deposit containing 189Mt @ 1.5% Li2O (KDR:ASX Release 19th Mar 2018), with KDR the subject of an off-market takeover by Wesfarmers (ASX: WES).

As previously announced (ASX Release 21st March 2019) Zenith executed an agreement that provides the Company with an exclusive right to explore for bedrock gold and lithium mineralisation beneath the large laterite rich gold cap currently being mined and treated on leases located contiguous with Zenith’s Split Rocks project licences.

In addition, to the high-grade gold targets, several historic exploration drill holes intersected pegmatite bodies that were never analysed for lithium.

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