Zenith Minerals (ASX:ZNC) has reported gold mineralisation over a 23.5m interval at the Discovery Zone at Kavaklitepe, Turkey. Intercepts include 9.4m at 1.5g/t Au and 3.5m at 2.1g/t Au, down dip from wide trench intercepts. The Discovery Zone remains open to the northeast and southwest and is open down dip. This drilling follows anomalous results from the Kuzey Zone reported throughout H2.
Results from a single drill hole test at the Discovery Zone indicate gold mineralisation over a 23.5 metre (m) interval in hole KT-18A with results including: 9.4m @ 1.5 g/t Au and 3.5m @ 2.1 g/t Au, approximately 60m down dip of surface trench results (previously reported) that include: 21.0m @ 2.7 g/t Au and 27.0m @ 1.4 g/t Au;
The Discovery Zone gold mineralisation remains open to the northeast and southwest and is open down dip.
These new drill results at the Discovery Zone are located 1.3km southeast of high-grade, near surface gold intersections previously reported (between 6 June and 5 October 2016) over +360m strike length at the Kuzey Zone, including:
- KT-01 – 3.5m @ 5.5 g/t Au from surface;
- KT-02 – 9.0m @ 5.2 g/t Au from surface;
- KT-03 – 7.8m @ 7.3 g/t Au from 3.3m depth;
- KT-05 – 1.2m @ 10.8 g/t Au from 14.7m;
- KT-06 – 6.3m @ 4.3 g/t Au from surface, and 7.7m @ 1.2 g/t Au from 66.0m;
- KT-06A – 6.3m @ 3.6 g/t Au from surface;
- KT-07 – 12.9m @ 1.2 g/t Au from surface;
- KT-08 – 13.0m @ 1.0 g/t Au, 2.0m @ 3.0 g/t Au and 9.5m @ 1.2 g/t Au from 12.5m, within a 76.0m gold mineralised zone; and
- KT-09 – 18.7m @ 1.7 g/t Au, 16.0m @ 4.7 g/t Au (incl. 8.0 m @ 7.1 g/t Au) and 8.8m @ 1.0 g/t Au to 113.9m (EOH), a 67.7m overall unoxidised gold mineralised zone (true width unknown);
Gold mineralisation at the Kuzey Zone remains open to the north and east and also to the south where drill holes KT-02, KT03 and KT05 only test a 80m wide portion of the target zone.
Zenith considers that the 2016 maiden drilling program has been very successful, and is waiting formal notice from Teck Anadolu Madencilik A.S of a proposed 2017 exploration budget to scope out the potential size and grade of gold mineralisation discovered.
Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that the initial diamond drilling program using a mobile rig at the Kavaklitepe gold project in western Turkey has now been completed for the year. Zenith considers the program to have been successful with sulphide-related gold mineralisation being discovered at both the Discovery Zone and Kuzey Zone, and with near surface high-grade oxide and transition gold mineralisation also intersected at Kuzey.
In summary a total of 2558.5m of drilling was completed in twenty-five short diamond drill holes KT-01 to KT-25, & KT-06A at the three target zones: Kuzey, Discovery and Guney during the 2016 exploration campaign.
- Kuzey Zone 11 holes (KT-01 to KT-11, including KT-06A);
- Guney Zone 11 holes (KT-12 to KT-17 & KT-19 to KT-22 & KT-24); (results awaited for hole KT-25) and
- Discovery Zone 2 holes (KT-18A and KT-23).
New Gold at Discovery Zone
Gold mineralisation was intersected at the Discovery Zone in a single drill hole test (KT-18A) over a 23.5m interval from 22.5m to 46.0m depth with results including: 9.4m @ 1.5 g/t Au and 3.5m @ 2.1 g/t Au (true width intervals). The near surface gold mineralisation dips to the northwest and is 60m down dip of previously reported continuous roadside surface sample results that include: 21.0m @ 2.7 g/t Au and 27.0m @ 1.4 g/t Au (Figures 1 & 2). The roadside sampling was conducted as an initial test of the 400m long gold-in-soil anomaly at the Discovery Zone.
The new Discovery Zone gold mineralisation remains open to the northeast and southwest and is open down dip. A second drill hole (KT-23) has now been completed 275m southwest along strike where surface rock chip samples returned up to 2.4g/t Au, intersecting 1.3m @ 1.3 g/t Au within an 17.9m wide altered zone from 17.5m to 35.4m with associated anomalous silver, arsenic and antimony.
These new drill results at the Discovery Zone extend and support high-grade, near surface gold intersections previously reported over +360m strike at the Kuzey Zone located 1.3km to the northwest.