Zenith Minerals (ASX: ZNC) has announced that initial reconnaissance sampling at the company’s 100% owned Flanagans gold project in Queensland has confirmed high-grade gold, silver and copper at surface at both the Flanagans and Great Blackall prospects.
Initial reconnaissance sampling by Zenith confirms high-grade gold, silver and copper at surface at the Flanagans prospect and nearby Great Blackall copper prospect. Rock sample results included:
Flanagans – gold to 5.3 g/t Au, silver to 100 g/t Ag and copper to 8.0% Cu;
Great Blackall – gold to 3.4 g/t Au, silver to 273 g/t Ag and copper to 13.9% Cu.
Surface sampling confirms the historically reported local high tenor of gold, silver and copper mineralisation at both the Flanagans and Great Blackall prospects and endorses requirement for further exploration activity.
Follow-up sampling to commence next week in conjunction with field preparation for upcoming major follow up drill campaign at Zenith’s nearby Red Mountain gold project where recent drilling returned 14m @ 5.5 g/t Au incl 6m @ 12.3 g/t Au from surface.
Drilling is also planned to commence at Zenith’s 100% owned Split Rocks Project (WA) in early July, testing a series of high-order targets.
The Flanagans project is situated within approximately 100km of operating gold mines at Cracow and Mount Rawdon and approximately 70km northeast of Zenith’s 100% owned Red Mountain Gold project where recent drilling returned 14m @ 5.5 g/t Au incl 6m @ 12.3 g/t Au from surface.
A short field reconnaissance program undertaken by Zenith has confirmed the historically reported high tenor of surface gold, silver and copper mineralisation at both the Flanagans and Great Blackall prospects.
CEO Mick Clifford said “These are very early stage soil and rock-based results at the Flanagans Project. We are however encouraged by them particularly given that we were following up on some historical positive third-party results. This work follows on from some more advanced positive drill results at our nearby 100% owned Red Mountain Project.
“This geological region in Queensland has a history of commercial gold and base metal discoveries and we feel that we have given ourselves a good shot at success. Both Projects (Flanagans and Red Mountain) require a significant amount of follow up work to test and validate. Our multi project strategy is starting to yield and we believe that expenditure to date has been a good use of shareholder funds.”