Zenith Minerals (ASX:ZNC) has commenced gold and lithium exploration at the Split Rocks Project in Western Australia. The surface and auger program is following up on historical results including 34m at 0.48g/t Au and 1m @ 8.67g/t Au. Split Rocks is located 10km NW of Kidman Resources’ Earl Grey/Mt Holland lithium project and 15km NW of the Bounty Gold Mine.
- Field programs have commenced on two recently granted exploration licences that form part of Zenith’s 100% owned Split Rocks project covering greater than 500km2 of the Forrestania Greenstone Belt in Western Australia;
- The project is considered highly prospective for lithium and gold being located 10km northwest of Kidman Resources Limited’s (ASX:KDR) Earl Grey-Mt Holland lithium deposit and 15km northwest of the Bounty Gold mine;
- In addition gold intersections in historic, shallow drilling on a Zenith exploration licence application 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;
- Two gold auger soil anomalies on recently granted Zenith tenure are situated in a regionally gold mineralised shear zone:
- 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;
- Three field crews will collect approximately 2000 surface and auger samples as part of a systematic exploration program to explore Zenith’s Split Rock’s project for both lithium and gold mineralisation.
Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to advise that field work has commenced at the 100% owned Split Rocks project in Western Australia, with a focus on lithium and gold. Zenith’s 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) (Figure 1) and 15km northwest of the Bounty Gold mine.
The Split Rocks region is 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 Edna May Gold Mine (Figure 2).
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 (as previously reported in ZNC – ASX Release 16th August 2016). 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. 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 was 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.
Now that two of the larger exploration licences have been granted, three separate field crews have commenced systematic exploration programs for Zenith to screen prospective zones of the project for lithium and gold. The field programs will focus on the central and western portions of the greenstone belt testing areas where no previous exploration has been conducted as well as infilling and extending gold – arsenic surface geochemical anomalies identified in a comprehensive review of historic exploration data.
Field work is anticipated to take a total of three weeks with assay results available approximately three weeks thereafter.