Zenith Minerals (ASX:ZNC) has commenced drilling of gold prospects at the Split Rocks Project, located in the Forrestania Region of WA. This follows an announcement highlighting the lithium potential of the project. The gold drilling will test the Mawson and Casey targets, both of which represent jogs in regional shear zones.
Drilling has commenced to test two gold auger soil anomalies on recently granted, 100% owned Split Rocks project in Western Australia:
- Mawson Target- auger soil anomaly is 1.4km long, >10ppb Au with individual soil results up to 1g/t Au, coincident with major jog in the regional shear zone;
- Casey Target – auger anomaly now 3km long x 500m wide, > 10ppb Au with soil results up to 0.12g/t Au, also associated with major jog in regional shear zone.
Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that a 3600m drilling program to test the Mawson and Casey gold targets has commenced at the 100% owned Split Rocks project in Western Australia.
Zenith’s Split Rocks exploration licences are located approximately 10km northwest of Kidman Resources Limited (ASX:KDR) Earl Grey lithium pegmatite deposit containing 128Mt @ 1.44% Li2O (KDR ASX Release 5th Dec 2016) and 15km northwest of the Bounty Gold mine (Figure 1). Zenith announced encouraging lithium geochemical results from its Split Rocks project on 4th November.
The Southern Cross-Forrestania region s also 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 Westonia-Edna May Gold Mine.
The Van Uden Shear Zone can be traced for over 15km within Zenith’s current tenure. To the south of Zenith’s tenure this shear trend hosts the Lady Ada and Lady Magdalene gold deposits (Mineral Resource of 5.9 Mt at 1.25 g/t for 240,000 ounces of gold) being explored by ASX:CLZ as well as the Teddy Bear and Van Uden Group gold deposits held by ASX:KDR (Figure 2).